At a Glance
- Tasks: Underwrite Professional Indemnity risks and manage a diverse portfolio.
- Company: Rapidly expanding MGA with ambitious growth plans.
- Benefits: Competitive salary, flexible hybrid model, and clear career progression.
- Other info: Join a dynamic team and work closely with experienced professionals.
- Why this job: Gain exposure to complex risks and shape a developing portfolio.
- Qualifications: 3-5 years of PI underwriting experience in the London Market.
The predicted salary is between 48000 - 60000 £ per year.
We are working with a rapidly expanding MGA that has experienced significant growth and has ambitious plans for the continued development of its Professional Indemnity portfolio. As part of that growth, the business is looking to appoint a technically strong Professional Indemnity Underwriter to work closely with the Head of PI. This is a high visibility role offering exposure to complex risks, portfolio development and senior underwriting decisions. It would suit an underwriter who wants greater technical responsibility and long term progression within a growing London Market business.
The emphasis of this position is on strong underwriting judgement, technical analysis and disciplined portfolio management. While established relationships with London Market brokers will be valuable, this is not primarily a business development or relationship management role.
The Role
You will support the underwriting and continued development of a profitable Professional Indemnity portfolio, handling both new and existing business across a range of professional sectors. Key responsibilities will include:
- Underwriting new business, renewals and mid-term adjustments across a varied PI portfolio
- Assessing risks through detailed analysis of proposal information, financial accounts, claims history and sector-specific exposures
- Reviewing policy wordings, endorsements, exclusions and coverage requirements
- Making sound underwriting decisions within delegated authority
- Preparing clear and detailed referrals for risks falling outside agreed authority levels
- Handling more complex or unusual cases in conjunction with the Head of PI
- Supporting the development of pricing, appetite and underwriting strategy
- Monitoring portfolio performance, loss trends and emerging risk exposures
- Ensuring risks are written in line with underwriting guidelines, capacity requirements and commercial objectives
- Maintaining accurate underwriting records and supporting audit, compliance and governance requirements
- Working constructively with London Market brokers to obtain the information required to assess and progress risks
- Providing technical guidance and responding to coverage or policy queries
- Contributing to the continued development of the PI product offering as the portfolio grows
About You
We are looking for a technically capable PI Underwriter with experience gained within an insurer or MGA environment. To be considered, you should have:
- Approximately three to five years of Professional Indemnity underwriting experience
- Experience underwriting PI risks within the London Market
- A strong understanding of PI policy wordings, coverage, claims exposures and risk factors
- Experience assessing financial information, claims history and professional sector exposures
- A disciplined and analytical approach to underwriting
- Experience working within delegated authority and referral structures
- The ability to make balanced underwriting decisions based on both technical and commercial considerations
- Strong attention to detail and accurate record keeping
- Confident communication skills when dealing with brokers and internal stakeholders
- An established network of London Market broker contacts, or regular experience trading with London brokers
You do not need to be a pure business development underwriter. The priority is technical capability, sound judgement and the ability to contribute to the profitable development of the portfolio.
Why Join?
This role offers the opportunity to:
- Work directly with an experienced Head of PI
- Gain exposure to complex and varied Professional Indemnity risks
- Play an important role in shaping a developing portfolio
- Take on increasing authority and technical responsibility
- Join a business with significant growth plans
- Build a clear route toward senior underwriting or portfolio leadership
- Work within a flexible hybrid model
The salary for this position is between £50,000 and £70,000, depending on experience, alongside a competitive benefits package.
To be considered, please submit a complete and up-to-date CV clearly outlining your Professional Indemnity underwriting and London Market experience.
Underwriter in London employer: Carlton Young Recruitment
As a Claims Handler at our esteemed firm, you will thrive in a dynamic work environment that values technical expertise and exceptional client service. We offer competitive salaries, comprehensive benefits, and ample opportunities for professional growth, all while being part of a supportive team that fosters collaboration and innovation in the marine insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Carlton Young Recruitment). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Carlton Young Recruitment. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Carlton Young Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Carlton Young Recruitment. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Carlton Young Recruitment
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Carlton Young Recruitment to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Carlton Young Recruitment, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Carlton Young Recruitment's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
