At a Glance
- Tasks: Lead underwriting and pricing strategies for commercial products while ensuring best practices.
- Company: Join Brown & Brown UK, a rapidly growing company that values meritocracy and customer commitment.
- Benefits: Enjoy a hybrid work model and opportunities for career advancement in a supportive environment.
- Why this job: This role offers a chance to shape the future of underwriting in a dynamic team culture.
- Qualifications: 10+ years in UK commercial liability underwriting with leadership experience required.
- Other info: ACII qualification is advantageous; we embrace diversity and are an equal opportunity employer.
The predicted salary is between 43200 - 72000 £ per year.
Head of Underwriting, Commercial Schemes
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Head of Underwriting, Commercial Schemes
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Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
Head of Underwriting (Commercial Schemes)
Location: Bromley / hybrid
Salary: £negotiable
Camberford Underwriting, a valued & rapidly growing part of the Brown & Brown Group, are looking to recruit a Head of Underwriting to join our business. As a key member of the leadership team, you will be responsible for the account management for the Commercial products delivering the underwriting and pricing strategy in the UK . You will provide oversight and ensure best practice is achieved through embedded technical standards & controls.
This is a fantastic opportunity for an experienced underwriter to further develop their career in a senior position, with further opportunities for career advancement on offer as the business continues to evolve.
Responsibilities Will Include
- Responsibility for and oversight of underwriting, pricing and loss ratio performance
- Ensure loss ratio performance is within agreed targets for all Commercial products and schemes
- Deal with referrals from the trading team to ensure they win and retain business whilst delivering sustainable results
- Support the Underwriting Director by providing information and data for our carrier partners for monthly meetings and QBR’s
- Proactively support defining, implementing and overseeing our underwriting and pricing strategy
- Work with actuaries to monitor the development of open and closed underwriting years
- Oversight and involvement of all products from a technical underwriting perspective ensuring they meet their target market and deliver fair value
- Develop and manage technical and pricing controls
- Support the Governance team with internal/external audits and product governance
- Support the production of Board and ExCo packs as required including presenting when requested
- Adhere to all regulatory requirements and SMCR regime
- Provide learning material and take part in delivery of technical underwriting training
Job Knowledge, Skills & Experience Required
- Proven track record in underwriting leadership within an MGA, insurer or Lloyd’s environment
- 10 + years of UK commercial liability underwriting experience
- In depth knowledge and understanding of commercial lines underwriting
- Niche Scheme experience
- Policy wording drafting
- Experience of managing stakeholder relationships (i.e. insurer partners and 3rd party suppliers)
- Experience of implementing underwriting and pricing strategies
Advantageous
- Previous experience in the MGA market
- Understanding of the Commercial Scheme market
- Experience of contract negotiations
- Creation and delivery of underwriting training
- Data & Analytics skills
- ACII qualified (or working towards)
For more information please apply online or contact Dan Hurley.
We are an Equal Opportunity Employer. We take pride in the diversity of our team and seek diversity in our applicants.
Seniority level
-
Seniority level
Executive
Employment type
-
Employment type
Full-time
Job function
-
Job function
Finance and Sales
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Industries
Insurance
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Head of Underwriting, Commercial Schemes employer: Brown & Brown UK
Contact Detail:
Brown & Brown UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Underwriting, Commercial Schemes
✨Tip Number 1
Network with professionals in the underwriting and insurance sectors. Attend industry events or join relevant online forums to connect with others who may have insights into the Head of Underwriting role at Brown & Brown UK.
✨Tip Number 2
Research the company culture at Brown & Brown UK. Understanding their meritocratic approach and commitment to customer service can help you tailor your conversations during interviews to align with their values.
✨Tip Number 3
Prepare to discuss your experience with niche schemes and commercial lines underwriting in detail. Be ready to provide examples of how you've successfully implemented underwriting strategies in previous roles.
✨Tip Number 4
Familiarise yourself with the latest trends and challenges in the UK commercial insurance market. Being knowledgeable about current issues will demonstrate your expertise and readiness for the role.
We think you need these skills to ace Head of Underwriting, Commercial Schemes
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting leadership, particularly within the MGA or insurance sectors. Emphasise your 10+ years of UK commercial liability underwriting experience and any niche scheme expertise.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the commercial lines underwriting market. Discuss your experience with pricing strategies and stakeholder management, and explain why you are a great fit for the Head of Underwriting role.
Highlight Key Achievements: In your application, include specific examples of how you've successfully managed underwriting performance and implemented strategies that improved loss ratios. Use metrics where possible to demonstrate your impact.
Showcase Your Qualifications: Mention your ACII qualification or progress towards it, as well as any relevant training or certifications. This will reinforce your commitment to professional development and expertise in the field.
How to prepare for a job interview at Brown & Brown UK
✨Showcase Your Leadership Experience
As a candidate for the Head of Underwriting, it's crucial to highlight your leadership experience. Prepare specific examples of how you've successfully led teams in underwriting, managed stakeholder relationships, and implemented strategies that improved performance.
✨Demonstrate Technical Knowledge
Given the technical nature of this role, be ready to discuss your in-depth knowledge of commercial lines underwriting and niche schemes. Brush up on relevant regulations and best practices to show you’re well-versed in the field.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making process. Think about past challenges you've faced in underwriting and how you navigated them, particularly in relation to pricing strategies and loss ratio management.
✨Engage with Questions
At the end of the interview, have insightful questions prepared for your interviewers. This shows your genuine interest in the role and the company. Ask about their current underwriting strategies or how they envision the future of commercial schemes at Brown & Brown UK.