Life Science Senior Underwriter

Chubb; City Of London; On-site; GBP 100,000 - 125,000; Full time

Job summary

A leading insurance firm in the UK seeks a Senior Life Science Underwriter. You will underwrite new and existing business in the Life Science sector, develop broker relationships, and lead underwriting initiatives. Ideal candidates will have a strong background in risk analysis and have experience with multinational clients. This role offers a comprehensive benefits package including a pension scheme, annual bonus, and professional development opportunities.

Benefits

Pension and annual bonus scheme

25 days annual leave plus ability to purchase 5 additional days

Private Medical cover

Employee Share Purchase Plan

Comprehensive Learning & development offerings

Subsidised gym membership

Qualifications

• Experience in the Life Science Sector is strongly preferred.
• Ability to underwrite multiline accounts with minimal direction.
• Strong expertise in risk analysis and negotiation.

Responsibilities

• Develop and execute business plans focusing on broker relationships.
• Build and maintain relationships with designated brokers.
• Analyze account-specific information and ensure adherence to underwriting strategy.

Skills

Risk analysis

Broker relationship development

Underwriting multiline accounts

Education

ACII qualified or working towards

Job description

This position of Senior Life Science Underwriter for the UK involves the underwriting of new and existing business in the Life Science sector. This can be any combination of mono-line or packaged Employers Liability, Public Liability, Products & Services Liability, Property, Clinical Trials and Errors and Omissions and Cyber.

The successful candidate will develop and execute a business plan focusing on strong broker relationships, sector knowledge, and market profile. They will have involvement in local strategic management, sound business acumen, and sound technical knowledge.

Key Responsibilities

• Development, growth, profitability and service of existing client and acquisition of new business. Responsible for service on a small number of key branch retained accounts, and deliver a personal new business target for UKI.
• Build and maintain relationships with a panel of designated brokers, ensuring our product and proposition is communicated, and working with BDMs to ensure proactive pipelining of new business and cross-sell opportunities utilizing Salesforce.
• Technical specialist for Life Science with external profile as a subject matter expert. Representing Chubb externally with brokers and within the sector.
• Assist with the budgeting process including setting plan, and providing accurate predictions and reforecasts to help with business planning.
• Obtains and analyses account-specific information and ensures accuracy and compliance with underwriting strategy and authority.
• Contribute towards implementation of our marketing plan, helping to communicate and promote our proposition to our broker partners and the industry.
• Contribute towards the growth, profitability, innovation, and service proposition of the Life Science Practice across UKI
• Coach and support Junior NUC/UKI Branch team members including taking referrals

Qualifications

• Experience of the Life Science Sector is strongly preferred.
• Experience of underwriting and servicing multinational clients, and has knowledge of programme structure and compliance requirements
• Ability to underwrite multiline accounts
• Under minimal direction, works within delegated underwriting authority
• Strong expertise in risk analysis, interpretation and analysis of claims, and appropriate deployment of loss control resources
• Proven ability to successfully negotiate on all levels and develop broker relationships.
• Aptitude to attract and retain profitable business
• Strong interpersonal, written communication skills and focus on quality.
• ACII qualified or working towards preferred but not essential.

What we offer in return

Pension and annual bonus scheme, 25 days annual leave plus ability to purchase 5 additional days, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program

Integrity. Client focus. Respect. Excellence. Teamwork

Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion. At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know in your application or in any future discussions with our recruiters.

https://www2.chubb.com/emea-careers/working-for-us/diversity-inclusion.aspx