Underwriter (Construction)

5 days ago


London, Greater London, United Kingdom The Lancashire Group Full time
The primary purpose of the role is to provide underwriting duties for Lancashire's Construction business for Syndicate 3010.
Key Responsibilities ·         Be responsible for managing, building and developing broker relationships for your line of business. ·         Attend client presentations and meetings. ·         Be able to underwrite risks for your line of business within your underwriting authority and subsequently report decisions at the 3010 syndicate meeting and/or UMCC. ·         Receive submissions from brokers, undertake full risk analysis, complete pre-underwriting documentation and present information. ·         Have fully competent knowledge of wording and technical understanding and market environments. ·         Check and approve systems records and sign off ·         Monitor and follow up on payments for outstanding premiums. ·         Agree endorsements within your underwriting authority. ·         Ensure risks offered and bound are within tolerances or that exceptions are approved. ·         Finalise documentation and contracts/slips with brokers. ·         Assist with ad hoc projects and research work as required.
Skills, Knowledge and Expertise ·         Good level of formal education – Degree and Cert CII / DIP CII or ACII desirable ·         Underwriting and/or broking experience in Construction or Property D&F in London/Lloyd's market is essential  ·         Knowledge of binding authorities ideal but not necessarily required ·         Proficient with Microsoft Office applications, particularly Excel and Word (intermediate) ·         Excellent attention to detail, self-discipline and time management ·         Good verbal and written communication skills ·         Strong work ethic  ·         Self-starter with the ability to liaise with individuals at all levels ·         Team player ·         Ability to work flexibly to meet business needs including extended hours if required Lancashire are a provider of global specialty insurance and reinsurance products operating in Bermuda, London, the U.S. and Australia, across three delivery platforms: rated company, Lloyd's and collateralised security. 

Our focus is on short-tail, specialty (re)insurance risks within four general segments: Property and casualty, aviation, energy and marine, and specialty.

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