The Head of Deadly Weapons Insurance is a newly created, highly visible position within Convex US. The successful candidate will build, launch, and lead the Deadly Weapons insurance product that will sit alongside of our other Crisis Management & Terrorism offerings. This role combines technical underwriting with product development, capacity management and crisis management vendor integration.
The candidate will be charged with growing the portfolio on a profitable basis working as a Coverholder of both Convex UK and
other select capacity providers. The candidate will build and lead a team of best in class industry professionals who will collectively grow a portfolio focused on deadly weapons and other war perils. While the primary offices are in Princeton, NJ, the location for this role is flexible.
Key Responsibilities
Leadership: - The role will be responsible for and in close collaboration with the Head of Crisis Management Insurance for recruiting, leading, coaching and developing the Convex U.S. Deadly Weapons Underwriting product and team.
- This position will work in close collaboration with Convex UK and other capacity providers’ Underwriters and Underwriting leadership in developing an aligned business plan and Underwriting appetite.
- The successful Candidate must be comfortable leading a start-up with the ability to attract top-tier underwriting talent.
- This role will promote a working environment that fosters teamwork, innovation, and cooperation that operates well within Convex Group’s unique, values driven culture.
Build: - Develop Underwriting strategies and actions needed for a start-up including product development, pricing, and competitive analysis.
- Align and set up the optimal capacity mix including that of Convex UK for the product’s long term growth.
- Underwrite, maintain, and grow the portfolio in accordance with the Deadly Weapons plan, strategy, authority levels and regulatory environment.
- Build and manage a market leading vendor ecosystem of crisis management support firms specializing in threat assessment and response along with other value added services that can reduce claim severity and frequency.
Distribution: - The role will be responsible for developing and maintaining relationships with Wholesale / Retail production sources to facilitate business growth and create relevance among key trading partners.
- Produce proprietary marketing and brand collateral to promote Deadly Weapons insurance product and Convex US brand awareness across all lines of business.
P&L Management:- The role will be responsible for leading a small team of underwriters and collaborating with the Head of Crisis Management and other leadership to deliver the agreed top-and-bottom-line annual business plan with a target of delivering consistent underwriting profit that meets or exceeds agreed targets.
Skills, Knowledge and Expertise
Driving Results: Rigorously holds oneself and others accountable for achieving high levels of individual and organizational performance.
Developing and Leveraging Relationships: Creating and cultivating internal and external networks of people who contribute to your success.
Analytical Skills: An expansive ability to handle complex and multi-dimensional problems, and to apply logic, analysis, and sound reasoning to solve those problems. Quickly absorbing new information and changing dynamics.
Impression and Communication: Highly articulate and able to convey important messages in a clear and compelling manner. A strong, positive, and remarkable personal presence resulting from one’s bearing, style, words or behavior.
Empathy: Understanding and accurately assessing the reactions of others and incorporating those into actions and presentation.
Integrity: Doing the right thing by others, having the courage of own convictions, and adhering to strongly held principles and values.
Entrepreneurial Drive: Quick to seize and capitalize on trends and opportunities.
