Underwriter – Reinsurance, Property

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Role Overview

An experienced Property Treaty underwriter needed to play a key role in a high‑performing reinsurance team. The role involves underwriting in a technically focused environment while shaping portfolio performance through disciplined, sustainable decision‑making.

Responsibilities

• Contribute to the delivery of the annual portfolio business plan, applying sound judgement to underwriting decisions in line with wider strategic objectives.
• Support portfolio planning through research, analysis and project work, helping inform underwriting and growth decisions.
• Ensure full compliance with all legal, regulatory and governance requirements, maintaining the highest underwriting standards.
• Apply underwriting guidelines, standards and best practice to optimise risk selection, efficiency and portfolio performance; support accurate risk recording, monitoring and reporting, contributing to strong data quality and control.
• Build and maintain strong, trusted relationships with brokers, customers, business partners and internal stakeholders to maximise influence and outcomes.
• Develop a strong understanding of market dynamics and underwriting cycles to operate effectively in changing market conditions.
• Play an active role in achieving business objectives, including negotiating rates, terms and conditions, managing renewals and new business, and ensuring contract certainty.
• Participate in ongoing portfolio review and performance analysis, identifying trends, opportunities and areas for corrective action.
• Contribute to aggregate management and peer review processes, promoting technical excellence, consistency and continuous improvement.

Qualifications

• Experience within property treaty reinsurance gained in an underwriting or broking capacity.
• Strong technical capability, including confident use of Excel, databases and relevant underwriting or departmental systems.
• Practical understanding of catastrophe modelling and loss models, with experience using risk profiling, pricing tools and platforms such as RMS/Verisk.
• Sound knowledge of UK legal and regulatory requirements, including FCA and Lloyd’s frameworks, and how these apply in a reinsurance context.
• Proven ability to build and maintain strong relationships with brokers and internal stakeholders, demonstrating effective stakeholder management and clear communication.
• Highly organised with strong analytical, prioritisation and stakeholder management skills, able to underwrite effectively in a fast‑paced and evolving market.

Benefits

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working – our flexible working opportunities are open to all, including part‑time, job share and compressed hours.
• Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
• Private medical insurance – we fund fully comprehensive private medical cover for you and your family.
• Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
• Short‑term remote work abroad – you can request up to 20 days per year to work remotely from certain locations abroad.
• Sustainable investing – we believe sustainable integration is important for long‑term financial, environmental, and social outcomes. Our pension strategy supports our net‑zero goal to achieve year‑on‑year reductions in carbon footprint by investing more in green businesses than the broader market.
• Cycle‑to‑Work – benefit from regular exercise whilst making your commute greener and cheaper; select and bike and/or accessories up to the value of £5,000.

Equal Employment Opportunity

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

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