Senior Motor Underwriter

Join to apply for the Senior Motor Underwriter role at Pen Underwriting UK

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.

Pen Underwriting is looking for an experienced Motor Fleet Underwriter to effectively support the management of our Hazardous Goods & Environmental Motor Fleet portfolios. This is a fantastic opportunity to contribute to the performance of our existing business team and underwriters, maximising underwriting performance and driving business revenue and structured growth.

• Technical Underwriting & Expertise:
  Support the Motor underwriting function, providing technical expertise across all Motor lines. Handle referrals and underwriting for both new and existing business, contributing to profitable growth.
• Underwriting Governance & Compliance:
  Ensure adherence to internal underwriting governance, including audits, peer reviews, and risk assessments. Collaborate with the Head of Motor for guidance on process improvements and policy updates.
• Capacity Management & Relationships:
  Support the management of capacity relationships, ensuring strong and collaborative engagement. Participate in reporting, portfolio reviews, and capacity‑related meetings.
• Market Expertise & Broker Relationships:
  Demonstrate market expertise with knowledge of industry trends, competitor activity, and regulatory changes. Build and maintain relationships with key brokers, supporting new business and retention efforts.
• Leadership & Development:
  Act as a mentor for junior underwriters, fostering a culture of technical excellence and professional development. Support training, development, and succession planning.
• Pricing & Portfolio Management:
  Assist in developing and refining underwriting and pricing strategies to achieve profitability targets. Monitor market trends and competitor activity to ensure competitive positioning.
• Regulatory & Conduct Responsibilities:
  Ensure compliance with all relevant regulations and governance frameworks, including FCA requirements. Support Fair Value Assessments (FVA) and Consumer Duty compliance.

• Retention of renewal business and high customer retention rates.
• Growth in Gross Written Premium (GWP) and maintenance of rate strength.
• Performance against underwriting profitability and loss ratio targets.
• Compliance with governance and regulatory standards.

• Technical Knowledge:
  Basic knowledge of general insurance (London Market / Lloyd’s and Industry) products, services, and understanding of underlying legal principles.
• Experience:
  
  Previous Motor Fleet underwriting experience. Previous experience in managing a scheme/portfolio is desirable.
• Skills:
  
  Excellent interpersonal skills, including listening, verbal and written communication. Ability to manage complex and highly confidential information. Proficiency in Microsoft Word, Excel, and PowerPoint.

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

• 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…