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Our client a leading global Re/Insurance company has a unique opportunity for an Assistant Underwriter to join the Middle Market London business team.
The 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. They work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.
What you'll be doing:
- 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 T&Cs 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 and when needed.
- Complete underwriting referral applications for risks outside of your authority for higher level approval as necessary.
What you'll bring:
- Cross class P&C underwriting experience within the middle market space.
- Undergraduate, Insurance or advanced degree preferred.
- At least 3+ years of P&C underwriting experience.
- Experience within the middle market space.
- Established relationships with retail producers.
- Strong negotiation skills.
- Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).
- Excellent communication (both written and verbal) skills.
