Job Purpose:
Brown & Brown Europe are looking to recruit an Underwriting Director, to focus on our Property Underwriting division. As a key member of the senior leadership team, you will be responsible for setting underwriting and pricing strategy across our personal and commercial lines property portfolios in the UK & Ireland.
You will provide direction and 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 set by the board. This will be primarily to ensure underwriting performance keeps within target loss ratios for all distribution channels whilst delivering our income budget.
This is a senior leadership position with room for growth. We are offering a competitive salary package with industry-leading benefits, and will also accommodate hybrid working, with 3 days per week to be spent in our offices in either London or Basildon.
Responsibilities:
- Responsibility for and oversight of underwriting, pricing and loss ratio performance
- Relationship lead for our carrier partners with responsibility for monthly meetings and QBR’s
- Define and implement our underwriting and pricing strategy
- Work with actuaries to monitor the development of open and closed underwriting years
- Oversight and sign off of all products from a technical underwriting perspective
- Manage technical and pricing controls
- Support the Governance team with internal/external audits and product governance
- Produce Board and ExCo packs as required including presenting when requested
- Adhere to all regulatory requirements and SMCR regime
- Sponsor and take part in delivery of technical underwriting training
Job Knowledge, Skills and Experience:
Required
- Proven track record in senior underwriting leadership within an MGA, insurer or Lloyd’s environment
- 10 + years of UK property underwriting experience
- In depth knowledge and understanding of personal &/or commercial lines underwriting (ideally both)
- Non standard home &/or real estate experience
- Policy wording drafting
- Experience of managing stakeholder relationships (i.e. insurer partners and 3rd party suppliers)
- Experience of creating and implementing underwriting and pricing strategies
- ACII qualified
Advantageous
- Previous experience in the MGA market
- Understanding of the non-standard home and real estate markets
- Experience of contract negotiations
- Creation and delivery of underwriting training
- Knowledge and experience of writing business in Southern Ireland
- European underwriting experience
- Data & Analytics skills
For more information please apply online or contact Dan Hurley.