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.