President and Chief Executive Officer

Job Description

A provider of lawyers’ malpractice insurance is seeking a President and Chief Executive Officer (CEO). The President and CEO will oversee all facets of the organization and communicate effectively with the board of directors and all levels of regulatory agencies. As the executive leader, the successful candidate will be tasked with refining and implementing the organization’s comprehensive strategy, encompassing target market definition, strategic objectives, new products and services, processes, procedures, controls, and marketing strategy. The President and CEO's key responsibilities include negotiating reinsurance treaties, determining retained risk, supervising and collaborating with the leadership team, and serving as an ex officio on board committees. Additionally, the executive is responsible for applying well-grounded underwriting standards, claims management, and effective sales and marketing functions. The President and CEO encourages and nurtures the professional development of the executive staff, who are focused on achieving corporate objectives consistent with the organization’s mission. This is a retained search.

Responsibilities

• Lead the comprehensive development of the organization’s mission, values and strategic objectives in collaboration with the board of directors. Interpret and communicate these elements to ensure organization-wide understanding and commitment.
• Foster alignment across all departments and teams to integrate the strategic vision into all aspects of operations.
• Oversee the formulation and implementation of annual financial plans, short-term and long-term goals, policies, and cross-functional processes.
• Conduct thorough analyses of financial and operational performance, comparing the results to objectives.
• Provide regular progress updates to the board to ensure accountability and alignment with strategic goals.
• Proactively identify areas for improvement, implement strategies and recognize exceptional performance.
• Develop and mentor a high-performing leadership team with strong integrity and strategic acumen.
• Ensure talent alignment with organizational needs and foster a culture of excellence and accountability.
• Champion professional development initiatives and promote a culture of succession planning.
• Lead by example by promoting ethical business practices, customer responsiveness, and a culture of service, innovation and continuous improvement.
• Establish and maintain robust communication channels for transparent and effective internal and external communication.
• Foster open dialogue, encourage feedback and ensure timely dissemination of relevant information.
• Promote a culture of trust and transparency among all stakeholders.
• Ensure all stakeholders, including employees, customers, strategic partners and regulatory bodies, are well informed and engaged with the organization’s activities and direction.
• Support the board chair in all aspects of board management, including board committee work, training, evaluation, recruitment, and meeting and retreat preparation.
  
  

Requirements

• 10+ years of senior leadership experience at a property and casualty insurance company
• 20+ years of professional work experience
• Expertise in professional liability insurance (preferred)
• Experience in lawyers’ professional liability insurance (preferred)
• Profit and loss experience (preferred)
• Proven accountability for profitable results
• Experience working with or exposure to working with a board of directors
• Bachelor’s degree; advanced degree (preferred)