Commercial Underwriting Manager

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).