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Graduate Underwriter

3 months ago

London Area, United Kingdom CityGrad Full time

We are currently recruiting ambitious 2024 graduates to join Convex, an international specialty insurer and reinsurer founded by Stephen Catlin and Paul Brand. With operations in Bermuda, London and Europe. Convex occupies a unique position in the insurance industry combining unrivalled experience, reputation and a legacy free balance sheet.


In 2019, Stephen Catlin and Paul Brand co-founded Convex with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks. The company has since received an A.M. Best rating of A (Excellent) and regulatory approval to operate in London, Bermuda, Luxembourg and United States.


We live our values in every facet of our business:


Earn our reputation, Straightforward and fair, Determined to improve, Inspired by opportunity, Enjoy being different


Convex is looking for a graduate to join our Underwriting team who would love to help build the insurance portfolio of the future.


Given the rapidly developing landscape, the successful candidate is expected to participate in a wide range of tasks within the function and across the business. This will be within one of our many lines of business (e.g., Property, Energy, Aviation, Marine, Casualty) and include working closely with other teams within Convex such as Claims, Portfolio Optimisation (actuarial, pricing, etc.), Operations, Legal and Compliance.


Underwriters are responsible for risk evaluation, pricing and acceptance in building and managing a portfolio of insurance risks.


Key Responsibilities

The successful candidate will have a varied role and will include a variety of tasks working with members of the team to support:


  • Preparing for and supporting Underwriters in broker meetings and negotiations.
  • Learning the technical aspects of pricing and insurance terms and conditions alongside and within the Underwriting team.
  • Understanding market and competitor dynamics.
  • Preparing and analysing management information and reporting relating to specific risks and portfolios of risk. This may include verbal and formal presentations to Underwriters and Underwriting Managers.
  • Liaison with operations on data entry and checking.
  • Portfolio monitoring, renewal diary management and other administrative tasks.


Requirements:


  • Degree educated
  • Driven to build a career in insurance
  • A passion for learning and development
  • A team player