At a Glance
- Tasks: Lead underwriting strategies and ensure top-notch performance across commercial programmes.
- Company: Join Brown & Brown, a global leader in insurance with a collaborative culture.
- Benefits: Competitive salary, career growth, and the chance to shape the future of insurance.
- Other info: Be part of a rapidly growing team with exciting opportunities for professional development.
- Why this job: Make a real impact in a dynamic environment while advancing your career in insurance.
- Qualifications: 10+ years in UK commercial liability underwriting and strong leadership skills required.
The predicted salary is between 60000 - 80000 £ 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 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 achieve both personal and career success.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Manager
✨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 message can go a long way in getting your foot in the door.
✨Tip Number 2
Prepare for the interview by brushing up on your underwriting knowledge. Be ready to discuss your experience with commercial liability and how you can contribute to their growth strategy.
✨Tip Number 3
Showcase your leadership skills! Be prepared to share examples of how you've successfully managed underwriting teams and improved performance in previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed and you can access exclusive resources to help you ace the process.
We think you need these skills to ace Underwriting Manager
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 liability, as well as any specific achievements that align with the job description.
Craft a Compelling Cover Letter:Your cover letter should tell your story! Explain why you're passionate about underwriting and how your background makes you a perfect fit for Brown & Brown. Don’t forget to mention your experience with pricing strategies and loss ratio performance.
Showcase Your Skills:Don’t just list your skills; demonstrate them! Use examples from your past roles to show how you've successfully managed underwriting teams or improved processes. This will help us see your potential impact at Brown & Brown.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re serious about joining our team!
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. Be ready to discuss how you've managed these in past roles and how you plan to maintain them at Brown & Brown.
✨Showcase Your Leadership Skills
This role is all about leadership within the underwriting team. Prepare examples that highlight your experience in leading teams, managing portfolios, and driving results. Think about specific challenges you've faced and how you overcame them to achieve success.
✨Understand the Market
Familiarise yourself with the current trends in the commercial programs market and the MGA landscape. Being able to discuss recent developments or changes will show that you're not just knowledgeable but also proactive about staying informed.
✨Prepare for Technical Questions
Expect questions that dive deep into technical underwriting practices and policy wording. Review your knowledge of regulatory requirements and be prepared to discuss how you've ensured compliance in previous roles. This will demonstrate your readiness to support governance and audits effectively.
