IDEX Consulting Ltd
Chief Executive Officer - Underwriting
How your CV stacks up
Upload your CV to see how well it fits this job role
?%
Chief Executive – MGA (Insurer-Backed) | £45m → £130m GWP | Substantial Equity Participation
Location: London (flexible on candidate base)
Reporting to: Group CEO
Salary: Circa £140,000 - £150,000 + £8,000 car allowance + 30% bonus
Equity: Very substantial, seven-figure equity participation
Search Status: This role is retained with me exclusively
The Business
Our client is an £80 million revenue, £22.5 million profit, 740-person insurance group with a genuine challenger positioning and a clear mission: to change the insurance marketplace for the better.
Building out the group's MGA business is the number one strategic priority for the next three-year period, and the Group CEO is now seeking a Chief Executive to lead that transformation.
The MGA Today
- £45 million GWP
- Core lines: financial lines, non-standard commercial risks, and specialist private client products
- Strong, long-standing capacity relationships including AXA, Hiscox and Liberty
- Currently profitable and well-run, with a solid platform to build from
The Opportunity
This is a build-and-scale mandate. The successful candidate will lead the MGA through an ambitious three-year growth plan, targeting an increase from £45 million to £130 million GWP.
Key elements of the strategy include:
- Merging two recently acquired businesses (currently trading separately) under a single new brand
- Designing and implementing a new technology platform to support scale
- Driving growth organically through existing and new product lines, and new underwriting teams
- Pursuing further bolt-on acquisitions
- Rebalancing distribution so that 75% of business is sourced through third-party brokers
- Leading a period of significant organisational and cultural change
Reasons to use Rodeo
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
It searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
The Role
This is a senior, board-level appointment. The successful candidate will:
- Report directly to the Group CEO
- Sit as a member of the Group Executive
- Take full P&L and operational ownership of the MGA business
- Be responsible for setting and executing strategy, not underwriting personally
- Build and lead a high-performing senior team through a period of rapid growth and integration
- Represent the MGA externally with brokers, capacity providers and the wider market
Candidate Profile
We are looking for a commercially-minded business leader, not an underwriter looking to step up. The ideal candidate will bring:
- A strong entrepreneurial track record, with the ability to build and scale a business, not just manage an existing book
- Genuine insight into underwriting and risk, with credible insurer-side (capacity) experience — this is not a role for a broker "masquerading" as an MGA leader
- Experience gained within an MGA, insurer, or composite provider is all of interest, provided the mindset is right — composite backgrounds are welcome
- A demonstrable track record of leading change and transformation, ideally including M&A integration, rebrand, or technology-led business transformation
- Strong stakeholder management skills, credible at Group Executive and Board level
- The gravitas and commercial acumen to build relationships with third-party brokers and capacity partners at a senior level
Get help with your application
Your very own career expert that helps elevate your application to the next level.
Compensation & Package
- Base salary: circa £140,000 - £150,000
- Car allowance: £8,000
- Bonus: up to 30%
- Equity: a very substantial, seven-figure equity opportunity forming a core part of the overall package
- Full benefits package in line with a group of this size
Location & Process
The business's operational epicentre is Whitechapel, London, though the Group CEO is flexible on where the successful candidate is based day-to-day.
The process will begin with either an initial Teams call or a face-to-face meeting in London, at the candidate's preference.
How to Apply
This search is being handled on a retained and confidential basis. For a confidential discussion about this opportunity, please contact Ian at IDEX directly.
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
Skills
Location