D&O and FI Senior Underwriter

Nexus Group; City of London; On-site; GBP 65,000 - 85,000; Full time

Job summary

A fast-growing insurance company in London is seeking an experienced Senior Underwriter to manage key broker relationships and underwrite D&O and FI accounts. This role demands a minimum of 5 years of experience in underwriting and a solid understanding of D&O and FI products. You'll be responsible for driving new business while ensuring compliance and mentoring junior underwriters. The position offers opportunities for autonomy and strategic contributions within a dynamic team.

Qualifications

• 5+ years of underwriting experience in D&O and Financial Institutions.
• Strong relationships with key brokers and proven ability to source new business.
• Excellent understanding of D&O and FI products and ability to analyze financial statements.

Responsibilities

• Underwrite and negotiate D&O and FI accounts.
• Drive new business and maintain broker relationships.
• Ensure compliance with FCA regulations and industry best practices.
• Support development and execution of the strategic business plan.

Skills

Underwriting experience in D&O and Financial Institutions

Relationship management

Financial analysis

Business development

Mentorship

Job description

Be among the first 25 applicants. Direct message the job poster from Nexus Underwriting.

We have an exciting opportunity to join our growing D&O and FI team as a Senior Underwriter. In this role, you will take ownership and accountability for key pieces of business and key broker relationships, both regionally/internationally and within the London Market.

Working within an experienced team, this role is suited for those wanting autonomy to develop and underwrite their own book of business while playing an integral part in the growth of the D&O and FI portfolio.

The role involves working within underwriting parameters and authority levels to foster new and existing broker relationships by delivering high-quality underwriting and servicing for both renewal and new business. As part of a fast-growing MGA, we focus on delivering tailored solutions to SME and mid-market companies.

This position will involve working closely with the leadership team to implement strategic goals and drive profitable growth. Additionally, you will support the development of junior underwriters and contribute to product development in line with company objectives.

Who we are

• Fast-growing MGA with over 15 years of Financial Lines experience
• Experts in niche sectors and deep understanding of risks
• Empowered teams that make decisions quickly
• Flexible underwriting approach to offer tailored, sustainable solutions
• Strong capacity backed by a solid financial rating

Responsibilities

• Underwriting & Risk Assessment: Underwrite and negotiate D&O and FI accounts, ensuring consistency with risk quality, aligned with the company’s strategy, and within individual underwriting authority.
• Business Development: Drive new business and maintain broker relationships by writing new and renewal business in line with agreed targets for Gross Written Premium (GWP). Take accountability for underwriting decisions and own the development and profitability of your book of business.
• Relationship Management: Develop and maintain close, effective relationships with brokers, insurers, and clients, including travel and client entertainment where necessary.
• Client Meetings: Encourage reciprocal visits from brokers and customers, actively participate in meetings and take a lead role where appropriate.
• Compliance: Ensure all underwriting activity complies with relevant legislation, underwriting agreements, and industry best practices. Stay informed about market conditions, especially in the SME and mid-market segments for D&O and FI lines.
• Strategic Contribution: Work with the leadership team to support the development and execution of the strategic business plan for the D&O and FI portfolio. Actively seek new markets and opportunities for growth, providing recommendations for expansion. Lead the identification of new business pipelines and manage broker portfolios.
• Mentorship & Process Improvement: Provide guidance, mentorship, and technical support to junior underwriters. Serve as a referral point for complex cases, offering support and advice. Assist in developing underwriting processes and best practices to improve team efficiency and consistency.
• Compliance & Risk Management: Ensure all underwriting activities comply with FCA regulations and other relevant legislation. Maintain accurate documentation and adhere to internal risk management practices.

Experience

• 5+ years of underwriting experience in D&O and Financial Institutions, with a proven track record in managing complex risks.
• Experience working with SME and mid-market companies.
• Leadership or mentoring experience preferred.
• Strong relationships with key brokers, proven ability to source new business and manage a portfolio effectively.
• Excellent understanding of D&O and FI products, including regulatory requirements and corporate governance.
• Ability to analyse financial statements and corporate structures to assess risk.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Business Development and General Business

Industries

Insurance

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