Underwriting Manager

JR United Kingdom; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

A leading company in the insurance sector seeks a senior underwriting leader to oversee commercial programs in London. The role involves managing underwriting performance, ensuring compliance, and supporting strategic initiatives. Candidates should possess extensive experience in commercial liability underwriting and strong leadership skills.

Qualifications

• 10+ years of UK commercial liability underwriting experience.
• Proven track record in underwriting leadership within an MGA, Insurer or Lloyd’s environment.
• In-depth knowledge of commercial lines underwriting.

Responsibilities

• Oversee underwriting, pricing, and loss ratio performance.
• Support the Underwriting Director with data for carrier partners.
• Ensure compliance with regulatory requirements.

Skills

Underwriting leadership

Commercial lines underwriting

Policy wording drafting

Data and analytics skills

Education

Dip CII

ACII (or working towards)

Job description

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Location: London

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:

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.