Underwriter - US Property

Specialty MGA; Greater London; Hybrid; GBP 65,000 - 105,000; Full time

Benefits offered by this job

Hybrid working

Pension

Private medical cover

Life assurance

Support for professionalQualifications

Job summary

Specialty MGA in London (hybrid) seeks an Underwriter to grow its US Property book. You’ll underwrite US property risks within delegated authority, working closely with senior underwriters and reporting to the Head of Property. You’ll engage US brokers and London market partners to support pricing, referrals and renewals.

The role emphasizes cat modelling interpretation, risk assessment, and maintaining audit-ready underwriting files under Lloyd's standards in a fast-moving MGA environment.

Qualifications

• 3–6 years' underwriting experience, including US property.
• Experience writing business within delegated authority.
• Strong technical grasp of US property risk: occupancy, construction, valuation and cat exposure.
• Familiarity with PPL, Whitespace or a modern underwriting workbench.
• Experience with Lloyd's syndicate, MGA or London company market.

Responsibilities

• Review submissions, SOVs, COPE data and loss history, and prepare quotes within your authority.
• Price and structure US commercial property risks, setting deductibles, sub-limits and terms.
• Run and interpret cat modelling and rating tool output for wind, quake, wildfire and convective storm exposures.
• Prepare clear referrals to senior underwriters for risks outside your authority.
• Handle renewals, mid-term adjustments and endorsements accurately and on time.
• Help track GWP, rate change, aggregates and loss ratio against the business plan.
• Support portfolio reviews, capacity provider reporting and business planning.

Skills

Underwriting experience

US property knowledge

Excel & data skills

Cat modelling tools

Policy wordings knowledge

Lloyd's/MGA market experience

ACII qualification

Education

ACII qualification in progress

Tools

Cat modelling outputs

Rating tools

Job description

We are hiring an Underwriter to help grow our US Property book within specialty MGA. You will underwrite US property risks within your own delegated authority, supported by and working closely with senior underwriters.

• Reports to: Senior Underwriter / Head of Property
• Location: London (hybrid)
• Business written: US E&S property, primary and excess layers, including catastrophe-exposed risks
• Distribution: US brokers, London market brokers and cover holder partners

Key responsibilities

• Review submissions, SOVs, COPE data and loss history, and prepare quotes within your authority.
• Price and structure US commercial property risks, setting deductibles, sub-limits and terms.
• Run and interpret cat modelling and rating tool output for wind, quake, wildfire and convective storm exposures.
• Prepare clear referrals to senior underwriters for risks outside your authority.
• Handle renewals, mid-term adjustments and endorsements accurately and on time.
• Help track GWP, rate change, aggregates and loss ratio against the business plan.
• Support portfolio reviews, capacity provider reporting and business planning.

Delegated authority

• Help review cover holder bordereaux, check them against the signed slip and all endorsements, and flag exceptions.
• Take part in binder audits and performance reviews.

Brokers and market

• Build relationships with brokers and respond quickly to their queries.
• Attend broker meetings and market events alongside senior colleagues.

Governance

• Keep underwriting files complete and audit-ready.
• Follow Lloyd's minimum standards, capacity provider guidelines, sanctions checks and US surplus lines requirements.

Skills and experience required

• 3–6 years' underwriting experience, including at least 2 years on US property.
• Experience writing business within your own authority, or ready to step up to it.
• Good technical grasp of US property risk: occupancy, construction, valuation and cat exposure.
• Comfortable using cat modelling output and rating tools to support pricing decisions.
• Working knowledge of policy wordings, endorsements and US E&S / surplus lines practice.
• Experience in a Lloyd's syndicate, MGA or London company market.
• Strong Excel and data skills.
• Exposure to delegated authority, such as binders, cover holders or bordereaux management.
• Experience with specialist property lines like builders' risk, habitational or real estate portfolios.
• An existing network of US wholesale or London market property brokers.
• ACII qualification, or working towards it.
• Familiarity with PPL, Whitespace or a modern underwriting workbench.

Personal attributes

• Analytical, with sound judgement and a disciplined approach to risk.
• Keen to learn and to grow into a senior underwriting role.
• Clear, responsive communicator with brokers and colleagues.
• Highly organised, with strong attention to detail.
• Collaborative and comfortable in a fast-moving MGA.

What we offer

• Competitive base salary and performance-linked bonus.
• Your own underwriting authority, with a clear path to grow it.
• Mentoring from experienced US Property underwriters.
• Hybrid working, pension, private medical cover and life assurance.
• Full support for professional qualifications.