Delegated Authority Underwriter - International General Liability

Chaucer Underwriting Services Limited; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

Chaucer Underwriting Services Limited seeks a Delegated Authority Underwriter specializing in International General Liability. You will support the production of profitable business while managing relationships with clients and brokers.

The ideal candidate has a minimum of 5 years experience in the Lloyd's insurance environment and knowledge of Casualty International Liability. Strong organizational and communication skills are essential for this role.

Qualifications

• Delegated Authority Underwriting background with a minimum of 5 years in Lloyd's insurance.
• Desirable experience in Casualty International Liability Insurance or related fields.
• Comfortable with in-house underwriting management systems.

Responsibilities

• Support the Head of Intl GL in underwriting a profitable book.
• Monitor and oversee Delegated Authority business.
• Develop business plan and input into forecasting processes.
• Seek new business opportunities through broker relationships.
• Ensure compliance with Lloyd’s and CIC regulations.

Skills

MS Office (including Excel & Word)

Relevant insurance platform experience (PPL & Whitespace)

Good communication skills

Organisational skills

Education

ACII qualified or working towards associateship

Job description

Delegated Authority Underwriter - International General Liability

To underwrite and manage a profitable International General Liability book.

Job Summary

Main duties include supporting the Head of Intl GL in writing a profitable book focused on Delegated Authority business, taking responsibility for part of the International General Liability class of business with monitoring and oversight, supporting the production of a business plan for review, input into monthly and quarterly forecasting, underwrite in accordance with underwriting authority and the business plan, seeking new business opportunities, reviewing new and renewal risks, slip analyses, rating/benchmark analyses, and undertaking premium monitoring.

Responsibilities

• Support the Head of Intl GL in writing a profitable International General Liability book focused on Delegated Authority business
• Take responsibility for part of the International General Liability class of business including monitoring and oversight of Delegated Authority business
• Support the production of a business plan for review and agreement by Divisional Head
• Input into the monthly and quarterly forecasting process for the International General Liability class
• Underwrite in accordance with underwriting authority and the business plan
• Seek out new business opportunities through liaison with brokers and clients
• Review new and renewal risks including slip analyses, perform rating/benchmark analyses and undertake premium monitoring
• liaise with brokers and develop good working relationships with broking and support teams
• Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial etc.
• Use market, industry and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the Int GL market in general
• Peer Review of Delegated Authority business 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 written premium data on Charisma and other systems for all risks written within the area of responsibility
• Work closely with the Delegated Authority Centre of Excellence as a focal point for Delegated Authority business
• Prepare reports and statistical information as required by senior management
• Assist in the continuous assessment of rating and benchmarking models
• Travel to visit existing and potential clients as required
• Ensure compliance with and maintenance of Group systems
• Compliance with Lloyd’s and CIC regulations and byelaws
• Regulatory responsibilities
• Manage relationships with Customers, Agents and Service Providers: ensure principles of Treating Customers Fairly are upheld by Agents and Service Providers, and brokers, cedants and coverholders are vetted and approved by Compliance and TOBAs before engaging or writing business

Relevant Experience

Delegated Authority Underwriting background, minimum of 5 years working within the Lloyds insurance environment, and desirable relevant experience in Casualty International Liability Insurance or related classes with knowledge of the London and Lloyd’s markets.

Technical Skills

• Essential MS Office – including Excel & Word
• Relevant insurance platform experience – PPL & Whitespace
• Comfortable with in-house underwriting management systems
• Detailed understanding of fundamental insurance/reinsurance concepts, MRC slip standards, contract certainty requirements, market standard model clauses (NMA, LMA, LSW model endorsements & exclusions) and class‑specific terms and conditions

Education & Experience

Desirable ACII qualified or working towards achieving associateship.

Personal Skills

• Professional outlook – flexible at all times
• Very good interpersonal skills
• Excellent organisational skills
• Excellent communication skills with ability to liaise at all levels
• Work as part of a team
• Adapt to a pressured environment

Equal Employment Opportunity

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.