Financial Institutions Senior Underwriter

The Hartford; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

Join a leading insurance company as a Senior Underwriter in London. In this role, you will leverage over 10 years of experience to underwrite Financial Institutions coverage, nurture relationships with brokers and clients, and contribute to the growth and profitability of the business line in a dynamic and collaborative environment.

Qualifications

• 10+ years of relevant experience in underwriting or financial institutions.
• Willingness to learn and broaden knowledge of Financial Institutions.
• Collaborative team player with strong relationship-building skills.

Responsibilities

• Underwrite new and renewal accounts to meet planned results.
• Negotiate account participation and pricing with brokers.
• Develop and maintain relationships with key Brokers & Insureds.

Skills

Relationship Building

Process Management

Financial Analysis

Job description

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Financial Institutions Senior Underwriter, London

Client: The Hartford

Location: London, United Kingdom

Job Category: Other

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EU work permit required: Yes

Job Reference:

1a8a8df46e82

Job Views:

3

Posted:

02.06.2025

Expiry Date:

17.07.2025

Job Description:

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.

This role will be based in London, UK, and you are required to have the necessary right to work details prior to application.

Purpose of the Job

The FI team is recruiting for a Senior Underwriter to join a profitable and growing business line. The role will have both personal and collective responsibility for supporting the expansion and profitability of this portfolio as the team is positioned for growth.

The individual will benefit from exposure to a broad selection of risks across the 3 lines of FI cover across a broad spectrum of territories. They will be working on lead and follow business whilst having the opportunity to develop in an environment that offers increasing opportunities for our employees and where innovation, expertise and empowerment are fostered.

The position involves underwriting business in line with Financial Lines appetite as well as developing and maintaining relationships with London and International Brokers and clients.

Job Responsibilities & Competence

• Support local leadership in growth and understanding of product, market, and strategy
• Underwrite new and renewal accounts to meet planned underwriting results, through proactive account review, analysis of underwriting trends, and improvement plans to maintain profitability.
• Negotiate account participation, pricing, and terms and conditions with brokers.
• Underwrite in line with Underwriting Authorities, Guidelines, Rules, and Principles.
• Work closely with the Head of FI to drive development opportunities and achieve a balanced portfolio.
• Drive development and execution of FI underwriting and marketing strategies, delivering growth strategy to London-based brokers.
• Contribute to development of new products and geographic territories for expansion of the FI book without losing focus on profitability.
• Proactively support retention of existing business through market and one-on-one meetings with our Insureds / potential Insureds.
• Develop and maintain strong relationships with key Brokers & Insureds, including overseas travel as needed.
• Support coaching, training, and development of Underwriting Assistants, Assistant Underwriters, and Underwriters.
• Stay updated on claims development within the FI book and liaise with the claims team as necessary.
• Contribute to periodic reporting of Underwriting results.
• Ensure accurate policy documentation and maintain filing through collaboration with Operations and Modelling teams.

Qualifications and Capabilities

• 10+ years of relevant market experience as a broker, underwriter, client, or reinsurer.
• Willingness to broaden knowledge of Financial Institutions through learning.
• Strong process management discipline.
• Ability to develop and sustain relationships with internal and external stakeholders.
• Knowledge of global current affairs relevant to the role.
• Collaborative team player with strong relationship-building skills.

Experience

• Over 10 years of underwriting experience within the FI marketplace.
• Deep understanding of the insurance market and financial institutions.
• Technical expertise in wording, regulatory environment, and financial analysis.