Head of Product- General Liability/Professional Indemnity /Technology
3 days ago
Paris
At RSA Europe our purpose is to help people, businesses, and society prosper in good times and be resilient in bad times. We have offices in France, Spain, Belgium and the Netherlands, where we’ve embraced hybrid working and empower our 250 plus people to work flexibly in their country of employment to suit their needs and those of our customers. Our customers benefit from the diverse perspectives of our teams that serve them, solving complex problems with creative ideas. We are proud to be part of Intact Financial Corporation (), Canada’s largest provider of property and casualty insurance and the 12th largest property and casualty firm worldwide, with a market capitalization of approximately $50 billion CAD (~£25 billion GBP) and a global workforce of 31,000 employees across 350 offices. Our Global Specialty Lines division plays a central role in Intact’s long-term strategy. With 3,500 professionals dedicated to more than 20 niche segments, we operate across North America, the UK, and Europe, and benefit from a strong international network covering over 150 territories. Since 2017, GSL has tripled in size and now has access to a $460 billion global specialty lines market. Currently, GSL is at $6 billion DPW and in our strategic roadmap, we laid out GSL growth and profitability ambitions for the long term to reach $10 billion in operating DPW by 2030, performing at a sub-90 operating combined ratio. Nearly 90% of brokers recognize us as a trusted partner, valuing our specialized expertise, simplified multinational programs, local market knowledge, and reliable claims handling. We want you to succeed with us and grow with us – and we’ll give you the tools, flexibility and learning opportunities you need to do it. Our Core Belief People are at the heart of our organisation – and of our success. How we do things is just as important as what we achieve. We are a purpose-driven company based on values and a belief that insurance is about people, not things. Culture and Community Our Values guide our decision-making, keep us grounded, help us outperform and are key to our success. Our values are – Integrity, Respect, Customer-driven, Excellence, and Generosity. We provide an open and honest workplace – where everybody contributes, and every view is listened-to and respected. Social Impact Our customers are our advocates. Insurance is about people, and helping people be resilient in bad times is the reason we’re here. It’s also why being Customer-driven is one of our Values. Our people are engaged. Our people are central to our success. That’s why we invest in the well-being and development of our employees and create an environment where they can be resilient and thrive. Being a most respected company is about financial outperformance and helping society. Building resilient communities speaks to our purpose and builds on over a decade of investment and leadership. So, if you are looking to take the next step in your career, work with the best in the business, and open a door of opportunity, contact us today! Job Description This is a management role and involves leading the RSA Europe General Liability, Professional Indemnity and Technology lines of business to deliver profitability in line with the Company and Group objectives. This role has accountability for the overall performance of the RSA Europe General Liability, Professional Indemnity and Technology Portfolio, including shaping the strategy and leadership across multiple product lines and geographical locations. You will spend your time leading the development and implementation of agreed business targets, developing and implementing segment strategy, influencing key internal matrix stakeholders, driving through change and ensuring KPI’s and operating targets are achieved. A key aspect will also be monitoring the marketplace to identify, assess and make appropriate strategic decisions about opportunities and/or threats presented by new and/or emerging developments. Key responsibilities: • Leading the development and implementation of strategy in order to: Deliver the required contribution from the portfolio, including business growth, profitability, operating targets, return on investment and shareholder value. Drive competitive advantage through strong and differentiated customer value propositions., • Leading the line of business within the different countries and influencing internal matrix stakeholders to develop and deliver the strategies and drive performance in line with strategic objectives., • Promoting a high-performance trading culture across the portfolio to support and enable delivery of the segment strategies and operating plans., • Monitoring the Global portfolio marketplace to identify, assess and make appropriate strategic decisions about opportunities and/or threat presented by new and/or emerging developments., • Building and maintaining strong relationships with key external stakeholders including investors, customers, reinsurers, brokers, business partners, regulatory bodies and other agencies., • Representing RSA Europe externally, taking a leading role in influencing market expectations, direction, standards and legislation in line with RSA Europe`s best interests and commercial priorities and promoting RSA Europe as a leading insurer., • Leading, monitoring, managing, controlling and improving department business operations, resources and performance in line with agreed performance targets, standards, budgets and wider business objectives., • Building and maintaining effective working relationships with other business areas, functions and market experts in order to maximise the effective operation of the team/department/unit., • Recruiting, managing, coaching, developing and motivating the management team/department/local teams to ensure delivery of the required standards of performance now and in the future., • Size & Scope: RSA Europe wide portfolios (produced and serviced business) across Europe, • Products: General Liability: 52M Sum of current GWP. Professional Indemnity: 5M Sum of current GWP. Technology: 273K Sum of current GWP. Requirements and Skills: • Master degree or equivalent (e.g. qualified ACII ) with profound experience in Commercial Insurance Underwriting, • You will have extensive experience in development and delivery of underwriting and market strategy within Liability lines to achieve sustainable profitability, • Experience of working extensively with senior clients and partners, • In-depth knowledge and understanding of Liability Insurance underwriting good practice, regulatory frameworks, business strategy, global operations, and commercial pricing models and methodologies, • Spain/Belgium/France/ Netherlands based, • Pan-European team size 20 aprox FTE, • Able to approve RSA Europe risks up to an A Licence level, • Health & Safety: Demonstrates full compliance with all legal requirements and all relevant RSA policies Capabilities: • Commercially astute with demonstrable track record of taking accountability for delivery, • The ability to motivate others as well as influencing audiences outside of his/her direct control, • Proven experience in delivering a profitable portfolio, either by increasing this or turning it around, • The resilience, drive and character to success in a matrix structure, • Strong skills in relationship and stakeholder management, • Track record of successfully leading transformation, developing and driving the implementation of changes across multi-cultural teams, • Adherence to legal and regulatory framework, • Senior License holder in Liability lines of business, • Experience of developing, leading and coaching and building high performance across multicultural teams, and improving overall effectiveness RSA Luxembourg SA (RSAL) is committed to ensuring that your privacy is protected, as the data controller, we take the necessary measures to ensure the security and confidentiality of the personal information it holds or processes in compliance with the General Data Protection Regulation (EU) of 27 April 2016 ("GDPR"), Loi n° 2018-493 du 20 juin 2018, relative à la protection des données personnelles and rest of related data protection regulations. The data you provide will be processed as part of our candidate selection process. The legal basis for this processing is our legitimate interest in considering your application. Unless you object, your CV will be kept for two years after our last contact with you. We may kept your data for the duration of the employment contract in the event of recruitment. Once your employment has ceased, your personal data will be only retained for as long as is necessary to satisfy any legal, accounting or reporting obligations. Intact Group companies and third-party partners may be recipients of your personal data when required. Sometimes your personal information may be sent to other parties outside of the European Economic Area (EEA) in connection with the purposes set out above. We will take all reasonable steps to ensure that your personal information is treated securely and in compliance with data protection regulations. In accordance with data protection laws, you have the right to access and obtain a copy of the data concerning you, object to the processing, have it rectified or deleted. All you have to do is write to the RSAL Data Protection Officer to the following address RSA Luxembourg, S.A. Edif. Torre Europa, Pº de la Castellana, 95 – Planta 19 28046 Madrid (SPAIN) or send an email to the following address . We will ask you to confirm your identity if we need to, we have one month from receiving your request to tell you what action we have taken.
