Senior Underwriter

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

1. 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.

2. 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.

3. 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.

4. 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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