Marine Hull Underwriter

Avencia Consulting Services; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading reinsurer is seeking a Marine Hull Underwriter to support growth strategies and manage existing portfolios. The role involves underwriting responsibilities, relationship management, and mentoring junior staff, offering a competitive salary in a dynamic market.

Qualifications

• Minimum of 5 years' experience in broking or underwriting.
• Proficient understanding of the International underwriting marketplace.
• Established networks with brokers and clients.

Responsibilities

• Assist in originating, modelling, and administering a portfolio of (re)insurance business.
• Participate in the underwriting process and determine coverage.
• Supervising and/or mentoring junior team members.

Skills

Analytical skills

Negotiation

Relationship management

Education

Bachelor's degree

Job description

About us

Avencia Consulting are partnered with a leading Reinsurer who are looking to hire a Marine Hull Underwriter to join on a permanent basis.

The role

Reporting to the Deputy Head of Marine, the primary purpose of the role is to assist in originating, modelling, administering and underwriting a portfolio of (re)insurance business. This is an opportunity to work an existing book of business whilst supporting 2025 growth strategies.

Key accountabilities

Participate in the underwriting process, evaluation and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language
Assist and work with risk modeling and pricing tools
Originate, leverage, build and maintain broker and client relationships
Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes / requirements
Ensure accuracy and integrity of underwriting data in group underwriting systems
Prepare and issue quotes on an accurate and timely basis
Supervising and/or mentoring junior members of the team
Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required
Assist with strategic initiatives as needed to promote business growth

Skills & experience

Bachelor's degree
Minimum of 5 years' experience in a broking or underwriting capacity in the relevant line of business
Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
Proficient understanding of the International underwriting marketplace
Excellent analytical skills (testing may be required), with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles
Proven negotiator, with demonstrated ability to attract new business and retain clients