Job at a glance
Commercial Underwriting Manager Salary: Up to £100,000 Location: London Sector: Commercial Insurance – Property & Casualty Purpose of Role A leading London-market MGA is seeking an experienced Commercial Underwriting Manager to lead and develop their Property & Casualty underwriting function. This is a senior leadership role responsible for driving profitability, maintaining underwriting discipline, and mentoring a team of underwriters across a broad commercial book of business.
Responsibilities • Own and manage the commercial P&C underwriting portfolio, ensuring profitability and growth targets are met. • Set and enforce underwriting guidelines, risk appetite, and pricing frameworks in line with business strategy. • Lead, mentor, and develop a team of underwriters, fostering a high-performance culture. • Build and maintain strong broker relationships to drive new business and retain existing accounts.
• Collaborate with actuarial, claims, and finance teams to deliver data-driven underwriting decisions. • Monitor market trends and competitor activity, adapting strategies to maintain a competitive edge. • Report underwriting performance to senior leadership, providing insight and recommendations. Day-to-Day • Review, assess, and sign off on complex and high-value commercial risks within delegated authority.
• Conduct portfolio reviews and contribute to quarterly business planning cycles. • Attend broker meetings and market events to maintain and develop new business pipelines. • Provide technical guidance and referral support to junior underwriters. • Oversee adherence to regulatory requirements and internal compliance frameworks. Experience • 5–8 years of commercial underwriting experience, with at least 2 years in a managerial or lead capacity.
• Demonstrable expertise across Property & Casualty commercial lines. • Proven track record of managing profitable books of business within a London market or Lloyd's environment. • Experience working with brokers and managing key account relationships. • Background in portfolio management, pricing strategy, and risk analysis. Skills • Strong technical underwriting knowledge across commercial P&C product lines.
• Excellent leadership and people management skills with the ability to develop talent. • Commercially astute with strong negotiation and relationship-building abilities. • Analytical mindset with proficiency in using data and MI to inform underwriting decisions. • Effective communicator at all levels, from underwriting teams to senior stakeholders. • ACII qualified or working towards qualification (preferred).