994 Best financial market Jobs in London (September 2025) - page 3

Bspoke Insurance Group

Development Underwriter

19 hours ago

City of London

Development Underwriter – Miramar Underwriting Hybrid – 2 days per week in the London office £55,000 - £60,000 per annum + benefits Hello from Bspoke Insurance Group! We know you’ll likely search for us before applying, so we’ll keep this short. The Bspoke Group provides insurance solutions tailored for an evolving world. We’re proud to have been awarded MGA of the year in the National Insurance Awards 2025. Our vision is to offer niche products through multiple distribution channels, whilst maintaining our specialist trademark. As part of the Bspoke group we have Miramar Underwriting who are a leading insurance MGU, specialising in commercial and residential property insurance product We’re rapidly growing, and that’s where you come in. Why join Bspoke? Joining Bspoke means more than just having a job. We don’t follow the usual corporate path – instead, we embrace a dynamic and non-traditional approach. We’re a driven, passionate team that’s genuinely excited about what we do, and we’re proud of it. Delivering exceptional experiences for both our colleagues and customers starts with ensuring a fantastic experience for our team. Our values serve as a compass reflect our Group’s core principles and ethics, to enable us to deliver the best outcomes for our colleagues. Here’s a snapshot of our values, so you can see what we’re all about: Relentlessly collaborate, defeated by nothing, proud to be ambitious, agile at our core and we are our people. Role overview The Development Underwriter is responsible for managing coverholder relationships, by collaborating with new and existing coverholders to grow a profitable portfolio through Delegated Authority of schemes. The Development Underwriter will also work with the Group Sales team, to convert new business opportunities for both new and existing coverholders. Key Accountabilities Underwriting and Referrals: • To underwrite risk referrals from Coverholder clients within strict timescales and to your own specified authority levels., • Create and continually develop underwriting rules and guidelines suitable for our areas of expertise, being residential and commercial property business, with particular emphasis on non-standard business., • Establish suitable and flexible underwriting parameters for Coverholder facilities so that the Coverholder has the controlled freedom to place appropriate policies under such facility and grow their account in a profitable manner. Management and Analysis: • To monitor business levels for Coverholder accounts, with particular focus given to identifying trends in GWP, claims, catastrophe aggregate and average rates, with appropriate analysis and corrective action is taken where required., • Work with coverholders to share and discuss findings, so that mutually agreed actions can be taken for the benefit of the mutual relationship., • Support Coverholders to provide all required bordereaux and statistical information by the required deadlines., • Monthly bordereaux review to ensure that the data provided is accurately declared to our Insurer partners, and meets underwriting criteria set under delegated authority. Product Development and Governance: • To develop new products for Coverholders, which will include policy wordings, underwriting guides, rating structures and other supporting policy documentation., • Draft and amend product documentation, as required., • Working alongside the Group Product team, to customer documentation meets required standards., • Ensure all products are constructed in line with the latest FCA and industry guidelines, focusing on ‘plain English’ language and the relevant Consumer & Insurance Act requirements., • Review performance and claims activities to ensure any necessary amendments to rating or coverage levels. Claims and Complaints Referrals: • Assist with any Insurer claims referrals where there is an underwriting/coverage query and assist with providing evidence for any complaints., • Liaise with claims counterparts of insurer partners in respect of large and/or difficult claims and with any complaints where appropriate., • Represent at claims meetings with relevant parties as appropriate, providing technical underwriting support., • Review Insurer & TPA Claims partners statistical reports and information to conduct detailed oversight to support product and pricing development. Compliance and Regulatory: • Solid understanding of regulatory compliance requirements, including FCA rules., • Solid understanding of Delegated Authority, • A working knowledge of the law as it relates to insurance., • Customer documentation is in line with current legislation., • Liaise with First Line Auditor and Underwriter regarding Coverholder audits, ensuring that subsequent requirements and recommendations are satisfactorily implemented. Bordereaux Review and Monthly Coverholder Figures: • To review the monthly risk bordereau sent through by coverholders, and liaising with underwriter and coverholders to resolve any queries., • Highlight to underwriters of any noticeably improved or poor performing months in respect of the coverholders, providing technical underwriting recommendations., • Review the master figures for each coverholder – including the premium development for each month., • Support any changes to the bordereaux template with the underwriter and coverholder. Skills And Knowledge Underwriting & Product Knowledge • Extensive underwriting experience across core market products, ideally within areas Property and Non-Standard household insurance., • The ability to review and put forward appropriate recommendations on pricing, to ensure pricing models allow profitable growth., • A sound and working knowledge of market wordings, products, and Bspoke policy documentation., • The ability to apply strong underwriting judgment and expertise in risk assessment and decision-making. Commercial & Negotiation Skills • Strong trading and negotiation capabilities with the ability to gain maximum benefit from these skills to achieve commercially sound outcomes., • A high level of numeracy to effectively interpret financial and risk data., • Work with the Group Distribution team on new opportunities Interpersonal & Communication • Good knowledge of the delegated authority environment and the ability to build and maintain strong coverholder relationships., • Excellent written communication skills, with the ability to write in plain English and avoid unnecessary jargon., • A strong customer focus and the ability to understand and anticipate customer needs. Personal Attributes • High attention to detail and the ability to work accurately and consistently., • Proven ability to work to tight deadlines and perform effectively under pressure., • An enthusiasm for personal development and a willingness to support the development of others. Experience and Qualifications Essential • Experience: A minimum of 5 years of proven experience in an underwriting role, with a strong focus on core market products and within a delegated authority environment., • Qualifications: You must hold the CII Certificate in Insurance (Cert CII) or an equivalent professional qualification., • Knowledge: Demonstrable knowledge of the UK's regulatory framework for insurance, including relevant FCA rules and compliance requirements. Desirable • Experience: Previous experience dealing with specialist property, including non-standard household products is highly beneficial., • Qualifications: Progress toward the CII Diploma in Insurance (Dip CII) is preferred Sounds like you? We at Bspoke are ready so if this role sounds like you apply today. If we’re lucky to be inundated with quality applications we may close the application early, so what are you waiting for?

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