Assistant Underwriter - Property

Chubb; City Of London; On-site; GBP 35,000 - 50,000; Full time

Job summary

A global insurance firm in London is seeking an Assistant Underwriter to join their team. The role involves supporting underwriters in operational tasks, risk assessment, and developing underwriting skills. The ideal candidate has two years of experience in the insurance market and possesses strong analytical abilities. This position offers a competitive salary and various employee benefits including a pension scheme and private medical cover.

Benefits

Annual bonus scheme

25 days annual leave

Private Medical cover

Employee Share Purchase Plan

Subsidised gym membership

Qualifications

• Minimum of two years of experience in the London or Lloyd's market, preferably in Property.
• Willingness to study for or already started professional examinations.
• Understanding of contract terminology, risk selection principles, and pricing methodologies.

Responsibilities

• Support Underwriters in gathering and preparing information for new business.
• Assist with risk assessment and pricing.
• Build and maintain relationships with brokers and distribution partners.

Skills

Experience in the London or Lloyd's market

Proficiency in Microsoft Excel

Critical thinking and problem solving

Strong organizational skills

Effective communication skills

Education

A-levels or higher-level qualification

Tools

Microsoft Office

Job description

Assistant Underwriter, Property – Chubb Global Markets

The CGM Property division is seeking an enthusiastic and driven individual to join their US Open Market team. As Assistant Underwriter, you will support the underwriters with day-to-day administrative and technical responsibilities, develop your own underwriting abilities, and take ownership of key operational functions. You will build technical and broader business skills in this specialist product line, working closely with experienced Underwriters.

Key Responsibilities

• Support Underwriters in gathering and preparing information for new business and renewals, ensuring coverage aligns with customer needs, risk profiles, and Chubb’s guidelines.
• Assist with risk assessment, catastrophe modelling, and pricing, applying critical thinking and data insights to support sound underwriting decisions.
• Build and maintain strong relationships with brokers, internal teams, and distribution partners through effective communication and proactive service.
• Prepare reports on production, exposure, and rate movement, and interpret data to identify trends and inform portfolio management.
• Document underwriting rationale, risk factors, and decision‑making processes in line with company and regulatory requirements.
• Utilize Chubb’s digital tools and software to enhance underwriting analysis, operational efficiency, and cross‑selling opportunities.
• Participate in technical presentations, training, and continuous learning to develop business presentation skills and stay adaptable to market and regulatory changes.
• Prioritize tasks and manage workflow to meet deadlines, demonstrating strong organisational and problem‑solving skills.
• Contribute to negotiation and opportunity management by supporting business proposals and reaching mutually beneficial agreements.
• Any other ad hoc duties allocated by the Line Manager.

Skill & Experience Required

• Minimum of two years of experience in the London or Lloyd’s market, preferably in Property.
• Minimum A levels, preferably higher‑level qualification such as a degree.
• Willingness to study for or already started professional examinations.
• Proficient in Microsoft Office, particularly Excel, and familiar with CAT models, Primary and XOL, and rating models.
• Ability to demonstrate a logical approach to processes and problems, including critical thinking and problem‑solving.
• Excellent organisational and communication skills, with effective time management and prioritisation abilities.
• Understanding of contract terminology, risk selection principles, and pricing methodologies.
• Ability to build relationships, deliver premium service, and demonstrate sales acumen.

What we offer in return!

Pension and annual bonus scheme, 25 days annual leave plus ability to purchase 5 additional days, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program

Integrity. Client focus. Respect. Excellence. Teamwork

Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion. At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long‑term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know in your application or in any future discussions with our recruiters.