Senior Professional Liability Underwriter

TN United Kingdom; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a skilled underwriter to manage Professional Indemnity risks. This role involves underwriting both direct and reinsurance risks, focusing on large corporate clients across various professions. The ideal candidate will have strong analytical and technical skills, with the ability to develop relationships and manage a diverse portfolio effectively. Join a dynamic team that values proactive engagement and offers opportunities for international collaboration and growth in the insurance market.

Qualifications

• Experience in underwriting Professional Indemnity for large corporate risks.
• Strong knowledge of market trends and PI wordings.

Responsibilities

• Manage underwriting of direct and reinsurance risks in Professional Indemnity.
• Coordinate with teams in London and Paris for effective case management.

Skills

Underwriting

Analytical Skills

Communication Skills

Portfolio Management

Relationship Development

Job description

Job Description:

The role involves underwriting direct and/or reinsurance risks within the renewal book and new business in the Professional Indemnity segment.

Products underwritten include:

• PI for Construction (Contractors & Engineers) annuals and SPPI
• Lawyers, Accountants, Media, Technology E&O, and Miscellaneous Professions (e.g., Actuaries, Real Estate professionals, Inspection Firms)

The portfolio mainly consists of Excess Business involving both lead and follow positions. Risks are worldwide, excluding USA domiciled.

1. Manage assigned cases within the portfolio effectively.
2. Coordinate with the existing team in London and Paris.
3. Market SCOR's PI capabilities to brokers, clients, and ceding companies within Europe.
4. Identify and support new business opportunities with existing and new contacts.
5. Assist with internal reporting and market intelligence gathering.
6. Support new product initiatives and research within the class.
7. Underwrite following SBS Casualty Guidelines and referral frameworks.
8. Handle administration, compliance, and system requirements for the book.
9. Contribute to a global team environment through networking and knowledge sharing.

Required Experience & Competencies:

Experience:

• Similar level experience in primary, excess, or reinsurance underwriting in Professional Indemnity, focusing on large corporate risks.
• Knowledge of underwriting Media, Engineers, Contractors, Lawyers, Accountants, and other professions.
• Understanding of the London and/or USA insurance markets is preferred.
• Ability to manage a portfolio with client retention evidence.
• Strong knowledge of the PI class, market trends, and wordings.
• Ability to develop relationships in the marketplace.
• Proactive in managing renewals and new business responses.

Personal Competencies:

• Strong technical and analytical underwriting skills.
• Excellent written and oral communication skills.
• Highly organized, self-motivated, and capable of working in a busy team environment.
• Team player with strong interpersonal skills.
• Willingness to travel internationally as needed.