Development Underwriter / Senior Development Underwriter

Job Type:

Build a brilliant future with Hiscox
 

About Hiscox UK

Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs.

The Team

You will join an established and high performing team and bring your drive to contribute to our growth aspirations whilst driving your own relationships (internal & external) and pipeline.

The Role

Reporting to the Regional Manager, you will assist leading the profitable growth of the South Region Professions and Specialty Commercial business. In this role you will be responsible for driving the profitable growth within our strategic sectors. We are ideally looking for someone with experience writing Professional Indemnity insurance. You will be expected to trade and write all lines of business including MLP, Cyber, Property and Casualty to facilitate a package policy offering.

What you’ll be doing

• Being recognised as an experienced underwriter within your region by your brokers, owning a broker panel for development

• Underwriting larger, more complex commercial cases consistently and profitably

• Leading the setting and execution of the local underwriting strategy for your specialist area in conjunction with the Regional Manager and Regional Underwriting Manager

• Influencing the UK Product Heads on underwriting appetite and strategy

• Leading underwriting in your specialist area by taking referrals of more complex risks (possibly from outside the region)

• Leading underwriting and sales visits to larger clients and prospects

• Ensuring that the target retention rate for the region is achieved, handling some cases yourself

• Developing close, effective relationships with brokers to develop new opportunities to significantly contribute to the team new business targets

• Increasing submission & conversion numbers through large client prospecting

• Building product specific knowledge and sales skills amongst underwriters

• Understanding of the underwriting lifecycle including policy wordings, pricing & claims

• Understanding of pricing a risk and the factors that can affect pricing

• Good knowledge of the insurance market, industry, competitors, brokers and factors that can affect the market including soft/hard markets

Our must-haves:

• Strong experience of performing at a senior underwriter level.

• A strong track record trading with brokers to deliver growth in the Bristol region.

• A strong track record in making sound underwriting decisions, driving top and bottom-line growth.

• A deep understanding of the professional indemnity line of business.

• Strong communication, relationship management and interpersonal skills with demonstrable ability to effectively influence key stakeholders.

• Demonstrates a hunger for winning business.

• Able to make intelligent and innovative business decisions.

• An appreciation and understanding of legal and regulatory guidelines.

• Ideally ACII qualified or exempt through relevant experience as defined by the FCA.

Office Presence

• One day per month in Maidenhead.

• Expected to travel across the Bristol area as required.

Diversity and Hybrid working

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.

We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance. We anticipate the successful candidate for this role will be in our Bristol hub office or seeing brokers in the South-West up to 2-3 days per week. Once a month, we get together as a region in our Maidenhead or London office.

This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

Work with amazing people and be part of a unique culture