At a Glance
- Tasks: Lead and develop the Property & Casualty underwriting function while driving profitability.
- Company: A leading London-market MGA with a focus on innovation and growth.
- Benefits: Competitive salary up to £100,000 and opportunities for professional development.
- Other info: Collaborative culture with opportunities to mentor and develop talent.
- Why this job: Make a significant impact in a senior leadership role within a dynamic insurance environment.
- Qualifications: 5-8 years of commercial underwriting experience, with strong leadership skills.
The predicted salary is between 63000 - 77000 £ per year.
Commercial Underwriting Manager
Salary
Location
London
Sector
- Commercial Insurance – Property & Casualty
- Purpose of Role
A leading London-market MGA is seeking an experienced Commercial Underwriting Manager to lead and develop their Property & Casualty underwriting function.
This is a senior leadership role responsible for driving profitability, maintaining underwriting discipline, and mentoring a team of underwriters across a broad commercial book of business.
Responsibilities
- Own and manage the commercial P&C underwriting portfolio, ensuring profitability and growth targets are met.
- Set and enforce underwriting guidelines, risk appetite, and pricing frameworks in line with business strategy.
- Lead, mentor, and develop a team of underwriters, fostering a high-performance culture.
- Build and maintain strong broker relationships to drive new business and retain existing accounts.
- Collaborate with actuarial, claims, and finance teams to deliver data-driven underwriting decisions.
- Monitor market trends and competitor activity, adapting strategies to maintain a competitive edge.
- Report underwriting performance to senior leadership, providing insight and recommendations.
- Day-to-Day
- Review, assess, and sign off on complex and high-value commercial risks within delegated authority.
- Conduct portfolio reviews and contribute to quarterly business planning cycles.
- Attend broker meetings and market events to maintain and develop new business pipelines.
- Provide technical guidance and referral support to junior underwriters.
- Oversee adherence to regulatory requirements and internal compliance frameworks.
Experience
- 5–8 years of commercial underwriting experience, with at least 2 years in a managerial or lead capacity.
- Demonstrable expertise across Property & Casualty commercial lines.
- Proven track record of managing profitable books of business within a London market or Lloyd's environment.
- Experience working with brokers and managing key account relationships.
- Background in portfolio management, pricing strategy, and risk analysis.
Skills
- Strong technical underwriting knowledge across commercial P&C product lines.
- Excellent leadership and people management skills with the ability to develop talent.
- Commercially astute with strong negotiation and relationship-building abilities.
- Analytical mindset with proficiency in using data and MI to inform underwriting decisions.
- Effective communicator at all levels, from underwriting teams to senior stakeholders.
- ACII qualified or working towards qualification (preferred).
Commercial Underwriting Manager in City of London employer: Lawes Consulting Group
At Lawes Consulting Group, we pride ourselves on being an excellent employer that values and nurtures talent within a supportive and collaborative environment. As a Property Loss Adjuster based in Glasgow, you will benefit from a strong focus on employee development, a diverse portfolio of claims to manage, and the opportunity to work closely with industry professionals, all while enjoying the vibrant culture of Scotland's largest city.
StudySmarter Expert Advice🤫
We think this is how you could land Commercial Underwriting Manager in City of 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 Lawes Consulting Group). 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 Lawes Consulting Group. 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 Commercial Underwriting Manager in City of 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 Lawes Consulting Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Lawes Consulting Group. 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 Lawes Consulting Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Lawes Consulting Group 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 Lawes Consulting Group, 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 Lawes Consulting Group'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.
