Senior Underwriter - Financial Institutions

New Vacancy - Senior Underwriter (Financial Institutions)
City of London
Hybrid

I am currently recruiting for a leading Lloyd's Insurer who are seeking an Senior Underwriter to join their growing FI team. You will be Underwriting a broad range of FI risks on a global basis including Asset Managers, Banks and more.

This role will be working closely with the FI team to grow and build out the portfolio, Underwriting a range of FI/Commercial D&O products in the mid-market space. My client is looking for either an (Senior) Underwriter or Broker with at least 7/8+ years experience in the FI space.

Key Responsibilities

• Underwriting & Risk Assessment - Underwrite and negotiate Directors & Officers (D&O) and Financial Institutions (FI) accounts, ensuring alignment with company strategy, quality of risk, and individual underwriting authority.
• Business Development - Drive growth through new and renewal business, maintaining strong broker relationships and achieving agreed Gross Written Premium (GWP) targets.
• Portfolio Ownership - Take full accountability for underwriting decisions, profitability, and the ongoing development of your portfolio.
• Relationship Management - Build and maintain effective relationships with brokers, insurers, and clients, including travel and client engagement activities where required.
• Client Engagement - Actively participate in client and broker meetings, taking a lead role where appropriate and fostering reciprocal engagement opportunities.
• Compliance & Governance - Ensure all underwriting activities comply with relevant legislation, company underwriting agreements, and industry best practices.
• Market Insight - Maintain a strong understanding of market trends and competitive activity, particularly within the SME and mid-market D&O and FI segments.
• Strategic Contribution - Collaborate with the leadership team to shape and deliver the strategic business plan for the D&O and FI portfolio. Identify new markets, business opportunities, and broker relationships to support sustainable growth.
• Team Leadership & Development - Provide mentorship, technical guidance, and support to junior underwriters. Act as a referral point for complex cases, promote best practices, and contribute to continuous improvement in underwriting processes and team performance.
• Risk Management & Regulatory Compliance - Uphold the highest standards of compliance with FCA regulations and internal risk management frameworks, maintaining accurate underwriting documentation and ensuring all activities adhere to company and regulatory requirements.

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