At a Glance
- Tasks: Underwrite and assess risks in Financial Lines, negotiating deals with brokers.
- Company: Dynamic MGA in the M&A and transactional insurance market.
- Benefits: Competitive salary, hybrid working, and excellent company benefits.
- Other info: Be part of an entrepreneurial environment with real growth opportunities.
- Why this job: Join a growing team and make impactful underwriting decisions daily.
- Qualifications: Experience in Professional Indemnity and Management Liability underwriting.
The predicted salary is between 60000 - 70000 £ per year.
We are recruiting for a specialist MGA operating within the M&A and transactional insurance market, following continued growth and an increase in business volumes across its Financial Lines portfolio. They are looking for an experienced Financial Lines Underwriter who can join the business and make an immediate contribution. This is very much a hands-on underwriting role. They need someone who enjoys the day-to-day underwriting – reviewing submissions, assessing risks, making decisions, negotiating with brokers and getting business successfully across the line.
The Opportunity
You'll work across a growing portfolio of Financial Lines business, with particularly strong experience required across:
- Professional Indemnity (PI)
- Management Liability / Management Liability Package (MLP)
- Wider Financial Lines risks
You'll be joining an experienced specialist team at an exciting point in its growth, helping manage increased business volumes while maintaining strong underwriting standards and broker service.
What You'll Be Doing
- Underwriting new and renewal Financial Lines business within agreed authorities.
- Assessing PI and Management Liability risks.
- Reviewing submissions and determining appropriate appetite, pricing, terms and conditions.
- Managing a busy flow of underwriting enquiries.
- Making confident and commercially considered underwriting decisions.
- Negotiating terms directly with brokers.
- Managing referrals and more complex risks where required.
- Providing brokers with a responsive and knowledgeable underwriting service.
- Developing strong relationships with broker partners.
- Contributing to the profitable growth and performance of the portfolio.
What We're Looking For
We're particularly interested in speaking with underwriters who have:
- Strong Professional Indemnity underwriting experience.
- Good Management Liability / MLP experience.
- Broader Financial Lines knowledge.
- Experience gained within an MGA or insurer environment.
- Strong technical underwriting and risk assessment skills.
- Confidence dealing directly with brokers and negotiating business.
- A commercial and pragmatic approach.
- The ability to manage a busy workload and make decisions.
- A proactive, hands-on mentality.
Most importantly, they are looking for a doer – someone who genuinely enjoys underwriting and trading business and wants to be an active part of a growing specialist team.
You may currently be working as a Financial Lines Underwriter, Professional Indemnity Underwriter, Management Liability Underwriter, Commercial PI Underwriter or Senior Financial Lines Underwriter.
Why Consider This Opportunity?
This is a chance to join a specialist, entrepreneurial underwriting environment experiencing genuine growth and increased demand. You'll be close to the business, brokers and underwriting decisions, with the opportunity to use your technical expertise rather than becoming removed from the day-to-day underwriting.
Salary: £60,000 – £70,000, flexible dependent on experience
Location: Flexible for the right individual
Working: Hybrid
Benefits: Excellent company benefits
Apply to the role and speak to Francesca Franklin for further detail.
Financial Lines Underwriter in London employer: Insure Recruitment Careers
Joining this leading commercial insurance underwriting business as a Commercial Lines Product Manager offers you the chance to thrive in a dynamic and supportive work environment. With a strong focus on employee development, you will benefit from continuous learning opportunities and a culture that encourages innovation and collaboration. Located in a vibrant area, the company also provides competitive benefits and a commitment to work-life balance, making it an excellent employer for those seeking meaningful and rewarding careers.
Contact Details:
Insure Recruitment Careers Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Financial Lines 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 Insure Recruitment Careers). 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 Insure Recruitment Careers. 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 Financial Lines 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 Insure Recruitment Careers.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Insure Recruitment Careers. 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 Insure Recruitment Careers
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Insure Recruitment Careers 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 Insure Recruitment Careers, 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 Insure Recruitment Careers'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.
