At a Glance
- Tasks: Assess and price Marine Professional Indemnity risks while building strong client relationships.
- Company: Join a dynamic team at Pen, backed by Gallagher, transforming the insurance landscape.
- Benefits: Enjoy 25+ days holiday, life insurance, health plans, and employee stock options.
- Other info: Inclusive culture with opportunities for mentorship and professional development.
- Why this job: Make a real impact in marine insurance with innovative solutions and career growth.
- Qualifications: Experience in marine underwriting and strong analytical skills required.
The predicted salary is between 50000 - 65000 € per year.
At Pen, we don’t just underwrite risk, we unlock possibility. We’re a dynamic underwriting and distribution business backed by the strength of Gallagher and powered by a belief that every challenge has a solution. With entrepreneurial energy, niche expertise, and a bold growth mindset, we’re transforming what it means to be an MGA in today’s insurance landscape. Whether you’re shaping new products, solving complex problems, or collaborating across teams, your ideas and initiative will help deliver smarter solutions for our clients—and move the industry forward.
We are looking to recruit an Underwriter or Senior Underwriter to join our Marine Professional Indemnity team, based in our London office. Our Marine Division is a fast‑paced, collaborative group of dynamic professionals who are all driven to succeed. You will be responsible for the review and pricing of Marine Professional Indemnity business. The role requires deep sector knowledge, strong analytical judgement and the ability to build and maintain high‑value broker and client relationships, while contributing to strategic portfolio growth and profitability.
How you'll make an impact:
- Assess, price and underwrite complex Marine Professional Indemnity risks in accordance with company guidelines and market conditions.
- Analyse technical documentation, risk particulars, loss records, surveys and financial information to make informed underwriting decisions.
- Structure policy terms, conditions and endorsements tailored to client needs and risk appetite.
- Maintain underwriting discipline and ensure compliance with internal controls, regulatory standards and delegated authority levels.
- Manage a renewable book of business, ensuring profitability and alignment with strategic objectives.
- Monitor performance metrics, identify loss trends and propose corrective actions to improve results.
- Contribute to the development of underwriting strategy, pricing models and product enhancements.
- Build and maintain strong relationships with brokers, clients, capacity providers and industry partners.
- Represent the company at market meetings, broker visits and industry events.
- Identify new opportunities and support sustainable growth initiatives within the marine segment.
- Serve as a subject matter expert for internal teams and stakeholders.
- Provide mentorship, technical guidance and training to junior underwriters and support staff.
- Lead complex account negotiations and support large or strategic placements.
- Work closely with the claims team and support staff to ensure holistic risk understanding.
- Participate in internal underwriting committees, audits and portfolio reviews.
About You:
- Underwriting experience within marine insurance (preferably liability).
- Strong understanding of maritime operations, vessel types, supply chain risks and global marine markets.
- Proven track record of profitable underwriting.
- Excellent analytical, problem solving, negotiation and decision‑making skills.
- Established broker relationship management.
- High attention to detail and compliance discipline.
- Right to work in the UK.
On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits:
- Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days.
- Defined contribution pension scheme, which Gallagher will also contribute to.
- Life insurance, which will pay 4x your basic annual salary, which you can top‑up to 10x.
- Income protection, we’ll cover up to 50% of your annual income, with options to top up.
- Health cash plan or Private medical insurance.
- Three fully paid volunteering days per year.
- Employee Stock Purchase plan, offering company shares at a discount.
- Share incentive plan, HMRC approved, tax effective, stock purchase plan.
- Critical illness cover.
- Discounted gym membership, with over 3,000 gyms nationally.
- Season ticket loan.
- Access to a discounted voucher portal to save money on your weekly shop or next big purchase.
- Emergency back‑up family care.
Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities.
Underwriter – Freeboard Maritime – Marine Professional Indemnity employer: Arthur J. Gallagher & Co. (AJG)
At Pen, we pride ourselves on being an exceptional employer, offering a vibrant work culture that fosters innovation and collaboration. Our London office is not only a hub for marine insurance expertise but also provides ample opportunities for professional growth, competitive benefits, and a commitment to diversity and inclusion. Join us to be part of a dynamic team where your contributions will directly impact the future of underwriting in the marine sector.
Contact Detail:
Arthur J. Gallagher & Co. (AJG) Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter – Freeboard Maritime – Marine Professional Indemnity
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join online forums. The more people you know in the marine insurance world, the better your chances of landing that underwriter role.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with potential employers or at networking events, don’t hold back on sharing your knowledge about marine operations and underwriting. It’ll set you apart from the crowd.
✨Tip Number 3
Prepare for interviews by researching the company and its culture. Understand their approach to underwriting and be ready to discuss how your skills can contribute to their goals. We want to see your passion for innovation and problem-solving!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining our team at Pen. Don’t miss out on this opportunity to unlock your potential with us!
We think you need these skills to ace Underwriter – Freeboard Maritime – Marine Professional Indemnity
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Underwriter role. Highlight your marine insurance experience and any relevant skills that match the job description. We want to see how you can bring your unique expertise to our team!
Showcase Your Analytical Skills:Since this role involves assessing complex risks, be sure to include examples of your analytical judgement in your application. Share specific instances where your decision-making led to successful outcomes. We love seeing how you tackle challenges!
Highlight Relationship Management:Building strong relationships is key in underwriting. Mention your experience with brokers and clients, and how you've maintained those connections. We value collaboration and want to know how you can contribute to our dynamic team!
Apply Through Our Website:We encourage you to submit your application through our website for a smoother process. It’s the best way for us to receive your details and get you into our system quickly. Plus, it shows you're keen on joining our innovative team at Pen!
How to prepare for a job interview at Arthur J. Gallagher & Co. (AJG)
✨Know Your Marine Stuff
Make sure you brush up on your knowledge of marine insurance, especially around Professional Indemnity. Understand the key risks, vessel types, and market trends. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨Showcase Your Analytical Skills
Prepare to discuss how you've used analytical judgement in past roles. Think of specific examples where your decision-making led to successful outcomes. Being able to articulate your thought process will impress the interviewers and demonstrate your fit for the underwriting role.
✨Build Rapport with Brokers
Since relationship management is crucial, think about how you can convey your experience in building strong broker relationships. Share stories that highlight your negotiation skills and how you've maintained these connections over time. This will show that you understand the importance of collaboration in underwriting.
✨Be Ready for Scenario Questions
Expect to face scenario-based questions that test your problem-solving abilities. Prepare by thinking through potential underwriting challenges and how you would approach them. This will help you demonstrate your strategic thinking and ability to contribute to portfolio growth.
