Commercial Underwriting Director

2 weeks ago


London, Greater London, United Kingdom Bunn Abbott Consulting Full time

Company Overview:

Bunn Abbott Consulting Limited is an established and award-winning MGA. As a key player in the insurance industry, we offer exciting opportunities for growth and development.

Job Description:

We are seeking an experienced Commercial Underwriting Manager to join our dynamic team. This role offers the opportunity to work in a fast-paced environment, collaborating with senior management and underwriters to develop and implement effective underwriting strategies.

Key Responsibilities:

  • Develop and maintain relationships with Capacity Providers and Third-Party Claims Suppliers.
  • Manage and maintain the sign-off of quotes, referrals into Capacity Providers, and claims indemnity queries.
  • Ensure FCA compliance by identifying and implementing changes, facilitating External Audits, Binder Breaches, Licence breaches, and Risk Register updates.
  • Collaborate with Data teams and actuaries to deliver monthly ULR analysis and reports.
  • Conduct internal audits of the Underwriting team, providing training and development support.

Requirements:

  • Previous underwriting experience on Core market products (UK commercial, trades, etc.)
  • Strong trading and negotiation skills
  • Awareness and understanding of Compliance rules
  • Familiarity with FCA Rules and their implementation
  • Sound knowledge of policy documentation and wordings
  • Application of underwriting skill and judgment
  • Working knowledge of market wordings and products
  • Understanding of the law as it relates to insurance
  • Good understanding of the broker environment and broker relationships

Benefits:

  • $80,000 - $110,000 per annum, depending on experience
  • Opportunities for professional growth and development
  • Diverse and inclusive work environment
  • Flexible working arrangements

Location: South England, up to the Midlands



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