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- Tasks: Underwrite new and renewal PI business while building strong broker relationships.
- Company: Dynamic MGA in London with solid backing and a supportive culture.
- Benefits: Competitive salary, bonuses, and a focus on diversity and inclusion.
- Why this job: Join a growing team and make an impact in the London Market and international business.
- Qualifications: Experience in PI underwriting and strong broker connections are preferred.
- Other info: Exciting opportunity for career growth in a stimulating environment.
The predicted salary is between 60000 - 84000 £ per year.
An MGA in the City, who are part of a broking group, with solid financial and capacity backing, is seeking a PI Underwriter. Reporting to a highly experienced Underwriting Manager, the Underwriter will be a key player in their growth journey.
The role will entail:
- Underwriting new and renewal PI business (as well as some Management Liability), both UK and international
- Liaising with existing Brokers and nurturing those relationships, with a close eye on retention of the renewal book
- Developing and fostering new Broker relationships
- Input and development ideas for new business
- Maintaining an understanding of current market trends
- Staying abreast of changes to international licensing as per Lloyd's Crystal and other tools
This role would be ideally suited to a UK PI Underwriter, with regional broker connections, looking to gain exposure to more London Market and international business. Some experience of international business as well as D&O would be valuable. This is a unique opportunity for someone seeking a challenge in a stimulating, yet highly supportive environment.
PI Underwriter employer: IDEX Consulting
Contact Detail:
IDEX Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PI Underwriter
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to brokers or other underwriters. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with potential employers, make sure to highlight your knowledge of current market trends and international licensing. This shows you’re not just another candidate; you’re someone who’s genuinely invested in the field.
✨Tailor Your Approach
Every conversation is an opportunity! Make sure to tailor your discussions based on the company’s needs and how you can help them grow. Mention specific ideas for new business or ways to improve retention – it’ll set you apart from the crowd.
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us not only makes it easier but also shows you’re serious about joining our team. Plus, we love seeing candidates who take that extra step!
We think you need these skills to ace PI Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the PI Underwriter role. Highlight your experience with underwriting, especially in PI and Management Liability, and any relevant broker connections you have. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our growth journey. Don’t forget to mention your understanding of current market trends and any international business experience.
Showcase Your Relationship Skills: Since liaising with brokers is key, make sure to highlight your relationship-building skills. Share examples of how you've nurtured existing relationships or developed new ones in your previous roles. We love seeing candidates who can connect with others!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at IDEX Consulting
✨Know Your PI Inside Out
Make sure you brush up on your knowledge of Professional Indemnity insurance. Understand the nuances of underwriting both new and renewal business, especially in relation to UK and international markets. This will show that you're not just familiar with the basics but are genuinely passionate about the field.
✨Build Broker Relationships
Since the role involves liaising with existing brokers and developing new relationships, come prepared with examples of how you've successfully nurtured broker connections in the past. Think about specific strategies you've used to retain clients and how you can apply those to this new position.
✨Stay Current with Market Trends
Familiarise yourself with the latest trends in the PI market and any changes in international licensing, particularly those related to Lloyd's Crystal. Being able to discuss these topics during your interview will demonstrate your commitment to staying informed and your ability to adapt to changes in the industry.
✨Showcase Your Experience
If you have experience with D&O or international business, make sure to highlight it. Prepare specific examples of how your background aligns with the requirements of the role. This will help you stand out as a candidate who is not only qualified but also ready to take on the challenges of the position.
