Senior Development Underwriter - D&O

Travelers; Manchester; Hybrid; GBP 85,000 - 110,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Travelers in the United Kingdom seeks a Senior D&O Underwriter based in Manchester or Leeds, responsible for driving new business growth across the North region. You will proactively grow a portfolio of broker relationships while managing renewals to maintain retention, pricing, and profitability.

Working with regional and product specialists, you will own broker relationships and be accountable for new and recurring revenue.

Responsibilities

• Underwrite and assess risk for products and accounts from assigned brokers.
• Consistent with TICL underwriting principles underwrite more complex accounts and risks.
• Make prompt, sound decisions within underwriting authority and negotiate terms and conditions.
• Develop and leverage broker/client relationships to support business objectives.
• Create and execute sales plans with regional sales leadership.

Skills

Underwriting

New business development

Broker relationships

Sales

Job description

Who Are We?

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Underwriting

Target Openings

1

What Is the Opportunity?

We're hiring a Senior D&O Underwriter based in Manchester or Leeds, with responsibility for new business growth across the North region.

With a primary focus on driving new business development, you will proactively grow a portfolio of broker relationships while simultaneously managing renewal business to maintain retention, pricing, and profitability.

Working alongside regional and product specialists, your main objective will be to bring in new clients, identify fresh opportunities for growth, and expand existing accounts. This role prioritises sales and proactive pipeline development alongside expert underwriting, you will fully own your broker relationships and be directly accountable for the new and recurring revenue they produce.

Beyond your own portfolio, you'll play an active part in developing the people around you, coaching and mentoring Development Underwriters and setting the standard for how the team operates.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company's discretion.

What Will You Do?

• Underwrite and assess risk for products and accounts from assigned brokers. Make appropriate decisions within own underwriting authority in addition to considered, intelligent, and complete recommendations to regional or product underwriting leadership.
• Consistent with TICL underwriting principles underwrite more complex accounts and risks and consider different approaches toward risks to maximise profitability (e.g., pricing, retention, endorsements, limits, indemnity, security).
• Make prompt, sound decisions within underwriting authority and based on appropriate underwriting information. Negotiate terms and conditions consistent with regional or product underwriting requirements and standards within submission timeframe.
• Understand and execute product segment strategies to produce budgeted results.
• Continuously manage book of business (maintain quality of business required by regional or product underwriting strategy).
• Accountable for accurate underwriting documentation and information in account management systems and adherence to documentation standards.
• Embrace required working practices with allocated Underwriting Account Management resource in order to deliver appropriate and timely underwriting service on your accounts at all times.
• Establish and maintain collaborative relationships with colleagues in Head Office, Risk Control, Claims, Actuarial, and as needed, any other parts of the organisation.
• In exercising own underwriting authority, assure that policies and accounts are effectively underwritten, handled and documented in compliance with company and regulatory standards and requirements.
• Develop and leverage broker/client relationships through a high level of visibility and using a disciplined sales management approach (e.g., planning and follow-up for broker and prospective customer visits/meetings) in support of business objectives.
• Effectively develop and execute sales plans for assigned brokers in conjunction with the regional sales leadership as appropriate.
• Create and achieve sales plans that identify and capture new business opportunities and effectively cross sell TICL products.
• Act as a responsible business partner with assigned brokers and clients, managing interests of TICL.
• Seek out and maintain collaborative relationships with colleagues in other business units and regions to foster business development.
• Actively participate/lead regularly scheduled regional and product underwriting and/or sales meetings with your team.
• Demonstrate superior customer service standards (consistency, quick response, knowledge of products).
• Work with others to help achieve underwriting, sales and production goals and understand and work towards strategic objectives.
• Customer interaction focusing on meeting customer expectations for response time and knowledge of products and business.
• Work strategically and tactically with brokers to ensure they have an appropriate level of understand.
• As an employee you are expected to act in an ethical manner at all times. You will ensure you understand all compliance and regulatory requirements for your role by completing all necessary training and certifications.
• As an employee we expect your actions and outcomes will at all times meet local r