Senior Underwriter, Contingency

Arch Insurance; Greater London; On-site; GBP 70,000 - 95,000; Full time

Job summary

Arch Europe Insurance Services Ltd in London is seeking an experienced underwriter to assess risk, price exposures and make go/no-go decisions on complex mid-market business. You will lead product development, manage producer relationships, coordinate with internal teams, and ensure compliance with ISO rules while delivering superior client service.

Join a collaborative team that values innovation and client-focused solutions, with opportunities for growth within Arch Europe Insurance Services

Qualifications

• University degree and professional certification is desired.
• 5–8 years of experience recommended.
• ISO rating knowledge is desirable.

Responsibilities

• Determines desirability of accepting or rejecting business risks and prices exposures per guidelines.
• Identifies need for additional risk assessment info including inspections and financial statements.
• Coordinates risk underwriting actions with other departments to ensure customer satisfaction while meeting goals.
• Performs product development and marketing activities, identifies producers, and analyzes market opportunities.
• Maintains liaison with producers to obtain underwriting information, explain requirements and present terms.
• Regularly interfaces with customers to provide service and keep abreast of issues.
• Sets ceded reinsurance actions in accordance with Arch Insurance and guidelines.

Skills

Planning & development

Client relationship mgmt

Technical and analytical skills

Regulatory compliance awareness

Problem solving & negotiation

Education

University degree and professional certification

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility.

Key Responsibilities

• Determines the desirability of accepting or rejecting business risks. Prices exposures in accordance with filed and approved rate levels, discretionary pricing mechanisms, and business unit guidelines.
• Identifies the need, recommends and evaluates additional risk assessment information including inspection, financial reports and statements.
• Coordinates individual risk underwriting actions with other departments to assure the highest level of customer satisfaction while meeting production and business goals.
• Performs product development and marketing activities including identifying producer relationships within assigned market to optimize best solutions for distribution, identifies and suggests new and modified products, identifies producers for business/marketing programs, and analyzes producers and market opportunities.
• Maintains ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyze and interpret coverage, explain underwriting requirements and expectations, and present terms.
• Regularly interfaces with customers to provide service and to keep abreast of customer issues.
• Sets ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.

Role Requirements

Skills / Competencies

• Planning and product development
• Client relationship management
• Technical and analytical skills
• Regulatory & compliance awareness
• Problem solving, negotiation & decision making

Qualifications

• University degree and professional certification desired with 5-8 years
• Working knowledge and understanding of ISO rating and rules.

Experience

• Minimum 5-6 years relevant experience in an underwriting position in the Contingency Market.
• Demonstrated competence in maintaining broker/client relationships.

14101 Arch Europe Insurance Services Ltd