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Permanent

CLASS UNDERWRITER: FINPRO

London
money-bag Negotiable
EC274D6EEC53DB8476A7E4695000D088
Posted 1 week ago

Overview

Santam Syndicate 1918 is seeking a Class Underwriter – FINPRO based in the UK with the right to work in the UK.What will you do?

We are seeking a technically strong, reputable and commercially minded Class Underwriter – FINPRO to lead and manage a diverse portfolio of Financial and Professional Liability risks. This role is critical in driving profitable growth across products such as Professional Indemnity (PI) and Financial Institutions (FI). You will shape underwriting strategy, develop broker relationships, and ensure the quality and performance of the FINPRO book.What will make you successful in the role?

Key Responsibilities:Own and manage the FINPRO portfolio, ensuring disciplined underwriting and strong technical performance.Underwrite new and renewal business in accordance with syndicate philosophy and within the appetite and agreed underwriting authority.Draft and agree the underwriting philosophy business plan and strategy with the CUO/Active Underwriter.Assess complex financial and professional liability risks, applying strong technical and commercial judgment.Contribute to the development and evolution of FINPRO products including PI and FI classes.Collaborate with claims, actuarial, and legal teams to enhance policy wordings, pricing models, and underwriting tools.Monitor emerging exposures (e.g. ESG, regulatory developments) and adapt strategy accordingly.Build and maintain strong relationships with key brokers, MGAs, and clients using the London market.Negotiate complex placements and support large case underwriting across all FINPRO classes.Represent the company at industry events, broker forums, and market presentations.Where necessary visit clients offices and attend conferences overseas.Monitor portfolio performance using loss ratios, rate movements, risk mix, and underwriting metrics.Identify areas of growth and underperformance and recommend corrective actions.Work with claims, actuarial and pricing teams on profitability reviews and business planning.Have input into the reinsurance data, structure, information and placement.Governance and Collaboration:Ensure underwriting activity is compliant with internal controls and external regulatory requirements.Contribute to audit readiness, peer reviews, and referral processes.Collaborate with claims, legal, risk, finance, and compliance teams to ensure holistic risk and business oversight.Provide technical guidance to underwriters or assistants.Support internal training initiatives and knowledge sharing within the team.Qualifications and Experience

10+ Years ExperienceProven experience in underwriting FINPRO risks (e.g. PI, FI, Commercial Crime) within the Lloyd’s insurance market.Solid understanding of legal, regulatory, and financial exposures impacting professional and financial lines.Excellent risk assessment, pricing, and negotiation skills.Strong broker relationships and a reputation for technical credibility and commercial acumen.Familiarity with market-standard wordings and the ability to adapt to bespoke coverage needs.Experience working with large corporate accounts and international programmes.Exposure to specialty markets, such as Lloyd’s or MGA-led distribution.Awareness of ESG, and regulatory trends impacting FINPRO risks.Knowledge and Skills

Delivering results and meeting customer expectationRelating and networkingAnalysesApplying expertise and technologyAchieving personal work goals and objectivesPlanning and organising skillsProblem SolvingNegotiatingBusiness Acumen/KnowledgeBusiness AnalysisPersonal Attributes

Drives resultsDeciding and initiating actionLeading and supervisingClient focusFlexibility and adaptabilityCultivates innovationStrategic decision makingAnalytical thinkingBusiness acumenCoaching and developmentWho we are

Santam Syndicate 1918 is a new wholly owned and capitalised entity of Santam Insurance, the largest insurance company in South Africa with a 107 year heritage. 1918 is strategically important in expanding and developing Santam’s international footprint, through access to the London market talent, distribution network and Lloyd’s global insurance and reinsurance licenses.Our syndicate is a London managed and run business, with a strong, experienced leadership team, focused on underwriting discipline, whilst allowing our teams to feel empowered and accountable for their actions. We are building a collaborative team where underwriting, claims, actuarial and other functions work closely, to help achieve superior underwriting results.At Santam Group we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with the aim to create an inclusive workforce.Seniority level

Mid-Senior levelEmployment type

Full-timeJob function

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