Senior Underwriter (Deputy Head of Underwriting – Designate)
Location: Flexible / Hybrid – Some business travel required.
Reporting to: Head of Underwriting
Business: Moralis Limited
Overview
Moralis is launching a specialist Commercial Property Owners and Commercial Unoccupied MGA focused on disciplined underwriting, service‑led distribution, and a sub‑30% loss ratio across all product lines.
We are seeking a Senior Underwriter who will initially support the Head of Underwriting and transition into a Deputy Head of Underwriting role within 12–18 months as the business scales.
This is not a traditional underwriting role. The position is designed for a commercially astute relationship builder who understands property underwriting deeply and can represent the business externally with credibility and authority.
Role Purpose
- Act as a senior representative of the MGA to brokers and capacity partners.
- Develop and manage strategic broker relationships.
- Support performance reporting and capacity dialogue.
- Oversee referral decisions, particularly around claims.
- Deputise for the Head of Underwriting when required.
The role is weighted towards relationship management and commercial oversight rather than day‑to‑day transactional underwriting.
Role Split (Indicative)
- 90% Broker & Market Relationship Development
- 5% Reporting & MI Review
- 5% Technical Underwriting / Claims Referral Oversight
Key Responsibilities
- Broker Relationship Management (Primary Focus)
- Build and maintain strong relationships with key regional and independent commercial brokers.
- Identify profitable books suitable for transfer.
- Support onboarding of new broker partners.
- Conduct broker visits.
- Ensure appetite clarity and consistent underwriting message.
- Monitor broker‑level and whole‑account profitability and performance.
- Proactively manage underperforming relationships.
- Market & Capacity Engagement
- Attend monthly capacity meetings.
- Present underwriting performance summaries.
- Support discussion around loss ratio trends, RBR movement, aggregation monitoring, and referral trends.
- Represent the MGA professionally in capacity discussions.
- Assist in strategic planning discussions.
- Technical Oversight & Referral Management
- Review claims referrals outside TPA authority limits.
- Ensure underwriting discipline and pricing integrity.
- Support maintenance of rating tables and appetite controls.
- Aiding Moralis Limited in obtaining full FCA authorization.
- Reporting & MI Oversight
- Review system‑generated underwriting and claims performance reports.
- Identify early warning trends.
- Support quarterly pricing adequacy reviews.
- Contribute to annual product review.
Future Development (12–18 Months)
- Formal appointment as Deputy Head of Underwriting (subject to performance).
- Increased involvement in capacity negotiations.
- Participation in recruitment decisions and product development.
- Broader strategic leadership responsibilities.
- Equity proposition possible once the business is operating sustainably.
Candidate Profile
Essential Experience
- Minimum 5 years property underwriting experience.
- Strong knowledge of Commercial Property Owners and Unoccupied Property.
- Demonstrated broker relationship management capability.
- Experience handling referrals and complex risk decisions.
Desirable Experience
- Exposure to delegated authority / MGA structures.
- Involvement in capacity reporting.
- Understanding of loss ratio management and RBR concepts.
- Experience with performance‑led portfolio management.
- Experience operating on Acturis or equivalent software house.
- Knowledge of Residential Property to support future product expansion.
Personal Attributes
- Commercially confident and credible.
- Relationship‑led but disciplined in underwriting approach.
- Comfortable presenting to brokers, insurers and senior stakeholders.
- Strategic thinker with long‑term mindset.
- Data‑aware and comfortable interpreting MI.
- Calm and measured decision‑maker.
- Able to work with autonomy and coordinate own diary.
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