Senior Underwriter – Hull & Machinery (H&M) & Protection & Indemnity (P&I)

Position Overview

We are seeking an experienced Senior Underwriter specializing in Hull & Machinery (H&M) and Protection & Indemnity (P&I) risks. The successful candidate will be responsible for underwriting complex marine risks, managing key market relationships, and achieving profitable portfolio growth.

Key Responsibilities

• Underwrite new business and renewal accounts for H&M and P&I risks.
• Assess vessel exposures, ownership structure, trading operations, claims history, and risk information.
• Determine appropriate underwriting terms, conditions, deductibles, and pricing.
• Manage complex vessel and fleet portfolios across international markets.
• Develop and maintain strong relationships with brokers, shipowners, operators, and cedants.
• Negotiate renewals and new business opportunities to achieve underwriting objectives.
• Monitor portfolio performance, profitability, and risk accumulation.
• Work closely with claims, loss prevention, and reinsurance functions.
• Provide technical guidance and support to underwriting colleagues.
• Contribute to underwriting strategy and business development initiatives.

Requirements

• Minimum 15 years of marine underwriting experience.
• Strong technical expertise in Hull & Machinery and Protection & Indemnity underwriting.
• Proven experience handling complex vessel and fleet accounts.
• Strong knowledge of international shipping operations and marine insurance markets.
• Excellent risk assessment, negotiation, and portfolio management skills.
• Established relationships with marine brokers, shipowners, operators, and cedants.
• Strong commercial judgement and track record of profitable underwriting performance.
• Bachelor’s degree in Marine Engineering, Naval Architecture, Maritime Studies, Insurance, Business Administration, Finance, or related discipline preferred.
• Professional insurance qualifications such as ACII, ANZIIF, CPCU, or equivalent are advantageous.
• Experience with Builders’ All Risks (BAR) and Ship Repairers’ Liability (SRL) is an advantage.

Ideal Candidate Profile

A senior marine underwriting professional with over 15 years of experience in H&M and P&I risks, strong market expertise, and the ability to manage complex accounts while delivering sustainable underwriting results.