Senior Underwriter

Senior Underwriter – Pen Underwriting UK – Manchester, England, United Kingdom.

At Pen, we don’t just underwrite risk – we unlock possibility. We are a dynamic underwriting and distribution business, backed by the strength of Gallagher, 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.

As a Senior Underwriter for Manchester 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.
• Contributing to the development and implementation of the underwriting strategy.
• Driving the strategic planning and direction of the business and its products.
• Interacting and collaborating with colleagues internally and building relationships with new brokers as well as maintaining and improving existing broker relationships and partner insurers.

• Underwrite and assess risk adhering to the underwriting philosophy, rules and guidelines, using rating tools and pricing methodologies to maximise business growth and profitability.
• Actively seek new business opportunities within existing relationships and within the wider insurance market.
• Engage with brokers in servicing and renewal of the existing book that supports underwriting strategy, consistent with business growth and target loss ratio.
• Take underwriting referrals, providing expert guidance, coaching and mentoring to less experienced underwriters – helping them build product‑specific knowledge and sales skills.
• Develop and maintain strong broker relationships across the regions, contributing to the team’s goal of writing a sustainable portfolio of professional indemnity business.
• Leverage productive relationships within other departments to collaborate with cross‑functional teams, optimising processes and enhancing 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.

• Chartered Insurance Institute (CII) Certification preferred.
• Working knowledge of the insurance marketplace, with 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, effectively employed in day‑to‑day work activities.
• Demonstrated customer focus and positive broker interaction.
• Basic analytical thinking/financial acumen – identifying problems or opportunities, analysing, synthesising and comparing information to support sound decision making.

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 receive; benefits may improve at higher job levels.

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days.
• Defined contribution pension scheme, with Gallagher contribution.
• Life insurance (4× basic annual salary, up to 10× with top‑up).
• Income protection (up to 50% of annual income, with top‑up options).
• Health cash plan or private medical insurance.

• Three fully paid volunteering days per year.
• Employee Stock Purchase plan and share incentive plan.
• Critical illness cover.
• Discounted gym membership (over 3,000 gyms nationally).
• Season ticket loan.
• Access to a discounted voucher portal.
• Emergency backup family care.
• And many more.

Inclusion and diversity (I&D) is a core part of our business, embedded into the fabric…