Head of Underwriting, Commercial Schemes (Bromley)
Head of Underwriting, Commercial Schemes (Bromley)

Head of Underwriting, Commercial Schemes (Bromley)

London Full-Time 48000 - 84000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead underwriting and pricing strategy 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.
  • Why this job: This role offers a chance to shape the future of underwriting in a dynamic environment.
  • Qualifications: 10+ years in UK commercial liability underwriting with leadership experience required.
  • Other info: ACII qualification is advantageous; we embrace diversity in our team.

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 QBRs
  • 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 Lloyds 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 levelExecutive

Employment type

  • Employment typeFull-time

Job function

  • Job functionFinance and Sales
  • IndustriesInsurance

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Head of Underwriting, Commercial Schemes (Bromley) employer: Brown & Brown UK

At Brown & Brown UK, we pride ourselves on fostering a meritocratic culture that empowers self-starters and prioritises customer satisfaction. Located in Bromley, this role offers not only competitive remuneration but also significant opportunities for professional growth within a rapidly expanding team, ensuring that your contributions are recognised and rewarded. Join us to be part of a dynamic environment where your expertise in underwriting can flourish and make a meaningful impact.
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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 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 latest trends in commercial lines underwriting and pricing strategies. Being knowledgeable about current market conditions will help you stand out during discussions with potential employers.

✨Tip Number 3

Prepare to discuss your experience with stakeholder management and how you've successfully implemented underwriting strategies in previous roles. Real-life examples will demonstrate your capability for this senior position.

✨Tip Number 4

Familiarise yourself with the specific products and schemes offered by Brown & Brown UK. Understanding their portfolio will allow you to tailor your conversations and show genuine interest in their business.

We think you need these skills to ace Head of Underwriting, Commercial Schemes (Bromley)

Leadership in Underwriting
Commercial Liability Underwriting
Technical Underwriting Expertise
Pricing Strategy Development
Stakeholder Relationship Management
Policy Wording Drafting
Data Analysis and Analytics
Regulatory Compliance Knowledge
Training and Development Skills
Contract Negotiation
Experience in the MGA Market
Understanding of Commercial Scheme Market
Loss Ratio Management
Actuarial Collaboration

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your relevant experience in underwriting leadership, particularly within the MGA or insurer environments. Emphasise your 10+ years of UK commercial liability underwriting experience and any niche scheme expertise.

Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Discuss how your skills align with their needs, particularly in implementing underwriting and pricing strategies, and managing stakeholder relationships.

Showcase Your Achievements: Use specific examples to demonstrate your track record in achieving loss ratio performance targets and your experience in drafting policy wording. Quantify your achievements where possible to make a stronger impact.

Highlight Continuous Learning: Mention any relevant qualifications, such as being ACII qualified or working towards it. Also, discuss your commitment to professional development, especially in delivering technical underwriting training.

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 in underwriting. Prepare specific examples of how you've successfully led teams, managed stakeholder relationships, and implemented strategies that improved performance.

✨Demonstrate Technical Knowledge

Be ready to discuss your in-depth knowledge of commercial lines underwriting and niche schemes. Brush up on relevant regulations and best practices, as well as any recent changes in the industry that may impact underwriting strategies.

✨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 Data and Analytics

Since data and analytics skills are important for this role, be prepared to discuss how you've used data to inform your underwriting decisions. Highlight any experience you have working with actuaries or using analytical tools to monitor performance and develop strategies.

Head of Underwriting, Commercial Schemes (Bromley)
Brown & Brown UK

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