Life Underwriter

Ocean International Reinsurance; Greater London; On-site; GBP 50,000 - 80,000; Full time

Job summary

Join a leading reinsurance provider as a Life Underwriter, where you'll thrive in a fast-paced environment focusing on group life and personal accident insurance. This role offers the chance to develop key business relationships, assess risks, and lead underwriting operations. With a commitment to innovation and excellence, you'll work alongside industry experts in a collaborative atmosphere. Enjoy competitive salaries, performance-based incentives, and opportunities for professional growth. Be part of a diverse team that values initiative and strategic thinking, shaping the future of reinsurance.

Benefits

10% non-contributory pension scheme

Private medical insurance

Income protection

Group life insurance

30 days of annual leave plus bank holidays

Qualifications

• 5-7 years of experience in insurance or reinsurance.
• Strong background in group life and personal accident underwriting.

Responsibilities

• Assess and underwrite group life and personal accident risks.
• Build and maintain relationships with brokers and insurers.

Skills

Business Development

Client Acquisition

Underwriting

Risk Assessment

Negotiation Skills

Market Analysis

Fluency in English

Education

Bachelor's degree in Economics

Bachelor's degree in Business Administration

Bachelor's degree in Finance

Bachelor's degree in Actuarial Science

Professional certifications in insurance

Job description

1 month ago Be among the first 25 applicants

Direct message the job poster from Ocean International Reinsurance

Human Resources Business Partner | MSc | DEI Champion | Standalone HRBP | Ex-Peninsula | Ex-Paack | Ex- Jobandtalent

About the Opportunity

We are seeking an experienced Life Underwriter to join our dynamic team. This role offers a unique opportunity to work in a fast-paced reinsurance environment, focusing on group life and personal accident insurance across Europe and the Middle East. You will be responsible for underwriting risks, developing business opportunities, and managing key relationships with brokers and insurers.

What are we looking for?

As a Life & Health Underwriter, you will be able to:

a) Business Development & Client Acquisition

• Identify new business opportunities in Europe and the Middle East.
• Build and maintain relationships with brokers and insurers.
• Present commercial proposals and attend industry meetings and events.

b) Underwriting & Risk Assessment

• Assess and underwrite group life and personal accident risks.
• Define terms and conditions for reinsurance programs.
• Collaborate with the actuarial team to analyze profitability and pricing.

c) Client & Broker Relationship Management

• Develop long-term relationships with clients and brokers.
• Provide expert advice and manage contract renewals.

d) Market Analysis & Trends

• Conduct market research and monitor insurance trends.
• Stay updated on regulatory changes affecting life and accident insurance.

e) Compliance & Reporting

• Ensure underwriting operations comply with legal and regulatory requirements.
• Work closely with the legal and compliance teams.
• Prepare periodic reports on underwriting activities and business performance.

f) Professional Profile

• Education & Certifications: Bachelor's degree in Economics, Business Administration, Finance, Actuarial Science, or Insurance.
• Professional certifications in insurance or reinsurance are advantageous.

g) Experience

• 5-7 years of experience in the insurance or reinsurance industry.
• Strong background in group life and personal accident underwriting.
• Experience in commercial negotiations and risk assessment.
• Knowledge of reinsurance markets and key industry players in Europe & Middle East.

Ideally, you should also have:

• Strong commercial acumen with a proactive approach to business development.
• Technical expertise in underwriting, actuarial analysis, and risk evaluation.
• Excellent negotiation and communication skills.
• Ability to work in multicultural environments and adapt to different business cultures.
• Fluency in English (mandatory); knowledge of Spanish or other languages is a plus.

Our promise to you

• Competitive salary with performance-based incentives.
• Opportunities for career growth and professional development.
• Exposure to international markets and global clients.
• A collaborative and dynamic work environment alongside industry experts.
• 10% non-contributory pension scheme.
• Private medical insurance.
• Income protection.
• Group life insurance.
• 30 days of annual leave plus bank holidays.

Who We Are

Oceanre is a leading reinsurance provider, specializing in life, health, property & casualty, personal accident, cargo, surety, and motor insurance solutions. We partner with global insurers, brokers, and corporate clients to deliver innovative and optimal risk transfer programs. Our commitment to discipline, transparency, and consistency in underwriting and claims handling makes us a trusted name in the industry.

Our Culture

At Oceanre, we support the creation of new capabilities to address our clients' evolving needs. We empower our team to take initiative, think strategically, and drive impactful solutions. Our diverse and inclusive work environment fosters continuous learning and relationship-building, while our financial strength and solvency enable us to expand and innovate.

Are you ready to shape the future of reinsurance? Be bold.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Insurance