Life Science Senior Underwriter

Ryan Specialty; London; On-site; GBP 150,000 - 200,000; Full time

Job summary

An established industry player is seeking a Property and Casualty Underwriting Director to lead underwriting strategies and drive profitable growth. This pivotal role involves overseeing all aspects of underwriting, fostering innovation, and collaborating with executives to align business goals with strategic objectives. The successful candidate will be instrumental in developing innovative insurance products, enhancing client retention, and establishing strong relationships with key stakeholders. If you have extensive experience in Life Science underwriting and a passion for driving business growth, this opportunity is perfect for you.

Qualifications

• Proven track record in directing underwriting strategies and processes.
• Experience in fostering innovation and building key relationships.

Responsibilities

• Directs underwriting processes for new and renewed accounts to meet profitability targets.
• Leads development of innovative products and oversees risk analysis.

Skills

Underwriting Strategy

Business Development

Risk Analysis

Relationship Management

Innovative Product Development

Education

Extensive experience in Life Science underwriting

Job description

Position Summary:
The Property and Casualty Underwriting Director is responsible for directing the property and casualty underwriting strategy, policies, and processes to deliver profitable growth. The role oversees all aspects of underwriting, business development and retention and leads the development of innovative insurance products. They foster innovation, build key relationships, and collaborate with executives to ensure underwriting business is aligned with Ryan Specialty's strategic and financial goals.

Location:
London - UK

What will your job entail?

Job Responsibilities:

1. Directs and oversees the comprehensive underwriting process for both new and renewed life science accounts to achieve and exceed profitability targets.
2. Partners with executives and business heads to craft a compelling underwriting strategy, outlines ambitious revenue targets and market expansion plans.
3. Leads the development of innovative products within the underwriting portfolio, leveraging market insights, customer needs, and emerging industry trends.
4. Reviews and authorises innovative underwriting solutions and structures and recommends changes as needed to deliver business goals.
5. Supervises strategic initiatives and ensures data driven decision making, operational excellence and improved client retention in alignment with Ryan Specialty's vision and objectives.
6. Identifies areas for growth and cross-selling, fosters an innovative culture and drives the team to develop new underwriting practices, guidelines, and processes for increased effectiveness.
7. Oversees comprehensive risk analysis, evaluates factors such as coverage value, location, usage, safety features to make informed decisions on risk acceptance, modification, or decline.
8. Establishes and enforces consistent underwriting best practices within the team, aligning with underwriting guidelines to ensure rating, pricing, profitability, and structuring adequacy.
9. Establishes strong relationships with key brokers, clients, and other stakeholders aimed at growing the business.
10. Provides training and mentorship to underwriting professionals, focusing on underwriting approaches, compliance, policy documentation, administration, and other best practices.

Work Experience and Education:

Extensive experience in Life Science underwriting within the London Market