Marine Delegated Portfolio Underwriter

Chaucer Syndicates Ltd; Greater London; Hybrid; GBP 65,000 - 100,000; Full time

Benefits offered by this job

Medical cover

Life cover

Pension

Flexible holidays

Wellbeing support

Job summary

Chaucer Syndicates Ltd in London is seeking a Marine Delegated Portfolio Underwriter to manage delegated authority and support client relationships within a dynamic international team. You will oversee risk governance, data and portfolio analytics, endorsements, and renewals, while coordinating with brokers, clients and internal functions to drive profitable portfolio outcomes.

ACII qualification or progress and Lloyd's market experience are essential; the role offers a flexible hybrid working

Qualifications

• ACII qualification (or progress towards) and Lloyd's London Market delegated underwriting experience.
• Experience negotiating with brokers and liaising with clients.
• Understanding of business planning processes.
• Organised and able to meet tight deadlines while managing multiple priorities.
• Able to communicate with different levels and adaptable.
• Resilient and able to work in a pressured environment.
• Works as part of a team.

Responsibilities

• Manage the full suite of delegated portfolio processes including setup, weekly management and renewal.
• Endorsements, amendments and promised lines with underwriting authority.
• Develop client relationships and liaise with brokers and coverholders.
• Interpret underwriting data and provide modelling information.
• Ensure accurate maintenance of written premium data across Chaucer systems.
• Coordinate with credit control, claims, risk and actuarial teams.

Job description

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

Job Profile Summary

The Marine Delegated Portfolio Underwriter will work within the marine underwriting team, specifically implementing and managing their successful delegated authority business in this specialist class as well as supporting daily internal stakeholder and external coverholder relationships. This is a dynamic market leading international team that wants to continue to innovate marine portfolio development and new commercial outcomes.

Job Description

• Managing the full suite of delegated portfolio processes including initial setup, weekly management and renewal. This will include risk governance, assessment, data and portfolio analytics, compliance and regulatory oversight and relationship oversight.
• Agreement of endorsements / amendments / promised lines in accordance with underwriting authority.
• Agreement of special acceptances and referrals to binding authorities, line-slips and treaties.
• Build on existing and develop new long term client relationships including where appropriate foreign travel.
• Build strong market peer group reputation.
• Participating on and where appropriate chairing special projects as and when required in order to meet Chaucer's long term objectives.
• To interpret, prepare and analyse underwriting data to provide comprehensive modelling information to support the underwriting process.
• Ensure underwriting records are properly recorded and updated, including client files.
• Contribute to the successful implementation of business segmentation monitoring / management to allow the team to pursue optimal portfolio strategy.
• Responsibility for the accuracy and upkeep of all written premium data on Chaucer systems for all risks written within the area of responsibility.
• Liaise with other business areas within Chaucer as required to ensure effective management of the account including the delegated underwriting team, credit control, compliance, claims, exposure management, internal risk review and actuarial functions

Regulatory Responsibilities

Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.

Manage the relationships with Customers, Agents and Service Providers

Skills and Competencies

• Delegated Underwriting experience specific to the Lloyd's London Market
• Experience of negotiating with brokers and liaising with clients.
• Understanding of business planning process.
• Organised and able to work to tight deadlines and manage multiple priorities
• Able to communicate with different levels and is adaptable
• Resilient and able to work in a pressured environment
• Works as part of a team

Education

• ACII Qualification (or equivalent), or making good progress towards completion

Why Join Chaucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are.

We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.

We offer:

A flexible hybrid work model that supports individual and team needs.

A diverse, inclusive culture that values people for who they are.

Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.