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Insurance Underwriter
2 months ago
We are seeking an experienced Insurance Underwriter to join our team at Liberty Specialty Markets. As an Insurance Underwriter, you will be responsible for underwriting worldwide business across various professions in accordance with the business plan and within delegated underwriting authority.
The ideal candidate will have a strong understanding of international business and experience in underwriting A&E, Accountants, D&C, Insurance Brokers, Lawyers, Surveyors and/or Misc accounts. You will also have the ability to work closely with key stakeholders to help create new relationships and build out new opportunities across other business to further enhance the success and profitability of the team.
About the Department & TeamOur Professional Indemnity team is a mature class of business at Liberty Specialty Markets, having been in the market for over 40+ years. Our underwriters provide over 100+ years of combined professional indemnity experience and offer a broad range of products across multiple jurisdictions. The team has been profitable over recent years and is a Green Class allowing for growth.
We are a significant business within Liberty Specialty Markets, with a structure that supports its growth aspirations. Our team is known for its expertise and technical knowledge, and we are committed to continually developing our skills and expertise to stay ahead in the market.
Key Responsibilities- Strategy and Planning:
- Develop and implement the annual business plan and Professional Indemnity strategy document to drive business growth and profitability.
- Contribute to and participate in all meetings to share and develop strategy, knowledge and best practice.
- Identify and develop new ideas and concepts to support the development and delivery of the business plan.
- Work cross-functionally with counterparts in other functions to achieve objectives.
- Delivery:
- Establish and promote strong relationships with clients, brokers, business partners, reinsurers and colleagues to maximise influence and achieve business objectives.
- Represent Liberty's interests with internal and external groups, and through participation in industry forums and corporate activity to safeguard or enhance Liberty's market position.
- Demonstrate understanding and awareness of market dynamics and market cycles to support the performance of the underwriting team.
- Continually develop expertise and technical knowledge through appropriate development initiatives.
- Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives.
- Contribute to and influence the review and analysis of the portfolio to identify new business development opportunities.
- Ensure entries are properly recorded onto relevant systems in a timely manner while ensuring accuracy of data with relation to both underwriting and aggregate exposures.
- Policy, Process and Procedures:
- Comply with all applicable internal and external laws, regulations, policies, procedures and guidance.
- Adhere to underwriting standards, instructions and best practice methodology to minimise risk.
- Adhere to all relevant regulatory requirements and demonstrate behaviours as set out in the Conduct Risk Policy, as they relate to your role, to support Liberty's commitment to its values.