New Vacancy: Underwriter - Property (UK & Multinational)
London Market Insurer
City of London
I am currently partnered with a London Market Insurer who are seeking an Underwriter to join their growing UK Property division.
This role will be Underwriting Property related risks, with a focus on UK Multinational business for a range of occupancies. You will be writing packaged Casualty risks in this role too.
My client is looking for an experienced UK Property or P&C/Commercial Combined Underwriter, with strong Broking contacts either in London or regionally, and the desire to write new business.
Key Responsibilities
- Deliver the underwriting strategy for the Property portfolio, supporting profitable growth in line with business objectives and underwriting appetite.
- Underwrite new and renewal business within delegated authority, applying sound technical judgement and strong commercial acumen.
- Assess complex risks by reviewing applications, financial information and supporting documentation to determine acceptability in line with underwriting guidelines and standards.
- Recommend appropriate pricing, terms, conditions and coverage enhancements based on detailed technical analysis and prevailing market conditions.
- Build, develop and maintain strong trading relationships with key brokers, acting as a trusted underwriting partner and identifying opportunities for profitable growth.
- Proactively develop new business opportunities while strengthening and expanding existing broker relationships across the market.
- Work collaboratively with the Senior Underwriting Leadership Team to deliver underwriting strategy and achieve portfolio objectives.
- Prepare quotations and respond to technical underwriting enquiries from brokers, internal stakeholders and business partners, escalating matters where appropriate.
- Clearly communicate underwriting decisions, including referrals, underwriting requirements, rate negotiations and declinatures, ensuring brokers understand the commercial rationale behind decisions.
- Monitor portfolio performance through analysis of quality, rate adequacy, exposure and profitability, providing insight and recommendations to support portfolio optimisation.
- Contribute to the ongoing development of underwriting appetite, products and trading strategy through technical expertise, market knowledge and underwriting insight.
- Represent the organisation within the broker community through regular broker meetings, market visits and industry networking events, promoting the company's proposition and values.
- Maintain a strong understanding of market trends, competitor activity, regulatory developments and emerging risks.
- Ensure all underwriting activity complies with regulatory, legal and governance requirements, as well as relevant policies and underwriting controls.
- Work closely with senior colleagues on risks exceeding delegated authority or requiring specialist technical input.
- Develop proficiency across all relevant underwriting systems and contribute to continuous improvement initiatives where appropriate.
- Undertake additional responsibilities and projects as required.
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Underwriter - UK Property (Commercial Combined) employer: HFG Insurance Recruitment
Join a leading reinsurance business in London, where you will be part of a dynamic team dedicated to compliance and financial crime prevention. With a strong focus on employee development, we offer opportunities for growth and advancement while fostering a collaborative work culture that values your expertise. Enjoy the unique advantage of working in one of the world's financial hubs, with the flexibility of a hybrid work model that promotes work-life balance.
