Paul Thorniley

WORK HISTORY

SKILLS

ABOUT PAUL THORNILEY

Over 30 years experience in both Commercial & Personal Lines General Insurance Main expertise is in setting up and managing Delegated Binding Authority AgreementsExtremely experience in managing all aspects of the Agency Tree including both Composite & Lloyd’s Capacity Placement and Retail, Wholesale and Affinity DistributionKey Skills:Drafting, placing and managing all classes of Binders MGA, MGU, DA, DAPDR & PS together with Bulking Lineslips through both direct Coverholder placement and for Third Party CoverholdersEnd-to-end Proposition Management through Customer Journey Mapping, Market Research with Distribution Channels / End Consumer, Competitor Analysis, Product Design, Product Governance, Implementation / Underwriter Training and Soft/Full Launch. Also undertaking post-launch reviews, quarterly/half-yearly/annual reviews and all ongoing management of facilitiesLloyd’s Binder Management Functions – ATLAS, BARS, Xchanging Registration and Setting LPAN’s Internal Agent of the Insurer Audits, external Insurer & Lloyd’s Audits including pre-audit Compliance documentation Issuance & Control of Underwriting & Claims Licences Acting as Security Officer CDD, PEPs & Sanctions Checking Managing & Controlling Open Market Insurer Placement and the setting up of Agencies and negotiating TOBAs Co-ordinating Wholesale Distribution via Producing Brokers through on-boarding, continued Due-Diligence & TOBA control Full management of AR & IAR networks again through on-boarding, continuous due-diligence (inc audits for ARs) Overall management of the Agency Tree through co-ordination of all layers of Placement & Distribution to ensure KYC is known, documented and accounted for Management of FCA CASS rules throughout the Agency Tree ensuring adherence to requirements surrounding non-RT, RT, CRT & MRT Insurer Relationship Management Co-Ordination of MI production & interpretation Implementation of Chinese Walls to ensure no dual-agency Conflicts of Interest