Invecta
Lead Professional Indemnity Underwriter
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Invecta Group has been engaged by an ambitious MGA to recruit a Senior Underwriter to build and lead its Professional Indemnity proposition within a growing Professional & Financial Lines practice. This is a rare opportunity to shape a new line from the ground up, with a clear path to a Head of PI role as the book and team develop.
The Role
You will act as the go-to PI underwriter for the business, initially focusing on hard-to-place and large-ticket risks in emerging territories, before broadening the book over time. You will work closely with the Director of Professional & Financial Lines to define underwriting appetite, build broker relationships, and develop a multi-year plan to scale the portfolio. This is a front-line, broker-facing role suited to someone who wants to originate and grow business, not simply manage an existing book.
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Responsibilities
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- Underwrite PI risks within delegated authority, focusing on complex international business.
- Develop underwriting appetite and strategy by class and territory, in partnership with senior leadership.
- Build and maintain broker relationships across relevant international markets.
- Identify opportunities in niche segments such as technology PI and major projects, including cross-sell potential with existing cyber business.
- Contribute to a multi-year growth plan, including volume, mix and loss ratio targets.
- Support the business case for new or expanded capacity as the portfolio matures.
- Over time, take ownership of the PI line and build out a team as the book grows.
Requirements
- Significant experience underwriting Professional Indemnity, ideally including large contractors, engineering, single project PI or technology E&O.
- Comfortable making underwriting decisions on complex and international risks.
- Strong broker relationships, particularly across London Market, Middle East, Latin America or CEE.
- Experience gained at an MGA, Lloyd's syndicate or global carrier, having actively built or driven a portfolio rather than managed an inherited one.
- Candidates considered may also include senior brokers with a strong PI network looking to move into underwriting.
- Commercial, entrepreneurial and comfortable operating in a founder-led environment with fast decision making.
- Strong communicator, visible in the market, with the drive to convert relationships into bound business.
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