Development Underwriter - Property & Casualty

Travelers Insurance Co. Ltd.; England; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

Travelers Insurance Co. Ltd. is seeking a Development Underwriter focused on new business development and broker relationships in the South of England. You will underwrite, negotiate terms, and manage risk across a varied book, while driving profitability and scalable growth for Travelers.

The role supports a hybrid work arrangement with three days in the office and two days at home, and requires travel to meetings as needed.

Qualifications

• Knowledge of property & casualty underwriting principles and risk evaluation.
• Experience building and maintaining broker partnerships.
• Ability to manage and grow a portfolio with profitability targets.

Responsibilities

• Underwrite and negotiate moderate risks to maximise profitability.
• Manage profitability, growth, and retention of an assigned book.
• Proactively target new business and maintain broker relationships.
• Collaborate with managers on risk characteristics and portfolio actions.
• Support renewal processes and mentor junior underwriters.

Skills

Underwriting knowledge

Broker relationship building

Portfolio management

Education

Degree in a relevant field

Tools

Risk assessment platforms

Job description

Business Insurance helps companies in the UK and Ireland identify, prepare for and mitigate risks by offering a broad array of industry-specific, combined property and casualty insurance solutions to customers.

We are looking for a Development Underwriter who is passionate about new business development and building strong broker relationships concentrating on the South of England region. You will proactively manage submissions, quotes and binds, while cultivating and maintaining broker partnerships delivering tailored insurance solutions. Decisive and detail-oriented, you will use your technical Property & Casualty underwriting knowledge to independently assess and evaluate risk, negotiate terms and sell our products across, driving sustainable profitability and long-term success for Travelers.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company's discretion.

What Will You Do?

• Manage the profitability, growth, and retention of an assigned book of business comprised of routine to moderately complex accounts across most of our products.
• Underwrite and skillfully negotiate moderate risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
• Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
• Identify and take corrective action in collaboration with your Manager / Team on individual risk characteristics identified through Portfolio Management.
• Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
• Proactively utilise various technology platforms to quote and bind risk efficiently.
• Provide input and support the presentation of Underwriting Reviews for individual policies or portfolios and manage action points.
• Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
• Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
• Develop and execute pipeline plans and support the renewal team in the retention of business that aligns with the team's sales plans to drive success working in partnership with the sales team.
• Train and mentor less experienced underwriters.
• Support and collaboration for more junior members of the team, including referrals.