Job Description
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.
Underwriter - UK Property (Commercial Combined) in London employer: High Finance (UK) Limited T/A HFG
Join a leading London Market Insurer that values its employees and fosters a collaborative work culture. With a strong focus on professional development, you will have ample opportunities to grow your skills and advance your career while working in the heart of London's vibrant insurance market. Enjoy competitive benefits and the chance to build lasting relationships with key brokers, all while contributing to a company committed to profitable growth and innovation in the property underwriting sector.
Contact Details:
High Finance (UK) Limited T/A HFG Recruitment Team
