Underwriter

Introduction At Pen, we don’t just underwrite risk, we unlock possibility. We’re a dynamic underwriting and distribution business backed by the strength of Gallagher and powered by a belief that every challenge has a solution. With entrepreneurial energy, niche expertise, and a bold growth mindset, we’re transforming what it means to be an MGA in today’s insurance landscape. Whether you’re shaping new products, solving complex problems, or collaborating across teams, your ideas and initiative will help deliver smarter solutions for our clients—and move the industry forward. Here, agility meets stability. Creativity meets execution. And your career meets real opportunity. At Pen, we champion innovation, value accountability, and thrive on building something better together. If you’re looking to join a team that’s rewriting the future of underwriting, we’d love to hear from you. Overview As an Underwriter for Bristol Underwriting Management, a division of Pen Underwriting, you will be responsible for adding to the sustainable growth of the Professional Indemnity book by delivering profitable premium and conversion growth across the business and contributing in developing and implementation of the underwriting strategy. You will help drive the strategic planning/direction of the business and its products. You will also be responsible for interacting and collaborating with colleagues internally and building relationships with new brokers as well as maintaining and improving existing broker relationships and partner insurers. How you'll make an impact • Underwrite and assess risk adhering to the underwriting philosophy, rules and guidelines, use of rating tools and pricing methodologies and documentation standards to maximise business growth and profitability. • Actively participates in seeking new business opportunities within existing relationships and within the wider insurance market. • Engaging with brokers in servicing and renewal of the existing book that supports underwriting strategy, consistent with business growth and target loss ratio. • Taking underwriting referrals, providing expert underwriting guidance, coaching and mentoring to less experienced underwriters - helping them build product specific knowledge and sales skills amongst underwriters to ensure the profitability and sustainability of the portfolio. • Develop and maintain strong broker relationships across the regions and contributing to the team’s goal of writing a sustainable portfolio of professional indemnity business • Develop and leverage productive relationship within other departments to Collaborate with cross-functional teams to optimise processes and enhance overall efficiency. • Actively participate in regularly scheduled strategy, Sales and underwriting meetings. • Analyse market trends, competitor activities, and regulatory changes to identify opportunities and threats. • Perform other duties and projects as assigned. About You • Underwriting experience required • Professional Indemnity experience required • Chartered Insurance Institute (CII) Certification preferred. • Working knowledge of the insurance marketplace. • Demonstrates an ability and desire to learn about the enterprise and business unit critical business issues and financial drivers. • General knowledge of organisational and regulatory rules, policies and procedures and effectively employs that knowledge in day-to-day work activities. • Demonstrates basic ability in the areas of customer focus and positive broker interaction. • Basic analytical thinking/financial acumen. • Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making. #LI-EO1 Compensation and benefits On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve: • Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days • Defined contribution pension scheme, which Gallagher will also contribute to • Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x • Income protection, we’ll cover up to 50% of your annual income, with options to top up • Health cash plan or Private medical insurance Other benefits include: • Three fully paid volunteering days per year • Employee Stock Purchase plan, offering company shares at a discount • Share incentive plan, HMRC approved, tax effective, stock purchase planCritical illn