Senior Underwriter, Contingency

Arch Insurance (UK) Limited; Greater London; On-site; GBP 70,000 - 105,000; Full time

Job summary

Arch Europe Insurance Services Ltd is seeking an experienced Underwriter to assess and price risks across contingency markets in the London area. The role focuses on maintaining broker/client relationships, applying ISO rules, and delivering competitive terms.

The ideal candidate has 5–8 years in underwriting, a university degree with professional certification, and strong analytical, negotiation, and regulatory awareness to drive profitable growth.

Qualifications

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

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 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.

Skills

Planning & Development

Client Relations

Technical & Analytical

Regulatory Compliance

Problem Solving & Negotiation

Education

University degree & 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