Underwriter (Construction)
5 days ago
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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