Senior Development Underwriter, Life Sciences

Everest Reinsurance Company; London; Hybrid; GBP 150,000 - 200,000; Full time

Job summary

Join a forward-thinking company as a Senior Development Underwriter in Life Sciences. This role offers the chance to shape and expand a bespoke client-centric proposition while working with a dynamic underwriting team. You'll leverage your expertise to build strong broker relationships, drive profitability, and ensure compliance in a rapidly evolving market. With a hybrid working model, you can enjoy the flexibility of remote work while contributing to innovative solutions in the Life Science sector. If you're passionate about underwriting and eager to make a significant impact, this is the perfect opportunity for you.

Qualifications

• Minimum of 5 years underwriting experience with a focus on Life Science.
• ACII qualified or significant progress towards qualification.

Responsibilities

• Develop and expand Life Science Practice in the UK regions.
• Manage a portfolio of new business and renewals effectively.

Skills

Underwriting experience

Relationship building

Strategic analysis

Decision making

Risk assessment

Compliance knowledge

Market knowledge

Sales skills

Education

ACII qualification

5+ years industry experience

Job description

Title: Senior Development Underwriter, Life Sciences
Company: Everest Advisors (UK), Ltd.
Job Category: Underwriting

It’s an exciting time for Everest Re Group, Ltd. (“Everest”)! As we continue on our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets. Everest is a leading global reinsurance and insurance provider, operating for over 50 years through subsidiaries in Bermuda, Canada, Europe, Singapore, the US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture.

This position will be based in our London office with a hybrid schedule that has the option of working two days remotely each week.

About the role

Industry Practices has been created to deliver market leading multiline solutions for specific high performing industry verticals. Our specialist underwriting team is building a multiline bespoke client centric proposition tailored for the Life Science Industry and is supported by claims and in-house specialist risk engineering. We are looking for a multiline Underwriter who wishes to specialise in the exciting Life science sector and help develop and execute on a UK Retail Regional Underwriting strategy.

Responsibilities

• Develop and support the expansion of the Life Science Practice into the UK Regions and build on new and existing broker relationships across the regional market.
• Focus on top and bottom line underwriting profit and delivery of Everest Retail plans.
• Specific focus on Life science Products Liability, Employers Liability, Public Liability, Property, Terrorism and Cyber.
• Proactively participate in the building and execution of the Everest Regional Retail Plan.
• Actively invest and be able to demonstrate an expansion of underwriting and product knowledge through dedicated training (internal and external) and working with other underwriters on specific accounts.
• Manage a portfolio of new business and eventually Renewals including underwriting & pricing, referral, processing, broker and client relationships, and servicing.
• Monitor all relevant portfolio KPIs for own regional portfolio of accounts and support the Head of Life science across the broader UK portfolio.
• Work with the actuarial team to effectively price individual risks and add influence to our rating process and dedicated rating models.
• Collaborate with Risk Engineering to deliver bespoke added value services.
• Participate in the underwriting peer review process at the weekly and monthly underwriting meetings, as required.
• Monitor and keep abreast of changes in underwriting, regulation and compliance.
• Assist in the improvement of rating models, underwriting manuals, service standards, marketing materials, and website as required.
• Business travel as required to support the above objectives, and appropriate management of T&E expenses.

Experience, Skills & Competencies

• Minimum of 5 years Industry or Underwriting experience as well as good technical knowledge of Regional Retail Life Science business.
• ACII qualified or significant progress towards.
• Relationship building – ability to establish and maintain sound relationships both internally and externally.
• Strategic skills – ability to determine opportunities and threats through comprehensive analysis of current and future trends that may impact our business.
• Judgment / decision making skills – ability to use logic, rationality and objectivity in decision making.
• Risk taking – ability to develop a sound underwriting view to take calculated risks with favourable outcomes.
• Compliance – ability to understand and ensure compliance with all internal and external management and regulatory controls, with appropriate support.
• Market and product knowledge – ability to maintain and develop market knowledge including competitor profiles and products.
• Proven sales track record across the UK regions.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders, and the communities that we serve. We pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviours.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day-to-day interactions with fellow colleagues and the global communities we serve.

Type: Regular
Time Type: Full time
Primary Location: Remote, London