At a Glance
- Tasks: Underwrite and develop a portfolio of Marine Hull risks in the London Market.
- Company: Leading Marine (re)insurance business with a strong market presence.
- Benefits: £100,000+ salary, bonuses, equity participation, and comprehensive benefits.
- Other info: Opportunity for entrepreneurial candidates to build their own book.
- Why this job: Gain autonomy and influence while shaping a significant Marine portfolio.
- Qualifications: Significant Marine Hull underwriting experience and strong commercial judgement.
The predicted salary is between 63000 - 77000 £ per year.
A leading and well-established Marine (re)insurance business operating within the London Market is looking to appoint an experienced Senior Marine Hull Underwriter to strengthen its underwriting team. This is a senior-level opportunity for an established Hull underwriter looking for genuine autonomy, influence and the opportunity to take ownership of a significant portfolio.
You will work closely with senior leadership and play an important role in developing the future strategy, profitability and growth of the Marine portfolio. The client is also open to senior underwriters from adjacent Marine classes, including Marine Liabilities and Builders Risk, where there is a strong and credible business plan for developing a new book.
The Role
Reporting into senior Marine underwriting leadership, you will take responsibility for underwriting and developing a portfolio of Marine Hull and associated risks across the London Market and international markets. Key responsibilities will include:
- Underwriting Marine Hull risks in line with agreed authority, appetite and business objectives
- Assessing complex and high-value risks and applying strong technical judgement to pricing, terms and conditions
- Developing and maintaining relationships with London Market brokers, clients and international trading partners
- Identifying new business opportunities and contributing to profitable portfolio growth
- Monitoring portfolio performance, loss ratios and accumulations
- Working closely with claims, actuarial, reinsurance and other technical teams
- Contributing to annual business planning, growth targets and underwriting strategy
- Supporting and mentoring junior members of the underwriting team
- Representing the business at broker meetings, market events and industry forums
- Maintaining high standards of governance, regulatory compliance and underwriting discipline
What We're Looking For
The successful candidate is likely to have:
- Significant Marine Hull underwriting experience within the London Market or Lloyd's
- Experience at Senior Underwriter, Class Underwriter or Active Underwriter level
- A strong track record of profitable underwriting and portfolio development
- Excellent technical understanding of Marine Hull risks and pricing
- Established relationships with London Market brokers and/or international clients
- Strong commercial judgement and the ability to balance growth with disciplined underwriting
- The confidence and credibility to represent a business externally
- Lloyd's market experience and knowledge of relevant governance standards
- Professional qualifications such as ACII/CII or equivalent are advantageous
An Alternative Route – Build Your Own Book
The business is also interested in hearing from senior underwriters specialising in Marine Liabilities or Builders Risk who have the ambition and capability to develop a new area of business. For the right individual, this could represent a highly entrepreneurial opportunity to help shape and grow a new portfolio. Candidates following this route will be expected to demonstrate:
- A clear and commercially credible business plan
- A defined target market and growth strategy
- A strong understanding of pricing and risk selection
- A clear reinsurance strategy
- Realistic growth and loss-ratio expectations
- An established broker and distribution network
- A proven track record of profitable underwriting and book-building
For successful appointments through this route, equity participation is available, reflecting the seniority and entrepreneurial nature of the opportunity.
What's On Offer
- £100,000+ base salary, dependent on experience
- Discretionary bonus
- Equity participation for qualifying business-plan appointments
- Comprehensive benefits package
- Private medical insurance
- Pension and life assurance
- Significant autonomy and influence over underwriting strategy
- Opportunity to shape and grow a Marine portfolio
- Support for professional development and market involvement
- An entrepreneurial and collaborative working environment
This is a retained and confidential executive search being managed by Lawes Consulting Group, specialists in Insurance and Reinsurance recruitment. The identity of the client will be disclosed to suitable candidates during the process. For a confidential discussion about the opportunity, including the Marine Hull position or the alternative Marine Liabilities / Builders Risk business-building route, please contact Richard Chalmers at Lawes Consulting Group.
Senior Marine Hull Underwriter in 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.
