Senior Underwriter/Underwriter

1 week ago

London, Greater London, United Kingdom Starr Insurance Companies Full time

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world's fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Role Purpose:

To write profitable General Liability business in line with the underwriting plan, using professional judgment to achieve the target premium revenue, return on premium and business growth whilst operating in line with the underwriting manual and general compliance/regulatory and Company procedures, manage underwriting risk exposures through aggregate limits and reinsurance and the day-to-day operations of the General Liability team, including supervision and management of staff, coverholder performance and associated reporting.

Roles and Responsibilities

Fully understand the risk and seek further clarity as required. Underwrite profitable business in accordance with business plans. Adhere to all Starr underwriting standards as outlined in the Underwriting Manual. Obtain sign-off for all business that is in excess of agreed authority levels or where any factor falls below rating guidelines. Adhere to rating tools and guidelines. Ensure that underwriting documentation, both paper and electronic, are accurate, complete, up-to-date and meet Lloyd's standards. Ensure that the policy wordings and clauses are slip referenced and agreed. Ensure that all accounts are contract certain at time of binding. Develop broker and client relationships to optimise opportunities to lead business, arranging or attending regular meetings, presentations and events. Seek to grow market share by increasing awareness of technical expertise with outside parties. Explore client and company knowledge to identify and optimise cross-selling opportunities. Conduct Quality Assurance (QA) within 2 working days of binding or inception whichever is the earliest to check the accuracy of underwriting data entered into the system and ensure that the risk is contract certain. Conduct Peer Reviews to check the underwriting rationale, terms and conditions, pricing against Starr guidelines and the completeness of files. Reconcile and report all premiums due versus received in order to manage credit control. Continuously develop and enhance the rating tool(s) regularly to enhance the range of exposures they encompass. Monitor premiums versus budget to ensure alignment with the business plan. Ensure that portfolio performance satisfies Starr's Underwriting Business Plan. Oversee that business retained within the portfolio continues to provides commercial advantage. Assist in the preparation of Realistic Disaster Scenarios (RDS) returns to determine effectiveness of reinsurance coverage against business. Review Internal Audits and Expert Review Reports to identify and implement improvements. Manage aggregations / accumulations of joint venture interests. Identify future areas of business opportunity. Support the CUO in producing a General Liability business strategy for approval by the Active Underwriter and the Board. Assist the CUO in producing a clear, coherent underwriting strategy. Implement the strategies within the agreed business plan. Determine appropriate levels of underwriting authority for each Underwriter. Provide raw data to the CUO to inform the reinsurance strategy. Conduct/attend appropriate marketing meetings/presentations with reinsurers. Monitor reinsurance coverage against the business plan, in association with the CUO. Together with the CUO, ensure adequate resource and capability to deliver the business plan and strategic objectives. Select and recruit appropriate people in conjunction with the CUO and Human Resources. Produce a comprehensive Onboarding Plan for all newly appointed/promoted/seconded team members. Identify team and individual training needs. Work with team members and Human Resources to agree and implement development plans. Adhere to Company procedures for managing and recording individual and team performance and development. Ensure that team members Roles Profiles are reviewed at least annually or when a change in role occurs. Provide technical coaching to team members to develop their competence and careers. Ensure that all staff operate within the standards outlined in the Group and Company policies. Ensure that all accounts are contract certain. Oversee that all suspicions of financial crime are reported to the Money Laundering Reporting Officer immediately. Ensure that that everyone complies with the Company's standards for Treating Customers Fairly. Ensure that potential Conflicts of Interest are properly managed in order to avoid disrepute to the company's integrity. Monitor the immediate reporting of complaints to Compliance.

Experience:

Lloyd's and London Market processing arrangements for premiums and claims; Lloyd's Franchise Board standards; Financial Conduct Authority and the Prudential Regulation Authority framework; Advanced knowledge of specific class of business; Market wordings and clauses; Reinsurance practices; Up-to-date knowledge of claims activity and handling to inform future underwriting decisions; Sound appreciation of the global insurance and reinsurance market; Current book of business and risk appetite; Levels of authority and associated authorisation processes; Underwriting manual; Pricing/Rating tools; Slip and file construction; and Starr's standards for clauses.

Skills:

Analytical and problem solving skills; Negotiation, judgment and decision making skills; Advanced numeracy skills; Professional business writing and presentation skills; Strong communicator, both written and oral; Technical coaching; Team and individual management skills and practices; Business development; and Report writing.

Systems and I.T

Eclipse; Salesforce; and MS Office – Excel, Access, Word and Outlook

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom Combined Insurance Full time

    Senior Underwriter / Underwriter, Casualty Major AccountsAre you an ambitious Underwriter with Casualty knowledge? If so, we would love to hear from youThis role could suit either an existing Senior Underwriter who is hungry, motivated, inquisitive and in need of a new challenge, or a similarly minded passionate individual currently working at Underwriter...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom CHUBB Full time

    Senior Underwriter / Underwriter, Casualty Major Accounts Are you an ambitious Underwriter with Casualty knowledge? If so, we would love to hear from you We are currently recruiting an experienced Underwriter to form a key part of Chubb's Casualty Major Accounts Underwriting Team, working on a large & multinational book of business. The successful...

  • Senior Motor Underwriter

    1 week ago

    London, Greater London, United Kingdom HOVER SENIOR LIVING COMMUNITY Full time

    Got the drive to shape the future of insurance? At Prima, you could take on a whole new challenge. As part of our global community, you'd be in the driving seat of your career; learning and growing with a top-tier team around you. Prima is a place where no matter who you are or what your role is — your voice is valued. Back in 2015, we embarked on a...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom Eames Consulting Full time

    Senior Underwriter - PIEames are currently working exclusively with a leading company market on the appointment of a Senior Underwriter in PI. This is a unique opportunity to work across a portfolio with both US and international risks and across a broad range of professions.We are looking to speak with both underwriters and brokers within PI interested in a...

  • Senior Underwriter

    1 month ago

    London, Greater London, United Kingdom Idex Consulting Full time

    We have been retained by an underwriting market considered one of the leading carriers for complex and premium risks internationally to lead the search for a senior underwriter to join the team in London. You will be an M&A underwriter/senior with a background in leading deals as a primary market and be confident in making underwriting and risk decisions....

  • Senior Underwriter

    3 weeks ago

    London, Greater London, United Kingdom Idex Consulting Full time

    We have been retained by an underwriting market considered one of the leading carriers for complex and premium risks internationally to lead the search for a senior underwriter to join the team in London. You will be an M&A underwriter/senior with a background in leading deals as a primary market and be confident in making underwriting and risk decisions....

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom Leasing World Full time

    Our Company - Excellent Asset Finance Opportunity in Central LondonJob Title: Senior Underwriter - Mid Ticket Asset FinanceLocation: LondonSalary: Up to £95,000 + 20% bonus + benefitsOur client, a top asset financier, is looking for a Senior Underwriter to join their middle ticket underwriting team. You would deal with lease brokers, asset valuers, legal...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom Travelers Canada Full time £5,000

    Senior Underwriter - Property and Casualty page is loaded Senior Underwriter - Property and Casualty Apply remote type Hybrid locations SRY - Redhill time type Full time posted on Posted 2 Days Ago job requisition id R-34734 Who Are We? Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this...

  • Underwriter

    1 week ago

    London, Greater London, United Kingdom Aspen Insurance Holdings Full time

    Date:May 30, 2024Location: London, GB, EC3M 3BDCompany:Aspen InsuranceSince Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.We believe the way we work is just...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom CNA Hardy Full time

    Position SummaryWe are seeking to hire a Senior Casualty Underwriter to work on our monoline casualty product targeting medium to large corporate clients in London placed primarily through the International brokers.The role underwrites a broad range of complex risks in a Casualty book of business.Key ResponsibilitiesPrepare renewals and quotations, answering...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom eFinancialCareers Full time

    Senior Underwriter - Property Investors - £55,000 to £65,000 for LondonWe currently have an opportunity for an experienced underwriter or broker, who specialises in the field of property / property investment, to join our Property Investors Underwriting team within Aviva's Global Corporate Specialty (GCS) department. We arelooking for someone with...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom Insurance Ag Full time

    About us Avencia Consulting are recruiting on behalf of leading specialty Insurer based in the City who are looking to hire a Senior Aviation Underwriter to join their London team. The role The primary focus of this role is originating, modelling, administering, and underwriting a portfolio of (re)insurance business. This includes analysing and...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom MS Amlin Full time

    Senior Underwriter - Motor page is loaded Senior Underwriter - Motor Apply locations London time type Full time posted on Posted 2 Days Ago job requisition id RQ9380 Our Underwriters are at the heart of everything we do, without them our business wouldn't function. Reporting to the Lead Underwriter, the sucessful applicant will be a key member of the...

  • Senior Underwriter

    2 months ago

    London, Greater London, United Kingdom Allied World Assurance Company Holdings, Ltd Full time

    At Allied World we have over 1,400 talented and loyal employees working in 20 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. Our employees share our passion for progress and success, and we are looking for...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom Aviva Full time

    Senior Underwriter - Property Investors -£55,000 to £65,000for LondonWe currently have an opportunity for an experienced underwriter or broker, who specialises in the field of property / property investment, to join our Property Investors Underwriting team within Aviva's Global Corporate Specialty (GCS) department.We are looking for someone with excellent...

  • Senior Underwriter

    7 days ago

    London, Greater London, United Kingdom Allied World Assurance Company Holdings, Ltd Full time

    At Allied World we have over 1,400 talented and loyal employees working in 20 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. Our employees share our passion for progress and success, and we are looking for...

  • Senior Underwriter

    5 days ago

    London, Greater London, United Kingdom Everest Insurance Full time

    Title:Senior Underwriter - Healthcare (Med Mal, GL & EL)Company:Everest Advisors (Uk), Ltd.Job Category:UnderwritingJob Description:Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating for nearly 50 years through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom Avencia Consulting Services Full time

    About usAvencia Consulting are partnered with a well know Reinsurer who are looking to expand their Energy team for a Senior Underwriter to join.The roleThe primary purpose of the role is to underwrite and manage a portfolio of Energy Specialty lines of business. The role will focus on evaluating underwriting submissions for both new and renewal business,...

  • Underwriter

    1 week ago

    London, Greater London, United Kingdom THC Recruitment Full time

    Hybrid working - 1 day working in the London officeSalary depending on experienceDue to an increase in new business opportunities my client is looking to grow its underwriting team. The scope is to work as an experienced Underwriter to support junior credit members and manage soft asset flow transactions for the business.The position carries dual...

  • Senior Underwriter

    1 week ago

    London, Greater London, United Kingdom IQUW Group Full time

    Overview:Our Senior Underwriter's are involved in the execution of our underwriting strategy and development of our Fleet apetite, working closely with the Pricing, Technology and Operations teams. Working in a fast paced, agile environment, this role offers you the ability to influence change and opportunities to key stakeholders.The location for this role...