Matthew O'Leary has over 25 years of experience in the insurance industry. He has held several director and senior executive roles at various insurance brokers, where he specialized in property and casualty insurance. Some of his responsibilities included developing insurance products, maintaining relationships with insurers, and placing business into markets like Lloyd's of London. He also has experience advising firms on business strategy and compliance. Currently, he is the Director of his own consulting firm focused on the insurance sector.
1. Matthew O’Leary
Address: 110 Crowstone Road, Chalkwell, Essex SS0 8LQ Mob: 07903 267396 Email: matthew.r.oleary@icloud.com
PERSONAL PROFILE
An influential, innovative and results-driven Account Executive and Broker with clear commercial vision, outstanding
product development skills, and a proven track record of assessing client risk and requirements, negotiating retail
and wholesale insurance solutions, and improving the business performance of leading insurance brokers
CAREER & ACHIEVEMENTS TO DATE
Director 2013-date
MOL Consultants Limited
KEY ACHIEVEMENTS
♦ Director of MOL Consultants Ltd, an independent insurance broker specialising in SME retail & wholesale business
♦ Provided in-house expertise in property and casualty insurance, and offered a variety of freelance broker services
♦ Held delegated underwriting authority on commercial insurance binding authority’s business
♦ Designed and marketed bespoke insurance products and provided new solutions for independent insurance claims
♦ Developed a new bespoke product, Safeguard Liability, to protect companies against wrongful allegations of abuse
♦ Consultant to Deloitte, developing a commercial claims complaints handling system for the Financial Ombudsman
♦ Consultant to PricewaterhouseCoopers on the design and creation of commercial insurance underwriting systems
♦ Advised new insurance enterprises on business strategy & plans, infrastructure, international markets & locations
Account Executive & Broker 2012-2013
Lime Street Insurance Brokers
KEY ACHIEVEMENTS
♦ Account Executive and Broker at Lime Street Insurance Brokers, contributing to business strategy and objectives
♦ Developed business plans and high level reviews of potential business streams on a wholesale and a direct basis
♦ Maintained and grew a portfolio of insurers to provide the client base with extensive options re coverage and price
♦ Established Terms of Business Agreements (TOBA) with underwriters including both Lloyds & non-Lloyds markets
♦ Placed business into the Lloyds and London markets, including wholesale energy, casualty and property insurance
♦ Liaised closely with clients to identify individual insurance requirements & design the optimum insurance solution
♦ Conducted due diligence on new cover holders resulting in tribunalisation with the Lloyds market where applicable
♦ Devised & delivered client presentations resulting in potential revenue streams ranging from £5,000 to £500,000
♦ Chaired management meetings to discuss current business streams, marketing, compliance issues & internal KPIs
Director 2009-2012
MOL Consultants Limited
KEY ACHIEVEMENTS
♦ Director of MOL, independent British insurance consultants operating under the umbrella of Lloyds broking houses
♦ Audited cover holders to ensure compliance with holding insurers terms & conditions, and current FCA guidelines
♦ Established excellent working relationships with key Lloyds syndicates and international insurers across the globe
♦ Rapidly expanded & maintained a network of contacts across the UK & Ireland as part of the distribution pipeline
♦ Liaised with MGAs, brokers, financial institutions, solicitors, claims management firms and outsourcing companies
2. CAREER & ACHIEVEMENTS TO DATE (continued)
Senior Non Marine Wholesale Broker 2008-2009
Culver Insurance Brokers
KEY ACHIEVEMENTS
♦ Senior Non-Marine Wholesale Broker at Culver, tasked with developing the London Market UK Wholesale operation
♦ Designed & delivered presentations to £multimillion UK-based insurers as well as to the Lloyds of London market
♦ Secured TOBAs with key syndicates and MGAs, doubling the panel of insurers and providing new business classes
Senior Non-Marine Account Executive & Broker 2005-2008
Norman Butcher & Jones Ltd, Lloyds Insurance Brokers
KEY ACHIEVEMENTS
♦ Senior Executive and Broker at Norman Butcher & Jones, delivering a revenue stream of approximately £4 million
♦ Gained international casualty and property business for placement onto the Lloyds and London insurance markets
♦ Managed, developed and motivated a team of 6 account handlers, measuring performance against KPIs and SLAs
♦ Produced business plans and reviews of business streams to increase bespoke facilities and improve commissions
♦ Won & maintained client accounts, offering an excellent confidential service, and hosting client & insurer meetings
♦ Checked cover holder internal procedures prior to arranging Lloyds cover holder status & issuing policy documents
♦ Implemented Binding Authorities including adherence to FSA procedures, and producing wording & rating matrix
♦ Held delegated underwriting authority, thus offering a more expedient service that resulted in a boost to revenues
♦ Controlled the division budget, prioritised workloads & forward planned, and operated insurance software systems
♦ Delivered £500,000 Gross Written Premium in year one of trading on a binding authority, renewing the next year
EARLY CAREER
♦ Wholesale Facilities Broker with Drumm Group, a privately owned insurance brokers 2001-2005
♦ Senior Energy Claims Broker and Technician with AON, a risk management and insurance company 1997-2000
♦ Marine Claims Technician, creating claim files and updating records at Fenchurch Insurance Brokers 1995-1997
♦ Served as an Underwriters Assistant, providing support for Highway Motor Policies at Lloyds 1993-1995
SKILLS & KEY COMPETENCIES
Exceptional retail and wholesale insurance
expertise
Charismatic, innovative and highly influential
leader
Vast understanding of property & casualty
insurance
Strategic & tactical thinker with clear business
vision
Extensive client & stakeholder relationship
expertise
Shrewd and incisive decision-maker/problem-
solver
Notable business strategy and development
prowess
Highly organised with meticulous attention to
detail
Comprehensive risk assessment & control
expertise
Inherent drive, flair and readiness for a challenge
Strong change & performance management
acumen
Calm, confident & assured in pressurised
situations
Excellent leadership, training and team building
skills
Natural ability to engage across all levels /
cultures
3. Outstanding communication and negotiation
prowess
Professionalism, pragmatism & integrity at all
times
REFERENCES
References available on request