Underwriting Manager in London

Underwriting Manager in London

London Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead underwriting strategies and ensure top-notch performance across commercial programmes.
  • Company: Join Brown & Brown, a leading global insurance broker with a vibrant team culture.
  • Benefits: Competitive salary, career growth opportunities, and a dynamic work environment.
  • Why this job: Make a real impact in the insurance industry while working with a talented leadership team.
  • Qualifications: 10+ years in UK commercial liability underwriting and proven leadership experience.
  • Other info: Be part of a rapidly growing company with exciting challenges and learning opportunities.

The predicted salary is between 48000 - 72000 £ per year.

Brown & Brown, Inc. is one of the largest insurance brokers globally, having in excess of $4.8bn revenue in 2024 by providing risk management solutions to help protect what our customers value most. We have experienced significant growth over the last 5 years both organic and inorganic and have recently achieved significant scale across Europe with ~3,500 teammates, 200+ offices.

Our Strategy is to double the size of the business by improving customer experience, growing organically and acquiring, accelerating knowledge and capabilities of teammates and using technology with purpose.

As a key member of the leadership team, you will be responsible for the portfolio management for the Commercial programs delivering the underwriting and pricing strategy. You will provide oversight and ensure best practice is achieved through embedded technical standards & controls. Working with the trading and claims teams you will monitor progress of the company business objectives. This will be primarily to ensure underwriting performance keeps within target loss ratios for all distribution channels whilst delivering our income budget.

Duties will include:

  • Responsibility for and oversight of underwriting, pricing and loss ratio performance
  • Ensure loss ratio performance is within agreed targets for all Commercial programs
  • 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 conduct regime
  • Provide learning material and take part in delivery of technical underwriting training

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
  • Policy wording drafting
  • Dip CII

Advantageous:

  • ACII (or working towards)
  • Previous experience in the MGA market
  • Understanding of the commercial programs market
  • Experience of carrier contract negotiations
  • Creation and delivery of underwriting training
  • Data and analytics skills

For more information please apply online or contact Dan Hurley.

Underwriting Manager in London employer: Brown & Brown UK

Brown & Brown UK is an exceptional employer, offering a dynamic work environment in the heart of London, where innovation and collaboration thrive. With a strong focus on employee growth, we provide extensive training opportunities and a supportive culture that encourages professional development. Join us to be part of a rapidly expanding team that values your contributions and offers competitive benefits, ensuring you can make a meaningful impact in the insurance industry.
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Contact Detail:

Brown & Brown UK Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Underwriting Manager in London

✨Tip Number 1

Network like a pro! Reach out to your connections in the insurance industry, especially those who work at Brown & Brown. A friendly chat can sometimes lead to insider info about job openings or even a referral.

✨Tip Number 2

Prepare for interviews by researching the company and its culture. Understand their recent growth and how you can contribute to their strategy. Tailor your answers to show how your experience aligns with their goals.

✨Tip Number 3

Don’t just wait for job postings! Keep an eye on our website and apply directly through it. This shows initiative and can help you stand out from the crowd of applicants.

✨Tip Number 4

Follow up after interviews with a thank-you note. It’s a simple gesture that keeps you fresh in their minds and shows your enthusiasm for the role. Plus, it’s a great way to reiterate your fit for the Underwriting Manager position!

We think you need these skills to ace Underwriting Manager in London

Underwriting Leadership
Commercial Liability Underwriting
Portfolio Management
Pricing Strategy
Technical Standards & Controls
Data Analysis
Policy Wording Drafting
Carrier Contract Negotiations
Underwriting Training Delivery
Regulatory Compliance
Actuarial Collaboration
Loss Ratio Management
Governance Support
Communication Skills

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Underwriting Manager role. Highlight your relevant experience in underwriting leadership and commercial lines, as well as any specific achievements that align with the job description.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role. Mention your 10+ years of experience and how you can contribute to Brown & Brown's growth strategy.

Showcase Your Skills: Don’t forget to highlight your data and analytics skills, as well as your understanding of commercial programs. These are key aspects of the role, so make them stand out in your application.

Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets the attention it deserves!

How to prepare for a job interview at Brown & Brown UK

✨Know Your Numbers

As an Underwriting Manager, you'll need to demonstrate a solid grasp of underwriting performance metrics. Brush up on key figures like loss ratios and pricing strategies, and be ready to discuss how you've managed these in your previous roles.

✨Showcase Your Leadership Skills

This role is all about leadership within the underwriting space. Prepare examples of how you've led teams, implemented best practices, and driven results. Highlight any experience you have in mentoring or training others in technical underwriting.

✨Understand the Market

Familiarise yourself with the current trends in the commercial programs market and the MGA landscape. Be prepared to discuss how these trends could impact the company's strategy and your approach to underwriting.

✨Prepare for Technical Questions

Expect to face technical questions related to underwriting standards and controls. Review your knowledge of policy wording drafting and data analytics skills, as these will likely come up during the interview. Being able to articulate your thought process will set you apart.

Underwriting Manager in London
Brown & Brown UK
Location: London
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