Interim Head of Property (Hiring Immediately)

Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs. 

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days. 

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years. 

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Where you come in?

You'll lead the Casualty Treaty book for Ki, responsbile for adhering to our agreed business plan and underwriting performance. Working with the Divisional Head, you'll take primary responsiblity for the Casualty Treaty portfolio at Ki. You'll work closelty with the actuarial team, leveraging traditional and machine learning approaches to support technical pricing for treaties. You'll be supported by the Portfolio Management team, to define and optimise annual plan strategy, reflective of market conditions. Alongside the Divisional Head, set underwriting appetite, and take steps to ensure Ki’s portfolio is in line with said appetite to maintain a profitable portfolio.

You'll be responsible for the Property Divisions financial performance, working to define, develop and deliver the underwriting strategy. You'll manage the underwriting teams adherance to the approved business plan focusing on planning and delivering a profitable portfolio of risks for the Algorithm to underwrite. You'll work closely with the MD and 1618 Active Underwriter to continually enhance Ki's Underwriting Risk Appetite framework. You'll lead the development of the Property Squad driving improvements in algorithmic underwriting, aggregation and portfolio optimisation across their division. You'll hold ultimate responsibilioty for committee inputs including the Portfolio Underwriting Committee, Reserving and Major Loss Panel. Finally you'll work with the Outwards Reinsurance team to take an active lead role and ownership for the outwards reinsurance design and placement for their division.

What you will be doing: 🖋️

• Work with the Managing Director of KiDS to define, develop, and deliver the underwriting strategy to ensure that a profitable portfolio of business is written in line with the agreed business plan
• Take responsibility for the Division’s financial performance
• Aid in the production of the Syndicate 1618 business plan and own the implementation of approved class plans and manage performance against said plans during the year. Report any changes or deviations from the class business plan to the Managing Director and report at PUC on a monthly basis.
• Working in conjunction with the portfolio management function providing review of risk appetite patterns and data and analytics insight to determine what adjustments to portfolio are required and recommend any implementation of dials to the PUC, ensuring all remedial actions drive the team’s revenue and profitability strategy
• Ultimate responsibility for the distribution strategy (in close alignment with the Distribution Lead), upon which the Underwriters and Account Manager deliverables will be based and executed.
• Direct the Underwriting and Account Managers in communicating the underwriting strategy to brokers in order to deliver the underwriting and distribution strategy with our partner brokers.
• Hold strong relationships with senior broker executives in order to ensure KiDS are best positioned in the market in order to deliver their distribution and underwriting plan.
• Explore and develop new insurance product initiatives, distribution partners and markets in order to deliver the business plan and distribution strategy.
• Proactively engage in the quarterly reserving process in conjunction with the Actuarial department, leading on underwriting and market conditions.
• Establish and maintain working relationships with key business partners including, but not limited to, Claims, Actuarial, Finance, Risk, HR etc.

Requirements

• Previous experience as a senior leader within a Lloyds or London Market insurer
• Excellent knowledge of the Property D&F or Treaty market
• Track record of success in the development and execution of commercially viable strategies, with high standards of delivery in a timely, cost effective way.
• Excel]]>