Senior Underwriter - Financial Lines

Arthur J. Gallagher & Co. (AJG); Bristol; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Senior Underwriter to drive growth in the Professional Indemnity sector. This role involves assessing risks, developing underwriting strategies, and maintaining strong broker relationships. You'll collaborate with cross-functional teams to optimize processes and mentor junior underwriters. With a commitment to diversity and inclusion, this forward-thinking company offers a supportive environment where your contributions will make a real impact. If you're passionate about insurance and eager to make a difference, this opportunity is designed for you.

Benefits

25 days holiday plus bank holidays

Defined contribution pension scheme

Life insurance up to 10x salary

Income protection up to 50%

Health cash plan or Private medical insurance

Three fully paid volunteering days

Employee Stock Purchase plan

Discounted gym membership

Season ticket loan

Emergency back-up family care

Qualifications

• CII Certification preferred with knowledge of local insurance marketplace.
• Solid analytical skills and customer focus are essential.

Responsibilities

• Grow the Professional Indemnity book by increasing profitable premium.
• Assess risk and interact with brokers to maintain relationships.

Skills

Analytical Thinking

Customer Focus

Broker Interaction

Education

Chartered Insurance Institute (CII) Certification

Tools

Rating Tools

Pricing Methods

Job description

Introduction

Gallagher isn't just a company; it's a global community driven by shared values and an unyielding commitment to excellence. With over 52,000 passionate professionals, we are the architects of the future, designing customized solutions to protect businesses and fuel their extraordinary growth. As a member of our team, you'll experience empowerment, creativity, and the exhilarating journey of making a real difference in the lives of our clients. Join us and become part of a story that transforms aspirations into reality.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Overview

Please note this role could be based in either our Birmingham or Bristol office.

As a Senior Underwriter, you'll be responsible for growing the Professional Indemnity book by increasing profitable premium and conversion rates, and helping develop the underwriting strategy. You'll help steer the business's goals and product development. You'll be in charge of interacting and collaborating with colleagues internally and forming relationships with new brokers. You'll also need to maintain and improve existing broker relationships and partner insurers.

How you'll make an impact

• Assess risk, following underwriting guidelines, using rating tools and pricing methods, and documenting according to standards, to increase business growth and profitability.
• Actively participate in seeking new business opportunities within existing relationships and within the wider insurance market.
• Engage with brokers in servicing and renewal of the existing book that supports underwriting strategy, consistent with business growth and target loss ratio.
• Provide expert guidance to less experienced underwriters, coaching and mentoring to help them build knowledge and sales skills for a profitable portfolio.
• Develop and maintain strong broker relationships across the regions and contribute to the team’s goal of writing a sustainable portfolio of professional indemnity business.
• Collaborate with cross-functional teams to optimize processes and enhance overall efficiency.
• Actively participate in regularly scheduled strategy, sales, and underwriting meetings.
• Analyze market trends, competitor actions, and regulatory changes to identify opportunities and risks.
• Perform other duties and projects as assigned.

About You

• Chartered Insurance Institute (CII) Certification preferred.
• Working knowledge of the local insurance marketplace.
• General knowledge of organizational and regulatory rules, policies, and procedures.
• Demonstrates basic ability in the areas of customer focus and positive broker interaction.
• Solid grasp on analytical thinking and financial concepts.

Compensation and benefits

On top of a competitive salary, great teams, and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days.
• Defined contribution pension scheme, which Gallagher will also contribute to.
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x.
• Income protection, we’ll cover up to 50% of your annual income, with options to top up.
• Health cash plan or Private medical insurance.

Other benefits include:

• Three fully paid volunteering days per year.
• Employee Stock Purchase plan, offering company shares at a discount.
• Share incentive plan, HMRC approved, tax effective, stock purchase plan.
• Critical illness cover.
• Discounted gym membership, with over 3,000 gyms nationally.
• Season ticket loan.
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase.
• Emergency back-up family care.
• And many more…

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences, and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

Should you require reasonable adjustments to your application, please get in touch with [e-mail]. If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of any protected characteristic.