Life Underwriter

JR United Kingdom; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking an experienced Life Underwriter to join their 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. With a competitive salary and performance-based incentives, this position promises career growth and professional development in a collaborative work environment. If you are ready to shape the future of reinsurance, this is the opportunity for you!

Benefits

Competitive salary with performance-based incentives

Opportunities for career growth

Exposure to international markets

Collaborative work environment

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 underwriting group life and personal accident.

Responsibilities

• Underwrite risks and develop business opportunities.
• Manage relationships with brokers and insurers.
• Conduct market research and monitor insurance trends.

Skills

Business Development

Client Acquisition

Underwriting

Risk Assessment

Market Analysis

Compliance

Negotiation Skills

Communication Skills

Fluency in English

Knowledge of Spanish

Education

Bachelor’s degree in Economics

Bachelor’s degree in Business Administration

Bachelor’s degree in Finance

Bachelor’s degree in Actuarial Science

Bachelor’s degree in Insurance

Job description

We are seeking an experienced Life Underwriter to join our dynamic team. This position 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:

1. 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.

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.

Client & Broker Relationship Management

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

Market Analysis & Trends

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

Compliance & Reporting

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

Professional Profile

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

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 & the Middle East.

Ideally, candidates should also possess:

• 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 honor our commitments to our regional clients by supporting the creation of new capabilities to meet their 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, supported by our financial strength and solvency to expand and aim higher.

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