Insurance Underwriting Specialist
4 days ago
New Vacancy - Insurance Underwriting Specialist - D&O and FI
HFG Insurance Recruitment is currently recruiting for a leading Lloyd's MGA who are seeking an experienced Insurance Underwriting Specialist to join their growing FI team.
The role involves underwriting and risk assessment of D&O and FI accounts, ensuring consistency with the quality of risk, aligned with the company's strategy, and within individual underwriting authority.
Main Responsibilities:- Underwriting & Risk Assessment: Develop and implement effective underwriting strategies to ensure the growth and profitability of the business.
- Business Development: Drive new business and maintain strong relationships with brokers 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.
- Compliance: Ensure all underwriting activity complies with relevant legislation, underwriting agreements, and industry best practices.
- Experience: 5+ years of underwriting experience, with a focus on D&O and Financial Institutions.
- Broker Relationships: Proven ability to build strong broker relationships, with a drive to source new business and identify new opportunities.
- Market Knowledge: Strong understanding of the D&O and FI markets, including regulatory environments and the key risks faced by SME and mid-market companies.
- Technical Skills: Excellent technical underwriting skills with a pragmatic and commercial approach to risk.
- Portfolio Management: Experience in managing a renewal portfolio and driving growth in new business.
$80,000 - $110,000 per annum depending on experience plus bonus.
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