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- 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 proven leadership experience required.
- Other info: ACII qualification is advantageous; we embrace diversity and encourage all applicants.
The predicted salary is between 43200 - 72000 £ per year.
Join to apply for the Head of Underwriting, Commercial Schemes role at Brown & Brown UK.
Built on meritocracy, our unique company culture rewards self-starters and those who are committed to doing what is best for our customers.
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.
Head of Underwriting, Commercial Schemes employer: HFIS group
Contact Detail:
HFIS group 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 Brown & Brown UK thoroughly. Understand their company culture, values, and recent developments in the commercial schemes market to tailor your approach and demonstrate your genuine interest during any discussions.
✨Tip Number 3
Prepare to discuss your experience in managing stakeholder relationships and implementing underwriting strategies. Be ready to provide specific examples that showcase your leadership skills and how they align with the responsibilities of the role.
✨Tip Number 4
Stay updated on current trends and challenges in the commercial lines underwriting sector. This knowledge will not only help you in interviews but also position you as a thought leader who can contribute to the company's success.
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 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, and your experience in delivering technical underwriting training. This shows your commitment to professional development and adds value to your application.
How to prepare for a job interview at HFIS group
✨Showcase Your Leadership Experience
As a candidate for the Head of Underwriting position, 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
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 are 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 could include inquiries about the company's future direction in underwriting or how they measure success in their commercial schemes. It shows your genuine interest in the role and the company.
