Commercial Portfolio Underwriter

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