Senior Underwriter - FI / D&O

New Vacancy - Senior Underwriter - FI / D&O
Lloyd's MGA
City of London

I am currently recruiting for a leading Lloyd's MGA who are seeking a Senior Underwriter to join their growing FI team.

My client is looking for a FI/D&O Underwriting professional who has strong experience in this space. They focus on the SME - Mid Market region and write business globally. They are keen to bring someone in who is able to focus on new business, as well as renewals.

Key Responsibilities:

• Underwriting & Risk Assessment - Underwrite and negotiate D&O and FI accounts, ensuring consistency with the quality of risk, aligned with the company's strategy, and within individual underwriting authority.
• Business Development - Drive new business and maintain strong broker relationships by writing new and renewal business in line with agreed targets for Gross Written Premium (GWP).
• Portfolio Ownership - Take accountability for underwriting decisions and own the development and profitability of your book of business.
• Relationship Management - Develop and maintain close, effective relationships with brokers, insurers, and clients, including travel and client entertainment where necessary.
• Client Meetings - Encourage reciprocal visits from brokers and customers, actively participating in meetings and taking a lead role where appropriate.
• Compliance - Ensure all underwriting activity complies with relevant legislation, underwriting agreements, and industry best practices.
• Market Awareness - Stay informed about market conditions, especially in the SME and mid-market segments for D&O and FI lines.
• Strategic Contribution - Work with the leadership team to support the development and execution of the strategic business plan for the D&O and FI portfolio. Actively seek out new markets and opportunities for growth, providing recommendations for expansion where appropriate. In addition, take a leadership role in identifying new business pipelines and managing broker portfolios.
• Team Leadership & Development - Provide guidance, mentorship, and technical support to junior underwriters, assisting in their professional development. Act as a referral point for complex cases, offering support and advice to the underwriting team. Assist in the development of underwriting processes and best practices to improve team efficiency and consistency.
• Compliance & Risk Management - Ensure all underwriting activities are conducted in compliance with FCA regulations and other relevant legislation. Maintain accurate and up-to-date underwriting documentation and ensure adherence to internal risk management practices.