High Net Worth Underwriter

R T Specialty, LLC; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A recognized specialty insurance firm in London is seeking a High Net Worth Underwriter. The successful candidate will manage a portfolio, assess risks, and develop relationships with brokers. Demonstrated experience in high net worth underwriting is required. This role offers a full-time contract and the opportunity to contribute to customized insurance solutions.

Qualifications

• Demonstrable experience in high net worth underwriting is desirable.
• Consideration for UK risk experience or US property experience as well.
• Understanding of insurance coverage terms and premiums.

Responsibilities

• Underwrite new and renewal high net worth property business.
• Determine whether to accept, modify or decline a risk.
• Build long-term relationships with brokers and clients.

Skills

Risk assessment

Portfolio management

Relationship building

Technical knowledge

Market analysis

Education

Experience in high net worth underwriting or UK based risk management

Job description

High Net Worth Underwriter page is loaded

High Net Worth Underwriter

Apply locations London - UK time type Full time posted on Posted 30+ Days Ago job requisition id JR25-2348

Position Summary:

The Property and Casualty Underwriter is responsible for managing a portfolio of accounts and driving new and renewal business opportunities for Property and Casualty insurance. The role assesses risks associated with insuring properties and liabilities, evaluates applications, analyzes data, and determines coverage terms and premiums to ensure sound underwriting decisions. They develop and maintain underwriting practices and guidelines as per delegated authority and build relationships with brokers and other stakeholders in the designated portfolio.

Location:

London - UK

What will your job entail?

Job Responsibilities:
• Underwrites new and renewal high net worth property business, analyses policy forms, broker endorsement requests, and submitted documentation as per company underwriting standards and guidelines and obtains additional information as needed.
• Determines whether to accept, modify or decline a risk through evaluation of the coverage value, location, usage, safety features, and other factors pertinent to the decision.
• Determines appropriate coverage limits and insurance premiums, policy terms and conditions based on risk assessment and underwriting guidelines and ensures active portfolio management of property and casualty accounts.
• Delivers services for new property business and renewals while demonstrating professionalism, technical knowledge, and adherence to underwriting guidelines.
• Examines, identifies, and evaluates exposures and ensures compliance with state and country laws and guidelines established by carriers and the organization.
• Provides premium forecasts and business plans to support budget and performance targets.
• Maintains existing broker relationships and collaborates across teams to manage production activities such as submissions, quotes, declines, binds, issuance to provide accurate, timely, and quality service to clients.
• Builds professional, long-term relationships in the designated portfolio and as per delegated authority limits and partners with brokers to create customised insurance solutions as needed to service a client.
• Creates opportunities for new business, maximises retention of assigned portfolio and ensures timely review of renewal business to achieve business targets.
• Executes marketing activities, attends seminars and training, and stays abreast on market dynamics and property and casualty underwriting trends.
• Stays informed about industry trends, emerging risks in the high net worth sector, terminology, regulations and adjusts underwriting strategies accordingly.

Work Experience and Education:
• Demonstrable experience in US high net worth underwriting is desirable, but we could consider an individual with UK based risk experience or US property experience as well.

Disclaimer

Ryan Specialty is an Equal Opportunity Employer. We are committed to building and sustaining a diverse workforce throughout the organization.Our vision is an inclusive and equitable workplace where all employees are valued for and evaluated on their performance and contributions. Differences in race, creed, color, religious beliefs, physical or mental capabilities, gender identity or expression,sexual orientation, and many other characteristics bring together varied perspectives and add value to the service we provide our clients, trading partners,and communities.This policy extends to all aspects of our employment practices, including but not limited to, recruiting, hiring, discipline, firing, promoting, transferring, compensation, benefits, training, leaves of absence, and other terms, conditions, and benefits of employment.

About Us

Ryan Specialty is a leading international specialty insurance firm which offers wholesale brokerage services, delegated underwriting expertise in the form of binding authorities, programs and highly specialized managing general underwriting companies, and other services designed specifically for brokers, agents and insurers. Ryan Specialty’s mission is to be the most trusted trading partner of insurance brokers, agents and insurance carriers.

Ryan Specialty, LLC and its affiliates (“Ryan Specialty”) do not accept unsolicited resumes or candidate profiles submitted by any staffing agencies, placement services, or professional recruiters (“Agencies”), including any submissions made through our website or to email accounts of Ryan Specialty employees. Agencies must obtain advance written approval from Ryan Specialty’s HR department to submit resumes and candidate profiles, and then only in conjunction with a valid, fully executed contract for service and in response to the particular search for which Ryan Specialty has engaged such Agency. Agency fee agreements will only be valid if in writing and signed by a member of Ryan Specialty’s HR team. No other Ryan Specialty employee is authorized to bind Ryan Specialty to any agreement regarding placement of candidates by any Agency. Any unsolicited resume or candidate profile received from an Agency without prior approval from Ryan Specialty’s HR department and in compliance with Ryan Specialty’s candidate submission process shall be considered unsolicited, gratuitous and property of Ryan Specialty for recruiting purposes and, as such, is not subject to payment of any Agency fees.