At a Glance
- Tasks: Underwrite US property risks and collaborate with senior underwriters in a dynamic environment.
- Company: Join a leading specialty MGA with a focus on innovation and growth.
- Benefits: Enjoy competitive salary, performance bonuses, hybrid work, and professional development support.
- Other info: Opportunity for mentorship and clear pathways to grow your underwriting authority.
- Why this job: Make an impact in the exciting world of US property underwriting while advancing your career.
- Qualifications: 3-6 years of underwriting experience, especially in US property, with strong analytical skills.
The predicted salary is between 63000 - 77000 £ per year.
We are hiring an Underwriter to help grow our US Property book within specialty MGA.
You will underwrite US property risks within your own delegated authority, supported by and working closely with senior underwriters.
Reports to
Senior Underwriter / Head of Property
Location
London (hybrid)
Business written
US E&S property, primary and excess layers, including catastrophe-exposed risks
Distribution
US brokers, London market brokers and cover holder partners
Key responsibilities
- Review submissions, SOVs, COPE data and loss history, and prepare quotes within your authority.
- Price and structure US commercial property risks, setting deductibles, sub-limits and terms.
- Run and interpret cat modelling and rating tool output for wind, quake, wildfire and convective storm exposures.
- Prepare clear referrals to senior underwriters for risks outside your authority.
- Handle renewals, mid-term adjustments and endorsements accurately and on time.
- Help track GWP, rate change, aggregates and loss ratio against the business plan.
- Support portfolio reviews, capacity provider reporting and business planning.
- Delegated authority
- Help review cover holder bordereaux, check them against the signed slip and all endorsements, and flag exceptions.
- Take part in binder audits and performance reviews.
- Brokers and market
- Build relationships with brokers and respond quickly to their queries.
- Attend broker meetings and market events alongside senior colleagues.
- Governance
- Keep underwriting files complete and audit-ready.
- Follow Lloyd's minimum standards, capacity provider guidelines, sanctions checks and US surplus lines requirements.
Skills and experience required
- 3–6 years' underwriting experience, including at least 2 years on US property.
- Experience writing business within your own authority, or ready to step up to it.
- Good technical grasp of US property risk: occupancy, construction, valuation and cat exposure.
- Comfortable using cat modelling output and rating tools to support pricing decisions.
- Working knowledge of policy wordings, endorsements and US E&S / surplus lines practice.
- Experience in a Lloyd's syndicate, MGA or London company market.
- Strong Excel and data skills.
- Exposure to delegated authority, such as binders, cover holders or bordereaux management.
- Experience with specialist property lines like builders' risk, habitational or real estate portfolios.
- An existing network of US wholesale or London market property brokers.
- ACII qualification, or working towards it.
- Familiarity with PPL, Whitespace or a modern underwriting workbench.
- Personal attributes
- Analytical, with sound judgement and a disciplined approach to risk.
- Keen to learn and to grow into a senior underwriting role.
- Clear, responsive communicator with brokers and colleagues.
- Highly organised, with strong attention to detail.
- Collaborative and comfortable in a fast-moving MGA.
What we offer
- Competitive base salary and performance-linked bonus.
- Your own underwriting authority, with a clear path to grow it.
- Mentoring from experienced US Property underwriters.
- Hybrid working, pension, private medical cover and life assurance.
- Full support for professional qualifications.
- #J-18808-Ljbffr
Property Underwriter in London employer: Specialty MGA
Join our dynamic team as an Underwriter in London, where you'll have the opportunity to manage your own delegated authority while working closely with seasoned professionals in the specialty MGA sector. We pride ourselves on fostering a collaborative work culture that encourages professional growth through mentoring and support for qualifications, alongside competitive benefits such as hybrid working arrangements, private medical cover, and performance-linked bonuses. This role not only offers a clear path for career advancement but also allows you to engage with a network of US brokers and market events, making it an exciting place for those looking to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Property 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 Specialty MGA). 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 Specialty MGA. 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 Property 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 Specialty MGA.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Specialty MGA. 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 Specialty MGA
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Specialty MGA 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 Specialty MGA, 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 Specialty MGA'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.
