Location: London / Hybrid
Salary Range: Competitive (DOE)
Type: Fixed-Term Contract (12 months, maternity cover)
Overview:
An opportunity for an experienced Delegated Property Underwriter to provide maternity cover for a 16–18 month period, focusing primarily on North American Property Binders. The role requires strong underwriting authority, technical expertise across contracts and wordings, analytical capability, and a detailed understanding of delegated underwriting, RMS modelling and portfolio management. It would suit an experienced Underwriter, an Assistant Underwriter looking to develop their expertise, or a market professional returning after a career break.
Key Responsibilities:
- Underwrite delegated Property Binder business within agreed underwriting authorities, referring risks where appropriate.
- Manage and support the renewal of existing North American contracts.
- Analyse and evaluate renewal contracts, recommending appropriate risk selection, benchmarking and pricing.
- Prepare and present detailed peer review documentation, including pricing model outputs, contract and rating changes, and RMS modelled pre-pricing analysis.
- Lead or support renewal discussions with London Brokers and Coverholders.
- Monitor the existing portfolio, including quarterly rate movements, catastrophe load movements and EPI.
- Contribute to portfolio performance, business mix and premium objectives through effective risk selection and portfolio management.
- Develop and maintain strong relationships with brokers, Coverholders, insureds, distribution partners and reinsurers.
- Ensure underwriting information and aggregated line exposures are accurately recorded on relevant systems and maintained in a timely manner.
- Work collaboratively with Claims on problem risks, restructuring proposals and workout areas.
- Ensure all underwriting activity complies with applicable laws, regulations, sanctions, policies, procedures and guidance.
What We're Looking For:
- Demonstrable underwriting experience across North American Delegated Property business.
- Strong understanding of Property policy wordings, coverages, premium rates and risk factors.
- Experience managing and taking ownership of a book of Delegated business.
- Full underwriting authority and the ability to make sound, commercially focused underwriting decisions.
- Strong technical, analytical and risk assessment skills.
- Good understanding of RMS modelling output and its application within underwriting.
- Strong Excel and Power BI skills.
- Proficiency with standard underwriting systems, processes and procedures.
- Excellent communication and presentation skills, with the ability to build and maintain long-term stakeholder relationships.
- Strong organisational and planning skills, with the ability to prioritise effectively.
- A proactive, entrepreneurial and commercially minded approach.
- Ability to work effectively both independently and collaboratively.
Desirable but Not Essential:
- ACII qualification or equivalent professional underwriting qualification.
- Experience working across a broad range of Property product types.
- Existing relationships with key brokers, Coverholders and clients within the North American Delegated Property market.
- Previous experience operating within a Lloyd’s or London Market environment.
About the Company:
A well-established and high-performing London Market insurance business with a strong reputation for technical underwriting expertise and a collaborative, inclusive culture. The organisation operates within the specialist commercial insurance sector and places a strong emphasis on disciplined underwriting, long-term broker and client relationships, innovation and the continued development of its people.