At a Glance
- Tasks: Underwrite global Marine Cargo risks and develop strong broker relationships.
- Company: Leading international specialty (re)insurance platform with a strong Lloyd's market presence.
- Benefits: Competitive salary, performance bonus, private medical cover, and flexible working arrangements.
- Other info: Opportunity for career growth and mentoring within a dynamic environment.
- Why this job: Join a high-performing team and make an impact in the international insurance market.
- Qualifications: Experience in Marine Cargo underwriting and strong negotiation skills.
The predicted salary is between 60750 - 74250 £ per year.
An established global specialty (re)insurance business is looking to appoint an experienced
Marine Cargo Underwriter to join its London-based Marine team.
This is an excellent opportunity for an underwriter with a strong London Market background to take responsibility for a high-quality international cargo portfolio, working across both primary and excess business.
The role will involve underwriting worldwide general cargo risks covering transit and storage, with exposure to physical damage and, where appropriate, financial consequence covers.
You will play an important role in delivering the Marine team's underwriting strategy, identifying profitable opportunities and developing long-term broker and client relationships.
The successful candidate will have the technical capability and market credibility to take ownership of risks, contribute to portfolio development and operate with a meaningful level of underwriting authority.
Key Responsibilities
- Underwrite new business and renewals across a worldwide Marine Cargo portfolio.
- Assess risk quality, exposure and pricing to ensure disciplined and profitable underwriting.
- Take a lead role on appropriate risks, including negotiating terms, coverage and policy wordings.
- Contribute to the development and execution of the Marine Cargo business plan and underwriting strategy.
- Identify opportunities for profitable portfolio growth while maintaining appropriate risk selection.
- Build and maintain strong relationships with Lloyd's and London Market brokers and key clients.
- Provide technical guidance on coverage, policy construction and complex risk exposures.
- Monitor portfolio performance, market conditions and emerging risks to support informed underwriting decisions.
- Work collaboratively with Claims, Actuarial, Exposure Management, Reinsurance and other internal teams.
- Maintain a strong understanding of market developments, competitor activity and relevant legal or regulatory changes.
- Ensure all underwriting activity is conducted within agreed authorities, governance frameworks and regulatory requirements.
- Represent the business at broker meetings, client meetings and relevant industry events.
- Support the development of junior members of the team through knowledge sharing and mentoring.
- Contribute ideas and improvements to underwriting processes, systems and portfolio management
Skills & Experience
- Significant experience underwriting
Marine Cargo within the Lloyd's or wider London Market.
- Strong technical understanding of cargo risks, coverage and policy structures.
- Demonstrable experience managing and developing a profitable underwriting portfolio.
- Experience underwriting both new business and renewals, ideally including lead positions.
- Established relationships with brokers and a credible presence within the Marine market.
- Strong understanding of technical pricing, risk assessment and portfolio performance.
- Confident decision-maker who can operate independently within delegated underwriting authority.
- Commercially focused with a clear understanding of profitability and risk appetite.
- Strong negotiation and communication skills.
- Analytical and comfortable interpreting portfolio data and performance information.
- Highly organised with excellent attention to detail.
- Collaborative approach with the ability to build relationships across multiple functions and locations.
- What’s on Offer
- Competitive base salary, dependent on experience.
- Discretionary performance-related bonus.
- Non-contributory pension.
- Private medical and family health cover.
- Dental insurance.
- Hybrid and flexible working arrangements.
- Comprehensive employee wellbeing benefits.
- Opportunity to work within a highly established international specialty insurance platform.
- Excellent exposure to the London Marine market with the opportunity to contribute to portfolio growth and strategy.
- Location
- London – City
Hybrid working is available, offering a balance between office collaboration and flexibility.
About the Business
The organisation is a leading international specialty (re)insurance platform with a significant presence in the Lloyd's market and international offices across multiple global insurance hubs.
The business has a strong reputation within specialty insurance and provides its teams with the opportunity to work on complex international risks alongside experienced market professionals.
This is an opportunity for an established Marine Cargo Underwriter to join a high-performing team and play a meaningful role in the continued development of its international Cargo portfolio.
All applications will be treated confidentially.
Underwriter - Marine Cargo in City of London employer: Rotate
Rotate is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals in fire safety consultancy. With a strong emphasis on employee development and growth opportunities, you will be supported in advancing your career while working on impactful projects that shape the future of fire safety. Located in the UK, our team enjoys a dynamic environment where quality assurance and operational excellence are at the forefront of our mission.
