Underwriting

1

Travelers has big ambitions!

We are looking for an Underwriter or Broker, who is a specialist in Upstream Energy, to join our successful team in Lloyd’s. In this role you will support the management of the profitability of the Upstream Energy book by underwriting and processing new business, renewals and mid term adjustments, monitoring rate adequacy of all business written or handled.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

This role is eligible for a £1,500 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

What Will You Do?

• Support the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
• Ensure that business is written in accordance with the Company's policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with your underwriting authority and the team’s business plan.
• Support the development of new business; researching and identifying target business, competitor information, industry and economic factors.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
• Develop strong relationships with our key supporting brokers and customers and all other key external stakeholders.
• Promote our distribution strategy and philosophy and provide guidance on our underwriting philosophy, procedures and requirements by building strong partnerships with brokers and partners.
• Provide guidance, mentoring and coaching to others as appropriate.
• Deliver high quality service to brokers and customers in line with our service standards.
• Comply with all legal, insurance, regulatory, Lloyd's and Sarbanes Oxley rules and guidelines. Acting at all time in compliance with the Treating Customers Fairly outcomes.
• Work as a team with colleagues across within the Company and the Enterprise.
• Keeping adequate records of all transactions undertaken with brokers, customers, and all other parties.
• Continually looking for improvement both from a personal and business perspective.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Knowledge: Good knowledge of products, the regulatory environment, and the local insurance market.
• Analytical/Critical thinking: Good critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
• Communication/Influence: Communication skills with the ability to successfully negotiate with brokers.
• Inclusion: Ability to work with people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
• Industry / Competitor Analysis: Review competitor press releases and industry trade press for helpful insights, linking key themes together.
• Project Management: Participate in projects that involves analysis and the implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.

What is a Must Have?

• Previous Upstream Energy insurance experience.
• Secondary level education or equivalent required.