Underwriting Manager

GB001 Marsh Ltd; London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

Join a leading insurance broker as an Underwriting Manager with the Marsh Portfolio Solutions team. This role focuses on managing binding authorities, fostering relationships within the market, and ensuring compliance with underwriting procedures in a dynamic environment. Opportunities for professional growth and a vibrant workplace culture await you.

Benefits

Professional development opportunities

Inclusive workplace culture

Qualifications

• Proven experience in Casualty insurance and thorough market understanding.
• Technical knowledge in Casualty Insurance (International/US).

Responsibilities

• Manage binding authority in accordance with DUA procedures.
• Train the transactional placement team on Technical Underwriting.
• Ensure compliance with delegated authority from insurers.

Skills

Communication

Interpersonal Skills

Job description

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We are seeking a talented individual to join our Marsh Portfolio Solutions (MPS) team at Marsh. As an Underwriting Manager, you will take on a unique position within MPS, managing the overall facility and a junior team member. You will ensure that our binding authority is managed in line with Delegated Underwriting Authority (DUA) procedures, regulatory requirements, and best practices, while also fostering relationships with the Casualty Facility Insurer and the Bowring Marsh Casualty Practice.

We will count on you to:

• Ensure that individual risks are bound promptly and in accordance with the Delegated Underwriting Authority and review efficiencies regularly.
• Ensure full compliance with the Delegated Authority from insurers.
• Provide training to the transactional placement team on Technical Underwriting.
• Build relationships with senior stakeholders, Bowring Marsh Casualty Practice brokers, and Senior Brokers across the Marsh global network, including attending regular meetings.
• Execute due diligence and audit processes for delegated authority relationships, ensuring adherence to risk and compliance frameworks.
• Track and achieve all KPIs and SLAs for contractual obligations.

What you need to have:

• Proven experience working within Casualty insurance from an Underwriting, Broking, or Claims background.
• Comprehensive understanding of London insurance market dynamics and core processes.
• Technical insurance knowledge on Casualty Insurance (International/US).
• Excellent communication and interpersonal skills.

What makes you stand out:

• Experience using the Placing Platform Limited (PPL) or Whitespace when placing risks.
• Experience in handling delegated authority business is beneficial.

Why join our team:

• We support your professional development through various opportunities, interesting work, and supportive leadership.
• We foster a vibrant and inclusive culture where talented colleagues create innovative solutions and make an impact.
• Our scale offers diverse career opportunities, benefits, and rewards to enhance your well-being.

Marsh, a business of Marsh McLennan (NYSE: MMC), is the world’s top insurance broker and risk advisor. Marsh McLennan is a global leader in risk, strategy, and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. With annual revenue of $23 billion and over 85,000 employees, Marsh McLennan helps build confidence to thrive through the power of perspective. For more information, visit marsh.com or follow us on LinkedIn and X. Marsh McLennan is committed to embracing a diverse, inclusive, and flexible work environment. We aim to attract and retain the best talent and embrace diversity of age, background, civil partnership status, disability, ethnicity, family duties, gender, nationality, personal or social status, political beliefs, race, religion, sex/gender, sexual orientation, skin color, or any other characteristic protected by law. We are an equal opportunity employer and committed to providing reasonable adjustments for candidates with disabilities. For accommodations, please contact us. We support hybrid work arrangements, combining remote work with in-office collaboration, with colleagues expected to work onsite at least three days per week, including a designated "anchor day".