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About The Role
We are seeking a highly experienced Vice President of Executive Risk Insurance with a specialization in Financial Institutions. The ideal candidate will have a deep understanding of the insurance needs of financial institutions, including banks, credit unions, and investment firms. The Vice President will be responsible for managing and growing our book of business in this sector, developing new business opportunities, and providing exceptional service to our clients.
What You’ll Do
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Develop and execute a business plan to grow the book of business for financial institutions.
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Provide technical expertise and strategic guidance to clients in the financial institution sector on complex property and casualty insurance solutions, including coverage for D&O, EPL, Fiduciary, Cyber Risk, Crime, Kidnap & Ransom, and Property & Business Interruption.
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Lead the team in marketing and underwriting risks to ensure profitability and growth objectives are met.
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Manage client relationships and work collaboratively with clients to understand their business needs and provide innovative solutions to mitigate risk.
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Collaborate with internal stakeholders to drive profitable growth, including product development, claims, and risk engineering.
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Monitor market trends and developments, identify emerging risks and opportunities, and develop strategies to stay ahead of the competition.
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Represent the company in industry events, conferences, and meetings to promote the company’s brand and establish the company as a thought leader in the financial institution sector
What You’ll Need for Success
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Bachelor’s degree in Business, Finance, or a related field; MBA or professional insurance designation preferred.
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At least 10 years of experience in complex property and casualty insurance, with a focus on financial institutions.
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Strong understanding of the insurance needs of financial institutions, including banks, credit unions, and investment firms.
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Demonstrated success in developing and executing a business plan to grow a book of business.
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Proven track record of building and maintaining strong client relationships.
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Exceptional leadership and communication skills, with the ability to motivate and manage a team.
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Strong analytical and problem-solving skills, with the ability to develop and implement innovative solutions to mitigate risk.
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Knowledge of underwriting principles and pricing methodology.
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Active participation in industry associations and organizations.
Why Choose HUB?
When you choose HUB, you’re choosing the largest insurance brokerage in Canada and 5th largest global insurance & employee benefits broker supported by over 17,000 professionals in 500 offices across North America. We offer an exciting, and friendly work environment that strategically positions you for longevity and offers significant advancement, growth, and success opportunities. You will be able to actively contribute to our track record of year-over-year growth fueled by innovative new products and services, mergers and acquisitions, and a great team of people. To read more about HUB, please visit https://www.hubinternational.com/en-CA/about-us/.
We’re committed to you and your well-being with a variety of benefits such as:
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Competitive compensation package including additional ways to earn income beyond the basics of base pay (referral incentive programs, bonus eligibility, etc.)
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A flexible hybrid environment and paid time off that allows for a work/life balance
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Robust and flexible benefits options that cater to your individual needs with a company RRSP match
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A commitment to your future via HUB-sponsored training, development & educational programs to enhance your industry knowledge and expertise, opportunities for tuition reimbursement
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Reimbursement of license fees and professional membership dues
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Perks and rebates on events, travel, and accommodations as well as discounted rates for personal home & auto insurance
Service is one of our founding values – not an abstract concept but a commitment. We believe that no one deserves that commitment more than our employees, clients, and the communities in which we all live and work. Each Regional HUB office chooses a local organization or cause and develops a project that will make a difference where it’s needed, from fighting disease to working with families in need, to improving the lives of senior citizens and youth.
HUB is strongly committed to diversity, equity, and inclusion in the workplace. We strive to foster an environment where our employees feel valued, seen, and heard, enabling everyone to succeed. We endeavor to make the selection process accessible to any and all users. Assistance and/or accommodation are available by request for candidates taking part in the selection process.
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Department Risk Management & Loss Control
Required Experience: 7-10 years of relevant experience
Required Travel: Up to 25%
Required Education: Bachelor’s degree (4-year degree)
Hi, we’re HUB.
In a rapidly changing world, we advise businesses and individuals on how to prepare for the unexpected.
When you partner with us, you’re at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support.
And this gives you the peace of mind that what matters most to you will be protected — through unrelenting advocacy and tailored insurance solutions that put you in control.
About HUB International
Headquartered in Chicago, Illinois, HUB International Limited (HUB) is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. From offices located throughout North America, HUB’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions. For more information, please visit hubinternational.com.
