Latent Defects Senior Underwriter

Avencia Consulting Services; Bolton; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading global insurer is seeking a Senior Underwriter to manage the underwriting strategy for latent defect insurance across diverse construction projects. The role involves strong interaction with broker partners, analysis of claims trends, and portfolio performance management. The ideal candidate will have experience in latent defect underwriting and the ability to build strong relationships within the industry. This position offers flexibility of location within the UK, including major cities like London, Leeds, and Manchester.

Qualifications

• Experience in underwriting for latent defect insurance.
• Strong analytical skills to assess claims trends and market developments.
• Ability to build and maintain relationships with brokers.

Responsibilities

• Lead the underwriting strategy for latent defects insurance.
• Manage relationships with broker partners.
• Analyze portfolio performance to inform pricing decisions.
• Refine latent defects products and policy wordings.

Skills

Underwriting strategy development

Broker relationship management

Claims analysis

Risk assessment

Job description

Job Description

Avencia are partnered with a leading global insurer and Fortune 500 company, who are looking to recruit a Senior Underwriter. This role can be based in London, Leeds, Manchester, Birmingham, or Croydon.

This is a brand-new opportunity within the Schemes division, managing a diverse range of latent defect insurance policies.

Key responsibilities

• Lead the underwriting strategy for latent defects insurance across commercial, residential, and mixed-use construction projects.
• Serve as a key referral point for broker partners, ensuring all accounts are managed in line with agreed service standards.
• Oversee portfolio performance, maintaining profitability and driving growth by analysing claims trends, market developments, and loss ratios to inform renewal and pricing decisions.
• Build and maintain strong relationships with brokers and cover holders, acting as a subject matter expert on all aspects of latent defects insurance and representing the business with professionalism and authority.
• Collaborate with the Underwriting Manager to refine and enhance latent defects products and policy wordings, ensuring they remain competitive and relevant in the UK market.
• Provide expert technical input on risk survey reports and support informed underwriting decisions.

Ensure full compliance with governance...