Portfolio Underwriter - Property Treaty

Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs. 

Ki’s mission is simple. Digitally disrupt and revolutionise a 335-year-old market. Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days. 

Ki is proudly the biggest global algorithmic insurance carrier. It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years. 

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers. Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Where you come in?

This is an exciting opportunity to develop and grow and newer proposition at Ki, building from solid foundations in 2025/26 to expand our Property Treaty portfolio and develop a differentiated proposition in line with Ki’s overall strategy. The main responsibility is to lead, develop and manage the Property Treaty class of business at Ki, working as part of the Ki Portfolio Underwriting Team. The role also requires input into a range of classes & products across the Property Division, plus underwriting leadership on a cross functional basis.

What you will be doing: 🖋️

• Define, develop, and deliver the underwriting strategy for the Property Treaty class, ensuring that the annual business plan is written profitably and within all agreed risk constraints/aggregate budgets, with a view to long term expansion of the portfolio and Ki’s proposition.
• Bring an understanding of the Lloyd’s and global market, identifying potential for new opportunity areas of both product and geography
• Continually monitor risk appetite patterns to drive the team’s revenue strategy, maintaining profitability targets in conjunction with the Portfolio Management and Exposure Management functions.
• Hold strong senior market relationships to enable the development of a profitable portfolio and continue to build new global relationships to access distribution channels.
• Work alongside the Distribution team to align the underwriting strategy and its translation into a deliverable Distribution strategy for the Property Treaty class
• Clearly document and regularly update the Property Treaty underwriting strategy and maintain up-to-date appetite to reflect the market conditions
• Collaborate with Portfolio Management to:
• Focus on areas of the portfolio and review based on distribution partner and market feedback.
• Develop the revenue strategy with input from the exposure management team to optimise revenue generation and business mix.
• Work with the Outwards Reinsurance team to help produce information on the portfolio to help discussions with Retro partners.  Lead conversations with retro partners, articulating the strategy and portfolio dynamics to help deliver Retro capacity to aid the balance the portfolio, where required.

Requirements

• Track record of underwriting within the Property Treaty market
• Track record of success in the development and execution of commercially viable strategies, with high standards of delivery in a timely, cost-effective way.
• Excellent negotiation, communication, and presentation skills to drive revenue and business development opportunities across Ki’s distribution network.
• Strong organisational credentials to help drive a dynamic team to articulate and deliver the revenue strategy in a coherent manner.
• Capable of managing, developing, and profiting from new and existing relationships.
• A commercial understanding of underwriting. Able to assimilate into strategic discussions around the structuring and management of portfolios.
• Independence: the ability to manage their own workload and self-motivate to execute targets successfully.

Benefits

You’ll get a highly competitive remuneration and benefits package. This is kept under constant review to make sure it stays relevant. We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

What to expect during the recruitment process:

1) Initial recruiter screening call

2) Interview with hiring manager

3) Technical Interview (this may vary depending on the role)

4) Values Interview