Principal Estimator

Allied World Assurance Company Holdings, Ltd.; City of Westminster; On-site; GBP 125,000 - 150,000; Full time

Job summary

A leading insurance firm in the UK is looking for an experienced underwriter to develop the regional portfolio and establish new relationships with partners. The ideal candidate will have 5–7 years of experience in underwriting commercial combined or property business, excellent analytical skills, and strong marketing capabilities. Responsibilities include account analysis, issuing policies, and supervising team members. This role requires a collaborative approach and effective communication with clients and brokers.

Qualifications

• 5–7 years of experience in underwriting commercial combined or property business.
• Knowledge of pricing and actuarial models.
• Strong ability to influence and negotiate.

Responsibilities

• Develop the regional portfolio and establish new partnerships.
• Perform extensive account analysis and review underwriting applications.
• Supervise work and provide training to junior team members.

Skills

Analytical skills

Communication skills

Marketing capability

Team player

Tools

MS Office applications

Underwriting systems

Job description

Responsibilities

• Development of the Allied World regional portfolio exploring opportunities with our existing partners and establishing new relationships.
• Perform extensive account analysis according to underwriting guidelines to include thorough review of underwriting application/submission, consideration of risk management protocols, research via on-line services and other available resources and liaising with other Company departments to establish full understanding of risk exposures.
• Perform referrals (as required) with the relevant AW contact.
• Responsible for timely and correct issuance of bound polices.
• Working closely with the wider Commercial Division and contribute to the formation of overall strategy / business plans and their execution.
• Authorizing of quotes, binders and invoices in accordance with company guidelines.
• Accountable for the maintenance of underwriting files in an orderly manner and in accordance with the underwriting guidelines.
• Supervision of work to Underwriters as deemed appropriate and responsible for the professional development and training of assigned team members or direct reports where applicable.
• Marketing – attend client/broker meetings, lunches, dinners and other social outings as applicable; meet with key brokers regularly to discuss production, service and other topics relative to division operation.

Qualifications

• 5–7 years demonstrable experience underwriting commercial combined or property business.
• Excellent analytical skills and solid knowledge of pricing & actuarial models and methods.
• Highly articulate, with exceptional communication and interpersonal skills – required for daily liaison with clients and brokers including delivering effective presentations and building strong working relationships.
• Strong marketing and business development capability – commercial acumen, ability to influence and negotiate to various levels of seniority, internally and externally.
• Highly computer literate within MS Office applications and an advanced level proficiency using underwriting systems.
• Methodical approach to work, strong organization skills; capable of dealing with tight reporting deadlines and conflicting priorities.
• Overall team player with collaborative outlook – coaching approach to the development of more junior members of the team.

About Allied World

Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge. We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs. Our people are our most important asset, and we are very proud of the quality of our team members.

Equal Opportunity

Allied World is an equal opportunity employer. Subject to applicable law, all qualified applicants will be considered for employment without regard to race, color, religion or belief, gender, age, disability, military service, marital or civil partnership status, family status, sexual orientation, ethnic or national origin, genetic information or any other characteristic protected by applicable law or regulation in the relevant jurisdiction where we operate.