Head of Underwriting

1 month ago


UK, UK, United Kingdom Bunn Abbott Consulting Full time

Our client is an established, award-winning, 5 stars (Insurance Times 2024) & A’ rated MGA. This particularly friendly, flexible & ambitious company is enjoying a period of fast growth making this a great time to join the company.


They are seeking a Head of Underwriting who will have responsibility for managing a team of home based UK Commercial/Trades Underwriters, whilst working in close collaboration with the MD, who the role reports directly to.


It is a particularly exciting time to join this established but fast growing, ambitious, engaging “family feel” team


Home based, with regular Broker meetings & team get togethers, the ideal candidate will be based in the South up to the Midlands and have extensive experience in Commercial and or Contractor/Tradesman Underwriting, coupled with team leadership or underwriting referral point experience.


The role:


  • Working in close collaboration with the Managing Director, Group Partners and Capacity Providers to develop and implement the agreed underwriting strategy and maintain responsibility for ensuring its delivery to achieve financial income, GWP and loss ratio objectives.
  • To maintain and manage the sign off of quotes over the authority levels of the individual underwriters and referrals into Capacity providers.
  • Taking ownership for working with their first line compliance to proactively identify and help manage through to implementation any changes to ensure FCA compliance is maintained including: facilitation of External Audits, Binder Breaches, Licence breaches, Risk Register updates
  • Accountable for assisting Third Party Claims Suppliers and Capacity providers with claims indemnity queries, ensuring any learning and development areas are shared with Underwriters.
  • Claims analysis and Large loss reviews, working with Data team and actuaries to deliver monthly ULR analysis and reports
  • Responsibility for internal Audit of the Underwriting team, which will include training and development, file audit and technical advice
  • Responsibility for ongoing updates of Underwriting Guides and Endorsement Library
  • Responsibility for ongoing review and updating of Policy Wordings, IPIDs and NTPs
  • Responsibility for technical performance of Scheme portfolio including annual audits and claims reviews
  • Contribute to ongoing systems updates and improvements in collaboration with Head of Commercial and IT


Requirements:

  • Previous underwriting experience on Core market products-UK commercial, trades etc
  • Strong Trading and negotiation skills
  • Awareness and understanding of Compliance rules
  • Awareness and understanding of the FCA Rules and how to comply with them
  • A sound knowledge of policy documentation and wording
  • Application of underwriting skill and judgment
  • A working knowledge of market wordings and products.
  • A working knowledge of the law as it relates to insurance
  • A good understanding of the broker environment and broker relationships
  • Commercial underwriting experience, or experience of dealing with commercial products in a broking environment
  • Ability to train or guide team members


Bunn Abbott Consulting Limited are acting as an Employment Agency in relation to this vacancy.


  • Senior Underwriter

    2 months ago


    UK, UK, United Kingdom Arkel Underwriting Full time

    Working as part of a dynamic underwriting team, you will work closely with the Head of Underwriting to underwrite existing portfolios whilst also assisting the business with the implementation of its underwriting strategy across the product suite, to deliver on both income and loss ratio targets as defined by the business.You will ensure the timely and...


  • London, UK, UK, United Kingdom Rokstone Underwriting Full time

    Job Title: Senior Delegated Authority Analyst Entity: Rokstone Underwriting Department: OperationsReports to: Head of Delegated Underwriting Authority Location: London/Hybrid Who We AreRokstone, part of the Aventum Group, is an established international underwriting MGA and approved Lloyd’s of London coverholder, where we also hold a Lloyd’s Box. With...

  • Head of Operations

    1 month ago


    UK, UK, United Kingdom Rokstone Underwriting Full time

    Job Title: Head of Operations - SpecialtyEntity: Rokstone Department: Rokstone UnderwritingReports to: Group Head of OperationsLocation: London/Hybrid / 3 days a week Who We AreRokstone, part of the Aventum Group, is an established international underwriting MGA and approved Lloyd’s of London coverholder, where we also hold a Lloyd’s Box. With innovation...

  • Senior Underwriter

    1 month ago


    UK, UK, United Kingdom Aston Charles Ltd Full time

    Financial Lines Development Underwriter (Top Insurer)JH-3136Attractive salary (Neg) plus market-leading bonus and benefitsWe are delighted to be partnering with this world-leading insurance company that is seeking a Development Underwriter within its highly successful Financial Lines team.This is arguably the most exciting insurer in the market right now;...

  • PI Underwriter

    2 weeks ago


    London, UK, UK, United Kingdom Optio Full time

    The PI Underwriter will underwrite UK, European and International Professional Indemnity business in line with our governance framework – this includes our own rules, principles and business strategy as well as the underwriting authorities and guidelines as set out by our capacity partnersResponsibilities:Grow the book sustainably and profitably with focus...

  • Underwriter

    3 weeks ago


    London, UK, UK, United Kingdom Sprk Capital Full time

    Sprk is the leading lender to SMEs engaged in Research and Development and Innovation. We are looking for an ambitious underwriter to join the team and help accelerate our business further.Sprk is a business founded by entrepreneurs for entrepreneurs. We fund some of the most exciting and cutting edge businesses in the UK, helping them invest in their...

  • Bordereaux Technician

    3 months ago


    UK, UK, United Kingdom Rokstone Underwriting Full time

    Job Title: Bordereaux Technician X2Entity: RokstoneDepartment: BDX ManagementReports to: Head of BDX ManagementLocation: London/HybridWho We AreRokstone, part of the Aventum Group, is an established international underwriting MGA and approved Lloyd’s of London coverholder, where we also hold a Lloyd’s Box. With innovation at our core, we go beyond the...

  • Senior Underwriter

    2 weeks ago


    London, UK, UK, United Kingdom April Mortgages Full time

    Think you’re ready to make an impact? Grow your career in the mortgage industry with April Mortgages and take a leading role in our ambitious expansion plans! At April Mortgages, our mission is to give people peace of mind throughout their home ownership journey. We think mortgages should be simple, so we’re designing modern products that are in it for...

  • Head of Reserving

    1 month ago


    UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a rapidly growing Lloyd's business to find them a Head of Reserving working closely with one of the market's most highly rated Chief Actuaries. This is a great opportunity to take ownership of a newly created role and make a huge impact from day one across their Re/Insurance books.Carrying out quarterly reserving, financial...


  • UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a global leader in Re/Insurance to find them a multi-line focused Pricing Actuary acting as essentially the deputy head of pricing. This is a great opportunity for someone with a London market pricing background to gain exposure to dozens of lines of business while working as one with hugely talented Underwriters. The role is broad but...


  • London, UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a global leader in Re/Insurance to find them a multi-line focused Pricing Actuary acting as essentially the deputy head of pricing. This is a great opportunity for someone with a London market pricing background to gain exposure to dozens of lines of business while working as one with hugely talented Underwriters. The role is broad but...


  • London, UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a leading Lloyd's player to find them an experienced pricing actuary in a newly created role. This is a great opportunity to report directly into the Head of Pricing, closely with underwriters and drive a large property book of business.Rapidly growing Lloyd's syndicate with a number of top business segments.Drive profitability...


  • UK, UK, United Kingdom Catalyst Property Finance Full time

    Head of National AccountsIn this newly created role, the Head of National Accounts at Catalyst Property Finance will oversee and manage relationships with the company's key national clients, including brokers, packagers, networks and clubs.This leadership role will focus on driving growth, ensuring client satisfaction, and maintaining the company's...


  • UK, UK, United Kingdom Bolton Associates Part time

    Portfolio Pricing Actuary - MGALondon Market MGA seeks a qualified actuary to look after the Portfolio Pricing, alongside the small, but growing, team. A dynamic and agile outfit in growth mode, your relationship building and strategic thinking skills are key, but also the ability to get involved in all aspects of portfolio pricing including:Pricing Support...


  • London, UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a highly profitable and growth centric syndicate to find them a Pricing Actuary focusing on both Reinsurance and direct business. This is great opportunity to help the Chief Actuary and Head of pricing expand the offering to a high calibre group of Underwriters through case pricing, building rating tools and portfolio steering. The...


  • UK, UK, United Kingdom Pavilion Recruitment Solutions Full time

    Senior Technician – Wholesale Lloyd’s BrokerSalary up to £55,000 (depending on experience)City of LondonAre you ready to take the next step in your career with one of the fastest-growing independent insurance brokers in the UK? Our client, a motivated and dynamic Lloyd’s Broker are seeking a Senior Technician to join their close-knit, high-performing...


  • UK, UK, United Kingdom Nine Twenty Recruitment Full time

    We are looking for a dynamic and strategic senior leader to join us as the Head of Customer Outcomes to help shape and enhance our customer journey across the insurance portfolio.The Role:As the Head of Customer Outcomes, you will lead the strategy and execution to improve customer experiences and drive positive business results across the insurance...


  • London, UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a global specialty insurer to find them an Actuarial Pricing Analyst to step in as a bridge between the pricing and underwriting teams. The role is not limited to but includes:Communicating regularly with the underwriting teams to demonstrate pricing support.Exposure to multiple lines of business.Collaborate with the wider business,...


  • London, UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have just partnered with a leading Lloyd's to find them a Senior Reserving Analyst to join their rapidly growing team, led by their Chief Actuary. This is an exciting opportunity to step into a senior position, taking on a mentoring role to junior analysts. Unlike traditional reserving roles, this role is very forward facing, sits closely with...


  • London, UK, UK, United Kingdom HFG Insurance Recruitment Full time

    We have partnered with a highly regarded and innovative Lloyd's syndicate. This is a unique opportunity for a Reserving Analyst to join a growing team at the forefront of developing in-house capabilities and contributing to impactful actuarial functions. The role includes but not limited to:Collaborating with the Head of Reserving and external...