Property Treaty Underwriter

Ocean International Reinsurance; Greater London; On-site; GBP 40,000 - 60,000; Full time

Job summary

Join a dynamic team as a Property Treaty Underwriter, where you will play a pivotal role in the growth of a global property portfolio. This position offers a unique opportunity to work in a fast-paced environment, leveraging your expertise in underwriting and pricing strategies. You will be responsible for evaluating risks, negotiating contracts, and maintaining key relationships with brokers and clients. As part of a forward-thinking company, you will contribute to the profitability and growth of the organization while enjoying a collaborative culture that fosters professional development and innovation.

Benefits

10% defined non-contributory pension scheme

Private medical insurance

Income protection

Group life insurance

30 days of annual leave plus bank holidays

Opportunities for career growth

Exposure to international markets

Qualifications

• 5+ years of Property Treaty experience in a client-facing role.
• Strong analytical skills with experience in financial modeling.

Responsibilities

• Evaluate risks and develop pricing strategies for Property Treaty business.
• Maintain relationships with brokers and clients to ensure business retention.

Skills

Property Treaty Underwriting

Analytical Skills

Financial Modeling

Communication Skills

Negotiation Skills

Attention to Detail

Problem Solving

Education

Lloyd's or Company Market Experience

Technical Knowledge of Property Treaty

Tools

Excel

Catastrophe Models (RMS, AIR)

Job description

2 weeks ago Be among the first 25 applicants

We are seeking a skilled and analytical Property Treaty Underwriter to join our underwriting team to help grow the existing Global Property portfolio of the company. A unique opportunity to work in a rapidly evolving environment, in a fast growing team and company with significant grow ambitions. We are looking for an individual that will bring a level of expertise and contribute to the development of portfolio of Property Excess of Loss Risk, Cat and Pro Rata business. The role involves evaluating risks, developing pricing strategies, maintaining broker and client relationships, and contributing to the company's profitability and growth.

What are we looking for?

As a Property Treaty Underwriter, you will be able to:

• Develop and assist in the maintenance of the Property Treaty line of business (LoB).
• Negotiate, assess and underwrite renewal and new business in a timely and efficient manner in line with the business plan and personal authority limits.
• Use pricing tools un-supervised and price the business in accordance with pricing and underwriting strategy.
• Support the Head of LoB or Group CUO with broker interaction, modelling, strategic thinking, emerging risk analysis and business planning.
• Develop and maintain relationships with brokers and clients with a view to the retention of renewal business and production of new business.
• Ensure compliance with regulatory and internal procedures and aggregate management.
• Compile underwriting reports and presentations as appropriate.
• Maintain good relationships with both external and internal parties as appropriate.
• Understand performance of all risks and accounts.
• Review and finalise contract wordings.
• Maintain and update own professional knowledge/qualifications/training as required.

Essential qualifications, skills and experience

• Lloyd’s or company market Property Treaty experience (broking or underwriting), of at least 5 years in a client/broker facing role.
• Technical knowledge of Property Treaty business.
• Use and experience in Property Treaty Pricing models.
• Strong analytical and financial modeling skills, with experience using Excel and catastrophe models (RMS, AIR, etc.).
• Excellent communication skills (written and verbal).
• Organised, methodical, quick thinker.
• Willingness and desire to learn and develop.
• Demonstrate strong analytical skills and problem solving abilities.
• Attention to detail and accuracy.
• Sociable, approachable and presentable with a good work ethic and willingness to take on responsibility.
• Ability to work to under pressure and meet deadlines.
• Excellent negotiation, communication, and relationship management skills.
• Ability to work in a fast-paced environment, manage multiple priorities, and make sound underwriting decisions.
• Ability to work in multicultural environments and adapt to different business cultures.

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% defined 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 honour the promises we make to our regional clients by supporting the creation of new capabilities to address 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, while our financial strength and solvency allow us to expand and aim for more.

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

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Financial Services, Investment Management, and Capital Markets

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