Senior Professional Indemnity / Financial Lines Underwriter

1 Month ago • All levels • Financial Analysis

Job Summary

Job Description

The Senior Financial Lines Underwriter will be responsible for implementing the underwriting strategy for professional indemnity insurance products. They will work within established risk appetite and build strong relationships with brokers and capacity partners. The role involves providing excellent customer service, contributing to product profitability, and improving technical underwriting capabilities. The underwriter will also have the opportunity to deputize for the Product Head. The role is within a busy, experienced team within a growing Managing General Agency (MGA).
Must have:
  • Proven track record in professional indemnity underwriting
  • Thorough understanding of the financial lines insurance market
  • High levels of underwriting authority for professional indemnity
Good to have:
  • Experience with e-trade platforms, particularly Acturis
  • Professional qualifications such as Cert, Dip, or ACII
  • Experience working within an MGA model
  • Established trading relationships with UK independent brokers
Perks:
  • Professional development opportunities
  • Interesting work
  • Supportive leaders
  • Vibrant and inclusive culture
  • Career opportunities
  • Benefits and rewards

Job Details

Company:

Victor

Description:

R_306748 - Senior Professional Indemnity / Financial Lines Underwriter

We are seeking a talented individual to join our Financial Lines / Professional Indemnity Underwriting team at Victor Insurance UK.

Victor UK is seeking candidates for the following position. Access to London, Cambridge, Bristol, Leeds or Witham would be beneficial for office attendance.

Victor and its businesses operate as managing general agency (MGA), offering a wide range of property, liability, motor and specialty insurance products in countries around the world.  The Senior Financial Lines Underwriter will join a busy team of experienced professionals based in the UK.

We will count on you to:

  • Directly contribute to and implement the underwriting strategy for all products, working within our established risk appetite
  • Develop a successful career as part of a tight-knit, busy, knowledgeable and established team within a growing MGA
  • Act within underwriting authority and be a technical referral point where appropriate
  • Build strong relationships with broking & capacity partners and internal stakeholders
  • Attend networking and insurance events as well as broker visits
  • Provide superior customer service, delivering the required product profitability, providing feedback to internal stakeholders regarding trading/market trends and improving technical underwriting capabilities.
  • Opportunity to deputise for the Product Head when appropriate and necessary

What you need to have: 

  • Proven track record of professional indemnity insurance underwriting
  • A thorough understanding of the financial lines insurance market
  • Previously held high levels of underwriting authority for professional indemnity insurance
  • Experience of working in teams and successfully delivering results

What makes you stand out?

  • Experience of e-trade platforms and in particular Acturis
  • Professional qualifications – Cert, Dip or ACII
  • Experience of working within an MGA model
  • Established trading relationships with UK independent brokers

Why join our team:

  • We help you be your best through professional development opportunities, interesting work and supportive leaders.
  • We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
  • Our scale enables us to provide a range of career opportunities, as well as 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 $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow on LinkedIn and X.

Victor offers a connected culture of talented, inspired individuals, and a work environment where colleagues can grow and succeed. At Victor, your voice is heard, your skills are sharpened and your ambitions nurtured. We value diversity in thought and background and are looking for individuals who are up for the challenge of creating the insurance enterprise of the future. If that’s you, join us on our journey—with us by your side, you’ll be ready to tackle tomorrow’s challenges. Victor Insurance Managers LLC (“Victor”) is one of the world’s largest managing general underwriters with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. It handles more than $4 billion USD in premium on behalf of numerous insurance carriers, through a large network of more than 20,000 active insurance agents and brokers. With deep, specialized underwriting expertise, the company delivers a wide range of insurance solutions – from specialty property and casualty and professional liability insurance to group and retiree benefits. Victor is committed to building on 65-plus years of experience to develop products and services that address the complex needs of its customers. For more information, visit www.victorinsurance.com.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@mmc.com.

Marsh McLennan is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh McLennan colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

#VictorUK

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About The Company

Marsh McLennan (NYSE: MMC) is the world's leading professional services firm in the areas of risk, strategy and people. The Company's 76,000 colleagues advise clients in over 130 countries. With annualized revenue approaching $17 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Guy Carpenter develops advancedrisk,reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.

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