Assistant Underwriter P

2 weeks ago

City Of London UK, Central London, United Kingdom Next Employment Ltd Full time

Assistant Underwriter in London Property & Casualty team within Middle Market business.

Our Middle Market Underwriting team offers diverse multi-line capabilities targeted at select industry verticals such as real estate, hospitality, financial institutions, professional services, technology, and life science. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.


Your role will include:


• Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.

• Price and analyze coverage, structure and exposures on individual risks.

• Set appropriate terms and conditions per the Company underwriting strategy and guidelines to quote qualified risks.

• Attend client/broker meetings, lunches, dinners and other social outings as applicable.

• Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.

• Expand existing portfolio of business by developing existing relationships and new prospective clients.

• Support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture. Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite. Conducts individual account underwriting audits as needed.

• Complete underwriting referral applications for risks outside of your authority for higher level approval as necessary.


You will need:


• Cross class underwriting experience ideally within the middle market space.

• Ideally degree educated.

• At least 2+ years of exposure to P&C/commercial lines

• Established relationships with retail producers.

• Strong negotiation skills

• Strong understanding of underwriting processes ideally gained as a senior UA .

• Excellent communication (both written and verbal) skills.

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