Development Underwriter - PI - 12 Month Fixed Term

SPE Travelers Management, LTD; Redhill; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance provider is seeking a Development Underwriter to join their Professional Indemnity team on a 12-month fixed-term contract. The role involves underwriting Professional Indemnity risks and fostering new relationships, with flexible hybrid working arrangements and a sign-on bonus available.

Benefits

Private medical insurance

Retirement contributions

Holiday entitlement

Wellness programs

Volunteer opportunities

Qualifications

• Experience in underwriting solicitors' professional indemnity required.
• Knowledge of industry operations and market insights preferred.

Responsibilities

• Underwrite and assess risks from brokers.
• Negotiate terms and manage the business book quality.
• Develop broker relationships and pursue new business opportunities.

Skills

Analytical thinking

Relationship management

Product knowledge

Education

Degree

ACII qualification

Job description

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Client:

SPE Travelers Management, LTD

Location:

Redhill, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

1a87a548f798

Job Views:

Posted:

Expiry Date:

06.08.2025

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Job Description:

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. Join us to discover a culture rooted in innovation and collaboration, where you can love what you do and where you do it.

Job Category

Underwriting

Target Openings

1

What Is the Opportunity?

We are seeking a Development Underwriter for our Professional Indemnity team on a 12-month fixed-term contract to cover maternity leave. Travelers is a leader in professional indemnity insurance, serving professionals like lawyers and accountants. The role involves underwriting Professional Indemnity risks, collaborating with internal teams, and developing new business.

We offer flexible hybrid work arrangements, with three days in the office and two days remote. The position includes a £3,000 sign-on bonus, with potential referral bonuses.

Primary Job Duties & Responsibilities

• Underwrite and assess risks from brokers, making decisions within authority and providing recommendations.
• Apply underwriting principles to maximize profitability, considering pricing, retention, and limits.
• Negotiate terms, understand product strategies, and manage the business book quality.
• Maintain accurate documentation and collaborate with colleagues for service delivery.
• Develop broker relationships, execute sales plans, and pursue new business opportunities.
• Participate in meetings, provide excellent customer service, and support team goals.
• Other duties as assigned.

Minimum Qualifications

• Experience in underwriting solicitors' professional indemnity.

Education, Work Experience, & Knowledge

• Degree preferred.
• Knowledge of industry operations, market insights, and financial drivers.

Licensing or Certificates

• ACII qualification preferred.

Technical Skills & Competencies

• Relationship management, business perspective, analytical thinking, and product knowledge at various proficiency levels.

What Is in It for You?

• Private medical insurance, retirement contributions, holiday entitlement, wellness programs, and volunteer opportunities.

Employment Practices

Travelers is an equal opportunity employer. We value diversity and encourage applicants with specific questions about physical requirements to contact us. We reserve the right to fill the position at a different level and invite you to learn more about our benefits on our website.