Lead London Market PI Underwriter

Position Summary: The Lead London Market PI Underwriter is responsible for overseeing and managing professional indemnity business workflows, providing technical expertise, and ensuring adherence to underwriting guidelines. The role develops strategies for new business opportunities and portfolio retention and actively contributes to achieving business targets. They cultivate long-term broker relationships, while also supporting training for new staff in underwriting processes.

Location: London – UK – Fenchurch Street

Job Responsibilities:

• Oversees and strategically manages workflows for new professional indemnity business and renewals, showcasing advanced professionalism, technical expertise, and adherence to underwriting guidelines.
• Evaluates, prioritizes, and selects submissions while allocating risks to develop underwriting profit for the carrier. Declines or refers risks that present excessive risk.
• Conducts comprehensive risk assessments, evaluating factors such as coverage value, location, usage, safety features, and other relevant elements to make informed decisions on risk acceptance.
• Determines appropriate coverage limits, insurance premiums, and policy terms based on risk assessment, ensuring active portfolio management of complex property and casualty accounts.
• Negotiates terms and conditions with brokers, recognises, and creates cross-selling opportunities for other products while ensuring compliance with regulations and guidelines.
• Develops strategic initiatives to:
  • Expansion of new business opportunities;
  • Maximises retention of assigned portfolios;
  • Contributes significantly to achieving business targets.
• Manages internal and external relationships to deliver superior customer service.
• Develops professional, long-term relationships with brokers and agents, expanding the book of business while operating within delegated authority limits.
• Partners with underwriting teams, ensuring seamless communication and optimising task coordination throughout the underwriting process.
• Provides accurate premium forecasts and business plans by contributing to budgeting processes and supporting performance targets.
• Optimises underwriting processes, introduces new technologies, and aligns the department with broader organisational goals.
• Delivers training for new underwriters on underwriting guidelines, processes, and systems.
• Attends industry events and stays abreast of property and casualty underwriting trends, emerging risks in the sector, regulatory changes, and adjusts strategies accordingly.