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: Diversity is celebrated here; we encourage applicants from all backgrounds.
The predicted salary is between 48000 - 84000 £ 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
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Job function
Finance and Sales
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Industries
Insurance
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Head of Underwriting, Commercial Schemes (Bromley) 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 (Bromley)
✨Tip Number 1
Network with professionals in the insurance industry, especially those who have experience in underwriting and commercial schemes. Attend industry events or join relevant online forums to connect with potential colleagues or mentors who can provide insights into the role.
✨Tip Number 2
Familiarise yourself with the latest trends and challenges in the commercial insurance market. Being knowledgeable about current issues will help you stand out during interviews and demonstrate your commitment to the field.
✨Tip Number 3
Prepare to discuss your previous experiences in underwriting leadership and how they relate to the responsibilities of the Head of Underwriting role. Be ready to share specific examples of how you've successfully implemented underwriting strategies or managed stakeholder relationships.
✨Tip Number 4
Research Brown & Brown UK’s company culture and values. Understanding their focus on meritocracy and customer commitment will allow you to tailor your approach and show how you align with their mission during the interview process.
We think you need these skills to ace Head of Underwriting, Commercial Schemes (Bromley)
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 role and the company culture at Brown & Brown UK. Mention specific examples of how you've successfully implemented underwriting and pricing strategies in the past.
Highlight Key Skills: In your application, clearly outline your skills in data and analytics, policy wording drafting, and stakeholder relationship management. These are crucial for the Head of Underwriting position.
Showcase Leadership Experience: Since this is a senior role, be sure to include examples of your leadership experience, particularly in managing teams and delivering training. This will demonstrate your capability to support the Governance team and provide learning material.
How to prepare for a job interview at Brown & Brown UK
✨Showcase Your Leadership Experience
As a candidate for the Head of Underwriting position, 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 loss ratio performance and pricing strategies.
✨Engage with Questions
At the end of the interview, have insightful questions prepared for your interviewers. This shows your genuine interest in the company and the role. Ask about their current underwriting strategies or how they envision the future of commercial schemes at Brown & Brown UK.