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About the Role

The Marine team seeks an experienced Underwriter for its London-based team, focusing on Marine Cargo. This role is key to executing the Marine underwriting strategy, driving profitable growth, optimizing the portfolio, and enhancing Canopius' market position. The underwriter will operate with authority, demonstrating strong risk selection, pricing expertise, and client engagement.

Responsibilities

• Support the Head of Cargo in executing the Marine cargo underwriting strategy aligned to business plan, risk appetite, and return targets.
• Underwrite new and renewal cargo risks, including the ability to lead, ensuring disciplined risk selection and pricing adequacy.
• Drive profitable growth through portfolio management, cycle awareness, and proactive identification of high-quality opportunities.
• Build and maintain strong broker and client relationships to enhance Canopius’ market profile and access to business.
• Demonstrate technical expertise across the cargo book, including coverage structuring and wordings negotiation.
• Collaborate closely with actuarial, claims, exposure management, and reinsurance teams to inform underwriting decisions and portfolio strategy.
• Ensure compliance with regulatory requirements, internal controls, and underwriting governance standards.
• Analyze portfolio performance, producing insight-led reporting to support decision-making.
• Contribute to innovation and continuous improvement, challenging existing approaches where appropriate.
• Support and mentor junior team members, contributing to capability development within the Marine team.
• Maintain strong internal relationships across underwriting platforms and international offices to ensure consistency and knowledge sharing.
• Represent Canopius in the market, including broker meetings, industry events, and client engagement.
• Maintain up-to-date market knowledge, including emerging risks, legal developments, and competitor activity.

Requirements

• Significant underwriting experience within Marine cargo insurance, ideally within the Lloyd’s or London Market.
• Proven track record of managing and growing a profitable portfolio with demonstrable underwriting discipline.
• Strong technical capability in risk assessment, pricing, and policy structuring.
• Established broker relationships and credible market presence.
• Ability to operate autonomously with strong decision-making capability within authority limits.
• Strong analytical skills with the ability to interpret data and portfolio performance metrics.
• Excellent communication and negotiation skills (written and verbal).
• Commercial mindset with a focus on delivering sustainable profitability.
• High attention to detail and strong organisational capability.
• Collaborative approach with the ability to influence stakeholders across functions.

Skills

• Marine cargo insurance underwriting
• Risk assessment
• Pricing
• Policy structuring
• Broker relationship management
• Market presence
• Decision-making
• Analytical skills
• Data interpretation
• Portfolio performance analysis
• Communication skills
• Negotiation skills
• Commercial mindset
• Attention to detail
• Organizational capability
• Stakeholder influence

Location

• London

Work Type

• Hybrid working

Experience Level

• Experienced

Salary/Compensations

• Competitive base salary

Benefits

• Hybrid working
• Competitive base salary
• Non-contributory pension
• Discretionary bonus
• Health insurance (family)
• Dental cover
• Benefits enhancing financial, physical, social and psychological health

About the Company

• Canopius is a global specialty lines (re)insurer and a leading insurer in the Lloyd’s of London market.
• Offices are located in the UK, US, Singapore, Australia, and Bermuda.
• Fosters a distinctive, positive culture enabling employees to bring their whole selves to work and flourish.
• Aims to build a business that delivers profitable, sustainable results.
• Operates from new offices in the heart of the City of London.
• Committed to providing an environment that challenges employees to be their best and where contributions are recognised, valued, and respected.

Equal Opportunity

• Fully committed to equal employment opportunities for all applicants.
• Provides a work environment free of discrimination and harassment.
• Employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other protected status.
• Encourages and welcomes applicants from all diverse backgrounds.
• Makes reasonable adjustments throughout the recruitment process and during employment.
• Offers information in alternate formats or other reasonable adjustments upon request.