Assistant Underwriter - Construction

CNA Financial Corporation; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

CNA Hardy is seeking an Assistant Underwriter to join the London Construction team. You will support on renewals and new business for Construction Liability/CAR risks, operating within limited authority on moderately complex tasks, and adhering to underwriting policies, rating rules and insurance laws.

The role focuses on building broker and client relationships, accurate data entry, and collaboration with claims and accounts teams to ensure smooth premium settlements.

Qualifications

• Demonstrated understanding of business objectives and the market in which we operate.
• Ability to plan and organise own role effectively
• Mathematical and statistical ability
• Understanding of risk management and governance framework and how own role fits into it
• Underwriting discipline
• A practical understanding and analysis of risk, pricing, contract wordings, and claims
• Ability to promote own profile and CNA Hardy to brokers and clients
• Demonstrated analytical and problem solving skills
• Effective communication and rapport building skills
• Ability to use appropriate systems to the technical level required
• Appropriate knowledge of all relevant regulatory and legal requirements applicable to the position

Responsibilities

• Contribute to business plan achievement by handling renewals and writing new business within underwriting authority.
• Establish and build upon relationships with brokers, clients, reinsurers and Lloyds as necessary.
• Promote the development of the business by identifying new business and cross sell opportunities.
• Ensure accurate entry of policy aggregate information onto the relevant software and spreadsheets, as required.
• Prepare and report figures and statistics for the business unit or team account.
• Support the monitoring and control of the business, as directed by Underwriters.
• Liaise with and assist the claims department when required in the settlement of claims.
• Liaise with and assist the accounts department when required in the settlement of premiums.
• Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that appropriate measures are in place to ensure this compliance.
• May perform additional duties as assigned.

Skills

Relationship building

Underwriting knowledge

Pricing & risk analysis

Regulatory compliance

Communication

Analytical thinking

System proficiency

Broker network development

Time management

Team collaboration

Job description

Function / Area: Underwriting Reporting to: Class Manager Position Summary We are recruiting for an Assistant Underwriter in our London Construction team. The successful candidate will under broad supervision be responsible for supporting on new and renewal business for Construction Liability/CAR risks through a panel of brokers. They will work within limited authority on assignments of moderate technical complexity. Utilises underwriting policies and guidelines, rating manual rules and insurance laws and regulations.

Key Responsibilities

• Contribute to business plan achievement by handling renewals and writing new business within underwriting authority.
• Establish and build upon relationships with brokers, clients, reinsurers and Lloyds as necessary.
• Promote the development of the business by identifying new business and cross sell opportunities.
• Ensure accurate entry of policy aggregate information onto the relevant software and spreadsheets, as required.
• Prepare and report figures and statistics for the business unit or team account.
• Support the monitoring and control of the business, as directed by Underwriters.
• Liaise with and assist the claims department when required in the settlement of claims.
• Liaise with and assist the accounts department when required in the settlement of premiums.
• Comply with all applicable legal and regulatory requirements and ensure, at a level appropriate to the position, that appropriate measures are in place to ensure this compliance.
• May perform additional duties as assigned.

Skills, Knowledge & Experience

• - Demonstrated understanding of business objectives and the market in which we operate.
• - Ability to plan and organise own role effectively
• - Mathematical and statistical ability
• - Understanding of risk management and governance framework and how own role fits into it
• - Underwriting discipline
• - A practical understanding and analysis of risk, pricing, contract wordings, and claims
• - Ability to promote own profile and CNA Hardy to brokers and clients
• - Demonstrated analytical and problem solving skills
• - Effective communication and rapport building skills
• - Ability to use appropriate systems to the technical level required
• - Appropriate knowledge of all relevant regulatory and legal requirements applicable to the position

Additional Information

Company Overview

CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We are part of CNA Financial Corp, the 8th largest U.S. commercial property and casualty insurance company. Established in 1897, CNA has approximately 7,000 employees, serving businesses and professionals in the U.S., Canada, Europe and Asia. We offer a wide range of products and services, providing a superior suite of insurance solutions that any organisation conducting business requires.

Why Choose CNA Hardy?

For us, the customer comes first. Our winning proposition is our commitment to our customers: We offer more than just a policy – we deliver distinctive insurance solutions and we promise a superior customer service. How we deliver on this commitment is what sets us apart from the competition. Here are just some of the reasons you should choose us:

Our people: We recognise that our staff bring our commitment to our customers to life. Our priority is to be a great place to work so we continue to attract, retain and develop the best talent in the market.

Our product offering: We develop innovative and specialised solutions by product and industry specialism and create certainty for customers through the delivery of underwriting and service excellence. This comprehensive global product offering supported by superior claim and risk control services is hard to replicate.

Our relationships: We believe in building enduring relationships and want to focus our energy on partnering with customers and producers who value our approach and seek the same.

Our track record: Our financial strength underpins our contract with our customers. We receive consistently high ratings from AM Best and Standard and Poor’s proving our ability to deliver on our commitment should the worst happen.

Treating Customers Fairly We deal with our Customers in a professional, open and honest way at all times Designing and delivering products that meet their needs; Ensuring that no claims are unreasonably rejected; and Aiming to do things right the first time and putting them right if we get them wrong.

CNA is an equal opportunity employer.

The Company CNA Hardy is a leading specialist commercial insurance provider for clients within the Lloyd’s and company markets. We offer a highly specialised and comprehensive portfolio of innovative and market leading products. Coverage is available to businesses of all sizes for domestic, international and global exposures. We are a leading specialist commercial insurance provider for clients of all sizes with both domestic and international exposures. Writing across both company and Lloyd's platforms offers our brokers the flexibility to find the best solution for their clients in more than 200 countries and territories worldwide. Find out more about our Lloyd's Syndicate 382. Our clients trust us because we understand the risks they face. Our teams on the ground have the local expertise and authority to provide fast, effective solutions for our clients across our network of dedicated offices in Belgium, Denmark, France, Germany, Italy, the Netherlands and the UK (Birmingham, Glasgow, Manchester and London). Whether it’s our expert underwriters, risk control engineers, claims managers or international solutions team, we work in partnership with our brokers to deliver our highly-specialised and comprehensive portfolio of innovative and market-leading products in response to emerging exposures and ever-changing needs. CNA Hardy is part of CNA Financial Corp, one of the largest U.S. commercial property and casualty insurance companies. Trusted for more than 125 years, CNA provides a broad range of standard and specialised insurance products and services for over 1 million businesses and professionals across the U.S., Canada and Europe.