Underwriter - Property and Casualty

The Travelers Indemnity Company; Greater London; Hybrid; GBP 40,000 - GBP 60,000; Full time

Job summary

A leading property casualty insurer in Greater London is looking for an Underwriter experienced in property and casualty insurance. The role involves managing a portfolio of accounts, underwriting risks, and fostering strong relationships with brokers. The ideal candidate will possess analytical skills and a good knowledge of the local insurance market. A flexible hybrid work model is offered. Join us to make a meaningful impact in a collaborative environment.

Benefits

Private Medical Insurance

Qualifications

• Experience in underwriting or financial analysis is essential.
• Knowledge of products and the regulatory environment is required.

Responsibilities

• Manage profitability and retention of assigned accounts.
• Underwrite risks and negotiate terms effectively.
• Cultivate relationships with brokers and internal partners.
• Proactively manage submissions and identify new business opportunities.

Skills

Analytical/Critical thinking

Communication skills

Understanding of local insurance market

Education

A Levels or similar qualification

Job description

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Target Openings

1

What Is the Opportunity?

Business Insurance helps companies in the UK and Ireland identify, prepare for and mitigate risks by offering a broad array of industry‑specific, combined property and casualty insurance solutions to customers. This includes SME solutions traded directly, Commercial Accounts traded via brokers, and Corporate Solutions to FTSE 350 Risk Managed companies.

We are looking for an Underwriter with previous property & casualty experience to join our existing business team in London. You will be able to demonstrate technical underwriting expertise as well as the ability to build both internal and external relationships to drive exceptional results.

In this role, you'll proactively manage submissions, quotes, and binds for renewals while building strong broker relationships to deliver innovative insurance solutions to customers. You'll analyse and evaluate risk within your assigned portfolio, using your decisive and detail‑oriented approach to achieve business goals. Your ability to independently assess risk, negotiate terms, and sell our products will be essential to Travelers' sustainable profitability and success.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part‑time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

• Manage the profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.
• Underwrite and skillfully negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
• Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
• Identify and take corrective action in collaboration with your Manager / Team on individual risk characteristics identified through Portfolio Management.
• Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
• Proactively utilise various technology platforms to quote and bind risk efficiently.
• Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.
• Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross‑selling opportunities.
• Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
• Develop and execute retention plans and support the new business teams to win business that align with the team’s sales plans to drive success working in partnership with the sales team.
• Train and mentor less experienced underwriters.
• Support and collaboration for more junior members of the team, including referrals.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• A Levels or similar qualification.
• Knowledge: Good knowledge of products, the regulatory environment, and the local insurance market.
• Analytical/Critical thinking: Good critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
• Communication/Influence: Communication skills with the ability to successfully negotiate with brokers.
• Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
• Industry / Competitor Analysis: Review competitor press releases and industry trade press for helpful insights, linking key themes together.
• Project Management: Participate in projects that involves analysis and the implementation of non‑complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.

What is a Must Have?

• Good experience of underwriting, product knowledge, financial analysis, or risk assessment experience.

What Is in It for You?

• Private Medical Insurance:On commencement of employment, you are eligible for single cover provided by Travelers, with the option to