Underwriter: War & Terrorism

Liberty Specialty Markets
GBP 60,000 - 80,000
Job description

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 26-Mar-2024

Employment Type: Permanent

Employment Type: Full time

Ref #: 1234570438

Description & Requirements

Department: War & Terrorism


Location: London

Type: Permanent

About the Role:

This is an opportunity to join the well-established and experienced War and Terrorism team within Liberty Specialty Markets. The role offers exposure to a global portfolio of business ranging from SME accounts to large, listed multinationals. The candidate will look to maintain relationships with brokers, clients and business partners in order to manage a renewal portfolio and help develop new business opportunities.

About the Department & Team:

The team are market leaders in this class with over 30 years combined War & Terrorism Underwriting experience. We lead many of the large broker facilities and work closely with our partners to tailor our products to the changing global political and Terrorist risk. Given the recent change in market conditions our team are looking to leverage on their market position and build out their team of Underwriting specialists.

  • Support the development of the annual business plan for the Underwriting division and ensure delivery of the plan in accordance with stated risk tolerances.
  • Ensure the team’s awareness of the business plan and its context so that they are able to take appropriate action and make informed decisions.
  • Contribute and participate in all meetings in order to share and develop strategy, knowledge and best practice.
  • Contribute new ideas and concepts to support the development and delivery of the business plan.


  • Establish and strengthen relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives.
  • Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance.
  • Continually develop expertise and technical knowledge through appropriate development initiatives.
  • Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including Negotiating rates, terms and conditions for existing and new business.
  • Compliance with the production and issue of documentation in accordance with contract certainty requirements.
  • Contribute and influence in the review and analysis of the portfolio, to identify progress towards business objectives.
  • Ensure entries are properly recorded onto relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures.

Policy, Process and Procedures

  • Compliance with all applicable internal and external laws, regulations, policies, procedures and guidance.
  • Adhere to underwriting standards, instructions and best practice methodology in order to minimise risk.
  • Apply any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan.
  • Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Skills and Experience:

  • A good knowledge of market conditions to terrorism and political violence, or political risk.
  • Knowledge of legal and regulatory requirements.
  • Analytical
  • Underwriting Experience and renewal business authority
  • Excel & data analysis skills.
  • Prior use of aggregate models

About Liberty Specialty Markets (LSM)

Liberty Specialty is part Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

  • Offering a vibrant and inclusive environment and committing to their career development.
  • Promoting diversity, equity and inclusion (DEI). OurInclusion Matters frameworkand employee-led networks strengthen the diversity of our workforce and our inclusive environment.
  • Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
  • A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

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