Experienced in managing commercial underwriting portfolios, including PI & looking for a new exciting challenge? Let's connect!
About the role
Our Portfolio Underwriter will be responsible for managing a portfolio of commercial package policies, primarily across UK Property & Casualty classes, while supporting selective underwriting of Professional Indemnity risks.
The role focuses on delivering profitable growth, maintaining underwriting discipline, and building strong broker relationships.
What you'll get up to:
- Underwrite new business, renewals, and mid-term adjustments within delegated authority.
- Evaluate risk across core P&C lines including:
- Property (material damage, business interruption)
- Liability (employers, public, and products liability)
- Support underwriting of Professional Indemnity risks with guidance where required.
- Apply technical underwriting judgement to assess exposure, coverage, and pricing adequacy.
- Manage a defined book of package business to achieve profitability and growth targets.
- Monitor portfolio performance (loss ratios, retention, rate adequacy).
- Identify trends and take corrective underwriting actions.
- Build and maintain strong relationships with UK regional brokers.
- Support new business development through broker visits and presentations.
- Apply rating tools, underwriting guidelines, and market insight to price risks appropriately.
- Ensure policy wordings, endorsements, and coverage align with risk appetite.
- Contribute to wording enhancements, especially in P&C package products.
- Ensure underwriting decisions comply with internal authority levels and regulatory requirements (Financial Conduct Authority standards).
- Maintain accurate documentation and audit trails.
- Strong grounding in UK commercial P&C underwriting.
- Working knowledge of Professional Indemnity underwriting principles.
- Ability to interpret underwriting data, claims trends, and financial metrics.
- Sound judgement in balancing risk vs reward.
- Confident communicator with brokers and internal stakeholders.
- High level of accuracy in policy construction and documentation.
About you:
- Experience in UK commercial underwriting.
- Exposure to package policies or SME/mid-market business preferred.
- Experience in Professional Indemnity is desirable.
- Progress towards or completion of a professional insurance qualification (e.g. CII).
- Experience contributing to portfolio analysis, pricing reviews, or underwriting strategy.
- Demonstrable underwriting judgement with the ability to balance risk, pricing, and commercial considerations.
- Experience working with brokers and managing broker relationships.
- Good understanding of FCA regulation and the UK insurance market.
- Strong organisational skills with the ability to manage competing priorities.
In return, we offer you:
- A competitive salary and the ability to grow your career
- 25 days holiday - so there’s plenty of time for work, rest and play
- Hybrid way of working for the perfect work / life balance
- Vitality private health and dental insurance
- Added benefits including competitive pension and salary sacrifice
- Access to financial wellbeing platform Mintago
- Full access to Spill, our mental health platform
- Cycle to work scheme
- Fun and modern office environment with regular team social events
- Glasgow City Centre location