MISSION UNDERWRITING MANAGERS
' s programme model for insurance underwriting
assembled , called Mission Corporate , which provides the expertise and support needed to onboard new partners . Then you have the series partners themselves working within their separate entities , like satellites in orbit . Higdon started his career in consulting , primarily with Marsh Risk Consulting , before spending 16 years with the third-party administrator Sedgwick . Later , he worked a number of executive roles for Chubb including as President of Chubb ’ s third-party administrator ESIS immediately prior to joining Mission .
He says that everybody involved with Mission has brought together their frustrations of working within larger organisations and created something better . “ All of us came from large , bureaucratic companies where it was very difficult to get things done ,” Higdon says . “ It was also very difficult for you to really share in the value that you were creating for that organisation .”
A structure that empowers underwriting teams Mission uses its operating model to engender an entrepreneurial spirit and empower series to take ownership for their own business . The result is a flat organisation that is able to stay nimble , on the right rails in terms of regulation , but at the same time liberated from approval processes and weekly meetings – the scourge of corporate life .
Each series operates independently , meaning they ’ re well insulated against other parts of the programme . “ We ' ve all been in that situation where our department did extremely well , but maybe the rest of the company didn ' t , and we all had to pay a price for that ,” Higdon recalls . “ Our goal is to make sure that they ' re focused on building their entity and reaping the rewards of that rather than having to worry about what others in the organisation are doing .
50 August 2022