Head of Delegated Authority – Programs

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🔥 1 hour ago

🏄 California – Remote

🏄 California – Remote

💵 $210k - $682.5k / year

⏰ Full Time

🔴 Lead

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ICW Group

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

🛡️ Insurance

🤝 B2B

🌍 Social Impact

Insurance • B2B • Social Impact

ICW Group is a comprehensive insurance provider specializing in workers' compensation, catastrophe, and assumed reinsurance. They offer a wide array of services including claims reporting, risk management, and preventive safety measures to protect businesses and their employees. ICW Group is committed to providing excellent customer service and enhancing workplace safety. Additionally, they are involved in philanthropy, particularly focusing on improving the lives of children in the communities they serve. The company also facilitates various resources for agents and policyholders to seamlessly manage insurance requirements and claims processes.

📋 Description

• Design, build, and lead ICW Specialty's delegated authority and program business from the ground up • Define and execute ICW Specialty's delegated authority and programs strategy, including target classes of business, distribution appetite, and growth targets • Identify, evaluate, and cultivate a pipeline of prospective MGA, MGU, and program administrator partners aligned with ICW Specialty's risk appetite and profitability objectives • Negotiate binding authority agreements, underwriting guidelines, and program terms, in partnership with Legal and Compliance • Establish underwriting guidelines, binding authority limits, and referral protocols for each program in partnership with the Chief Underwriting Officer and actuarial team • Build and lead a rigorous program oversight framework, including pre-bind due diligence, ongoing performance monitoring, loss ratio tracking, and periodic underwriting and claims audits of delegated partners • Ensure all delegated authority arrangements comply with applicable state insurance regulations, surplus lines requirements, and internal risk management standards • Own the P&L for the delegated authority and programs book, including premium growth, loss ratio, expense ratio, and overall program profitability • Develop and present regular portfolio performance reporting to executive leadership, including program-level scorecards, trend analysis, and recommendations • Build, lead, and mentor a team of program managers, delegated authority underwriters, and compliance/audit professionals as the business scales.

🎯 Requirements

• Bachelor's degree in business, finance, risk management, insurance, or a related field; MBA or advanced degree a plus • 10+ years of progressive experience in the property & casualty insurance industry, with at least 5 years directly managing delegated authority, MGA/MGU, or program business • Demonstrated success building or scaling a delegated authority or programs unit, including partner sourcing, contract negotiation, and portfolio management • Strong working knowledge of excess & surplus lines, specialty casualty or property products, and the regulatory framework governing delegated underwriting authority • Proven ability to design and operate program governance frameworks, including underwriting audits, compliance monitoring, and performance remediation • Excellent negotiation, relationship management, and executive communication skills, with experience presenting to senior leadership and boards • Strong financial and analytical acumen, including familiarity with loss ratios, rate adequacy, reserving, and reinsurance structures • Outstanding verbal and written communication skills, with the ability to clearly convey complex underwriting, financial, and compliance concepts to audiences ranging from program partners and brokers to executive leadership and regulators.

🏖️ Benefits

• Competitive base salary • Performance-based incentive compensation • Comprehensive benefits package (medical, dental, vision, 401(k) with match, paid time off, and more) • A culture that values entrepreneurial thinking, underwriting discipline, and genuine partnership with distribution partners