Class Underwriter - Professional Indemnity - Marine

Chaucer Syndicates Ltd; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Flexible hybrid work

Diverse and inclusive culture

Comprehensive benefits package

Job summary

Chaucer Syndicates Ltd is seeking an experienced Marine PI underwriter to support growth, manage renewals and endorsements, and strengthen client relationships across Chaucer's global hubs.

You will engage with brokers and clients, negotiate terms within underwriting authority, and help deliver Chaucer's long-term objectives in the Marine PI portfolio. This role involves collaboration with Operations and Claims teams and may include international travel.

Qualifications

• Experience in Marine PI underwriting is required.
• Strong negotiation and broker liaison skills are essential.
• Ability to build and manage client relationships across hubs.

Responsibilities

• Support Marine PI Lead in growth through established and new distribution channels.
• Negotiate renewals and new business in line with underwriting authority.
• Endorsements, amendments and promised lines as per authority; process declarations on line-slips.
• Liaise with Operations, Claims and Clients to ensure accurate records and timely follow-ups.
• Develop long-term client relationships and represent Chaucer in international hubs.

Skills

Marine PI underwriting

Negotiation with brokers

Client liaison

Market awareness

Education

ACII Qualified

Job description

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

Job Profile Summary

To participate in all aspects of underwriting and effective management of the Marine PI portfolio supporting PI Lead as required.

Job Description

• Support Marine PI Lead in driving growth via established distribution channels whilst developing new distribution opportunities including through engagement with Chaucer international hubs.
• Agreement and negotiation of renewals and new business in accordance with underwriting authority and aligned to Marine PI growth appetite/ambitions.
• Agreement of endorsements / amendments / promised lines in accordance with underwriting authority.
• Acceptance of individual declarations to specified line-slips.
• Agreement of special acceptances and referrals to binding authorities, line-slips and treaties.
• Pro-active Marketing to meet class and divisional budgets.
• Build on existing and develop new long term client relationships including where appropriate foreign travel.
• Build strong market peer group reputation.
• Participating on and where appropriate chairing special projects as and when required in order to meet Chaucer's long-term objectives.
• Ensure underwriting records are properly recorded and updated, including client files.
• Specific account analysis.
• Peer Review of risks as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual.
• Responsibility for the accuracy and upkeep of all written premium data on Charisma for all risks written within the area of responsibility.
• Liaison with Operations Department.
• Liaison with Claims Department.
• Client liaison for allocated risks.
• Referral point for Assistant Underwriter and Deputy.

Regulatory Responsibilities

Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.

Manage the relationships with Customers, Agents and Service Providers

Skills and Competencies

Relevant underwriting experience specific to Marine PI class, excellent negotiating ability with brokers and liaising with clients

Strategic & Innovative Thinking

Translates organisational vision through effective goal setting and strategic planning. Able to think creatively and innovatively

Commercial Awareness

Understanding of the way the business works and displays knowledge of the external market place, in order to drive the business forward.

Execution

Striving to build key relationships and showing ownership of targets; focusing on results

Resilience & Adaptability

Demonstrates high personal resilience and ability to adapt to change.

Education

ACII Qualified

Why Join Chaucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are.

We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.

We offer:

• A flexible hybrid work model that supports individual and team needs.
• A diverse, inclusive culture that values people for who they are.
• Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.