Latent Defects Senior Underwriter

Avencia Consulting; Manchester; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading global insurer is seeking a Senior Underwriter to manage latent defects insurance policies across various projects in the UK. The successful candidate will lead underwriting strategies, build strong relationships with brokers, and oversee portfolio performance. Experience in underwriting and strong analytical skills are essential for this role, ensuring competitiveness in the UK market.

Qualifications

• Experience in underwriting strategies for latent defects insurance.
• Strong relationship-building skills with brokers.
• Ability to analyze claims trends and market developments.

Responsibilities

• Lead the underwriting strategy for latent defects insurance.
• Serve as a key referral point for broker partners.
• Oversee portfolio performance and maintain profitability.
• Build and maintain relationships with brokers.
• Collaborate with the Underwriting Manager on product enhancements.
• Provide expert input on risk survey reports.

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.