Latent Defects Senior Underwriter

Avencia Consulting Services Careers; City Of London; On-site; GBP 55,000 - 85,000; Full time

Job summary

A leading global insurer in the UK is seeking a Senior Underwriter to manage latent defect insurance across various construction projects. This newly created role involves leading the underwriting strategy, overseeing portfolio performance, and maintaining strong relationships with brokers. The candidate will collaborate with the Underwriting Manager to enhance products and ensure competitiveness. Key locations for this position include London, Leeds, and Manchester, offering a dynamic work environment in the insurance sector.

Responsibilities

• Lead the underwriting strategy for latent defects insurance across various construction projects.
• Serve as a key referral point for broker partners, managing accounts per service standards.
• Oversee portfolio performance, maintaining profitability by analyzing claims trends and loss ratios.
• Build and maintain relationships with brokers and cover holders, acting as a subject matter expert.

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 relev...