Delegated Underwriting Administrator

2 weeks ago

London, Greater London, United Kingdom Munich Re Specialty Group Full time
Delegated Underwriting Administrator

Company
Munich Re Specialty Group

Location
London, United Kingdom

At Munich Re Specialty -Global Markets, individuality and intellectual curiosity is a key driver for our success and innovation.

We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge.

We know there is always more work to be done, but we're committed to building a strong and inclusive culture where everyone is welcomed and valued for their "own expression of self-identity".

About us

Munich Re Specialty - Global Markets is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.


As well as operating in the Lloyd's of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan and Dubai.


Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht.

Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build - to enable people and businesses to thrive.

Delegated Underwriting Administrator


We are looking to employ a Delegated Underwriting Administrator to be based in London and to work with us on a Full Time basis.


If you'd like to work within a high performing, positive and collaborative team atmosphere where you can make difference, we'd love to hear from you.

What we are looking for


You to support the delivery of timely and effective Delegated Underwriting (DU) processes and workflows by maintaining accurate information in DU systems and liaising with all members of the DU team in relation to coverholder on-boarding, binding authority agreements, audits and bordereaux management.

The Role

  • Understand and support DU workflows relating to first Coverholder onboarding and Binding Authority renewals using MRS and Lloyd's (Atlas, DCOM) systems;
  • Maintain accurate DU records, including Coverholder and Binding Authority entries using MRS dedicated tools (Subscribe and MASSDA), and undertake quality control of the underwriting teams' entries on a weekly and monthly basis;
  • Support the delivery of the DU audit plan by maintaining data pertaining to audits and recommendations;
  • Assist with the management of bordereaux records including chasing bordereaux, keeping records and liaising with relevant internal and external stakeholders as such Lloyd's brokers and MRS Underwriters as required;
  • Review Lloyd's international regulatory trading requirements, e.g. Crystal reviews to support PBQA;
  • Support the implementation of Lloyd's, MRS, FCA and other regulators' policies and procedures in relation to DU, e.g. review and circulate Lloyd's Market Bulletins;
  • Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders;
  • Understand all appropriate lines of escalation and the responsibilities of governance within MRS DU team and other stakeholders.
  • Any other tasks as required to support MRS DU team.
  • You are required to comply with the PRA and FCA conduct rules.
Knowledge and Skills

  • Sound business knowledge and understanding of:
  • Lloyd's delegated authority tools, e.g. Atlas, DCOM and all future developments
  • Underlying principles of insurance/reinsurance practice
  • Lloyd's Market practices and regulation, specifically relating to delegated underwriting
  • Demonstrate clear understanding of all company specific procedures that relate to own role
  • Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation
  • Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation
Diversity & Inclusion

At Munich Re, embracing the power of differences is at the core of who we are.

We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better.

We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs.

Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.


Your career with us
At Munich Re Specialty - Global Markets, you'll find the flexibility, development and support you need to excel your career combin

  • Delegated Underwriting Administrator

    2 weeks ago

    London, Greater London, United Kingdom Munich Re Specialty Group Full time

    Delegated Underwriting AdministratorCompanyMunich Re Specialty GroupLocationLondon, United KingdomAt Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us...

  • Underwriters Required

    2 weeks ago

    London, Greater London, United Kingdom Carbon Underwriting Full time

    Casualty Underwriter Based in London circa 3 days a week in office, 2 days from home Now that Carbon has matured into a full syndicate, our casualty portfolio is rapidly expanding and so is our team We have ambitious goals and are looking for someone to play a key role in achieving them. Carbon takes career progression very seriously; we are keen to...

  • Delegated Underwriting Analyst

    2 weeks ago

    London, Greater London, United Kingdom Next Employment Full time

    International insurer are seeking a Delegated Underwriting Analyst to join their team in the London office to support the Delegated Underwriting function which involves various activities across a Company and Lloyd's platform. The fundamental mission of this individual is to support the onboarding due diligence and ongoing management of Delegated Authority...

  • Delegated Underwriting Audit Assistant

    2 weeks ago

    London, Greater London, United Kingdom Munich Re Full time

    At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be...

  • Underwriting Assistant Uk Delegated Authority

    2 weeks ago

    London, Greater London, United Kingdom Avencia Consulting Full time

    The RoleUnderwriting AssistantLondon£ Competitive + Bonus & BenefitsAre you looking for an opportunity to take the next step in your career in insurance?We are have an excellent opportunity for an Underwriting Assistant to join a high performing team at HDI Global Specialty, a London Market Specialty Insurance and Reinsurance provider based in their London...

  • Casualty Underwriter Underwriting · London · Hybrid Remote

    2 weeks ago

    London, Greater London, United Kingdom Carbon Underwriting Limited Full time

    Benefits* 30 days annual leave and Birthday off* 10% Employer Pension* Electric vehicle, Bike & Tech scheme* Private Healthcare & Life Insurance* 50% monthly gym membership* Hybrid working Casualty Underwriter Based in London circa 3 days a week in office, 2 days from home Now that Carbon has matured into a full syndicate, our casualty portfolio is...

  • Delegated Authority Schemes Underwriter

    2 weeks ago

    London, Greater London, United Kingdom Reed Full time

    Delegated Authority Schemes Underwriter Position at our CompanyWe are looking for a Delegated Authority Manager with a solid insurance background and a keen interest in optimizing delegated authority schemes. The ideal candidate should be proactive, excel in relationship management, and be skilled in bringing internal and external partners together to build...

  • Delegated Underwriting Authority Assistant Manager

    2 weeks ago

    London, Greater London, United Kingdom The Actuary Full time

    New Vacancy - Delegated Underwriting Authority Assistant Manager City of London | Hybrid Lloyd's Insurer I am currently recruiting for a growing Lloyd's Insurer who are seeking a Delegated Underwriting Authority Assistant Manager to join their growing team. This is a new role created in the business due to growth which will entail day to day...

  • Assistant Underwriter/Underwriter

    3 weeks ago

    London, Greater London, United Kingdom Carbon Underwriting Limited Full time

    Position: Assistant Underwriter Start date: Immediate Role type: Permanent, full time Job Description: The Assistant Underwriter will play a crucial role in supporting the underwriting team in evaluating and assessing insurance applications. The Assistant Underwriter will work closely with Underwriters to gather and analyse information, assess risks, and...

  • New Business Underwriting Manager

    2 weeks ago

    London, Greater London, United Kingdom Thames Underwriting Limited Full time

    New Business Underwriting Manager - Leigh on SeaThis particular role is within the Construction Division which comprises Contractors Combined Liability, Contractors All Risks, Excess of Loss, Professional Indemnity, JCT and Non Negligent Liability.What you will do as a New Business Underwriting Manager:Manage construction new business departmentnUnderwriting...

  • Underwriting Assistant

    2 weeks ago

    London, Greater London, United Kingdom Rokstone Underwriting Full time

    Who We ArenAt The Aventum Group, we're not one for following the usual rules. We work hard at being different and that very much extends to how we look after our people. Because for us, they're not just people. They're part of the family. A family that dreams big and always works together to make insurance better. For everyone.We offer our employees a unique...

  • Underwriting Operations Assistant

    2 weeks ago

    London, Greater London, United Kingdom Apollo Underwriting Full time

    Your Role:As an Underwriting Operations Assistant, you play a crucial role in supporting various Apollo Underwriting teams, such as ibott 1971's Innovation team and Managing Agency Services (MGA) team.This position offers you the chance to make an immediate impact by ensuring operational excellence and resilience in underwriting teams, while also ensuring...

  • Agriculture Underwriter

    2 weeks ago

    London, Greater London, United Kingdom Geo Underwriting Full time

    Agriculture Underwriter – Home BasedWe're on the hunt for a talented and experienced Agriculture Underwriter to join our team at Geo Underwriting. This pivotal role, reporting to our Trading Manager, offers the flexibility of being home based with the requirement of travel to our Harrogate or Darlington office for an initial 2-week induction and...

  • Delegated Authority Analyst

    1 month ago

    London, Greater London, United Kingdom Ascot Group Full time

    Job Purpose: To be a member of the DA Management team and provide quality assurance, due diligence, and administration support on all forms of delegated underwriting business at Ascot. All other responsibilities as set out below. Detailed Duties: Ensure the underwriting and issuance of all forms of delegated underwriting business is carried out in accordance...

  • Delegated Underwriting Authority Hub Manager

    2 weeks ago

    London, Greater London, United Kingdom Aviva Full time

    Delegated Underwriting Authority Hub ManagerCompetitive Salary We have a fantastic opportunity for Delegated Underwriting Authority Hub Manager to join our team. This is a highly visible role reporting to the Head of the Function and will collaborate on projects and regular workstreams with a number of teams and individual contributors and therefore requires...

  • Lead Delegated Authority Operations Analyst

    1 month ago

    London, Greater London, United Kingdom IQUW Group Full time

    About usIQUW is a speciality (re)insurer at Lloyd's (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast. ERS is the UK's largest specialist motor insurer...

  • Delegated Authority Analyst

    2 weeks ago

    London, Greater London, United Kingdom Taylor James Resourcing Full time £29,000

    Quick Registration First Name * Last Name * e-mail * Phone * Sector Location Underwriting Operations Assistant . to £29,000This Underwriting Operations Business Partner to £65,000This Date: 5 Sep 2023 Sector: INSURANCE Type: Permanent Location: London Salary: £ per annum Email: Ref: BT5 Delegated Authority Analyst. To £50,000 For a candidate...

  • Delegated Authority Business Partner

    2 weeks ago

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

    Reference: ASPUK01124,Permanent - Full TimeAbout us:Since 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 as important as...

  • Underwriting Administrator

    3 weeks ago

    London, Greater London, United Kingdom MB Fitzgerald Full time

    Job role: Underwriting Administrator - (Entry level)Location: London, CityWe have a fantastic opportunity for you to join a growing Lloyd's Syndicate / Managing Agency based in the City on their Specie team.As an Underwriting Administrator, you will play a vital role in supporting the Specie underwriting team in the Lloyd's and London Insurance market. You...

  • Underwriter

    2 weeks 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...