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