PVT Underwriter

Posted:
6/24/2024, 5:00:00 PM

Location(s):
England, United Kingdom ⋅ London, England, United Kingdom

Experience Level(s):
Mid Level ⋅ Senior

Field(s):
Sales & Account Management

INTL Underwriter I - UW08YY

We’re determined to make a difference and are proud to be an insurance company that goes well beyond coverages and policies. Working here means having every opportunity to achieve your goals – and to help others accomplish theirs, too. Join our team as we help shape the future.

The Political Risks team is recruiting for a Political Violence Underwriter to join a profitable and growing business line. The role will have both personal and collective responsibility for helping support the expansion and profitability of this portfolio as the team is positioned for significant growth. The individual will benefit from exposure to a broad selection of risks and territories across lead and follow business whilst having the opportunity to develop in an environment that offers ever increasing opportunity for our employees across continents and in an environment where innovation, expertise and empowerment are fostered.

The position involves the underwriting of business in line with Terrorism and Political Violence appetite as well as developing and maintaining relationships with London and International Brokers and clients.

Job Responsibilities & Competence

  • Underwrite new and renewal accounts to meet planned underwriting results, through proactive account review, analysis of underwriting trends and improvement plans to maintain profitability.
  • Negotiate account participation, pricing and terms and conditions with brokers.
  • Underwrite in line with Underwriting Authorities, Underwriting Guidelines, Rules and Principles.
  • Support development and execution of the PV&T underwriting and marketing strategies, delivering growth strategy to London based brokers.
  • Awareness and development of new products and geographic territories for expansion of the Political Risks book without losing focus on profitability.
  • Proactively support retention of existing business through both market and one-on-one meetings with our Insureds / potential Insureds.
  • Develop and maintain strong relationships with key Brokers & Insured’s. This is to include both UK and potential overseas travel on behalf of the team.
  • Supporting other team members with training and developing Junior Underwriters to continually improve their technical and trading capability with an overall objective to development a market leading team.
  • To contribute, as required, to the periodic reporting of Underwriting results.
  • Ensure accurate policy documentation is issued and filing is maintained through a close working relationship with Operations and Aggregate Modelling teams.

Qualifications & Capabilities

  • Reasonable standard of education.
  • Willingness to broaden and develop knowledge of PVT, Credit and Political Risks and Aviation War, and related issues through formal and informal learning.
  • Ability to prioritise and organise workload and meeting deadlines and that of the team.
  • Ability to develop and sustain relationships with internal and external customers.
  • Sufficient knowledge, interest and understanding of Global Current Affairs (social, political, and economic).

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