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:
1. 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.
2. 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).
3. Portfolio Ownership: Take accountability for underwriting decisions and own the development and profitability of your book of business.
4. Relationship Management: Develop and maintain close, effective relationships with brokers, insurers, and clients, including travel and client entertainment where necessary.
5. Client Meetings: Encourage reciprocal visits from brokers and customers, actively participating in meetings and taking a lead role where appropriate.
6. Compliance: Ensure all underwriting activity complies with relevant legislation, underwriting agreements, and industry best practices.
7. Market Awareness: Stay informed about market conditions, especially in the SME and mid-market segments for D&O and FI lines.
8. 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.
9. 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.
10. 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.
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