Senior Underwriter, Contingency

Arch Capital; Greater London; On-site; GBP 55,000 - 75,000; Full time

Job summary

Arch Europe Insurance Services Ltd seeks an experienced underwriter to assess and price business risks, coordinating with internal teams to meet goals. The role involves developing products, cultivating producer relationships and providing strong client service across the market.

Candidates should have a university degree with professional certification and 5–8 years of underwriting experience in contingency markets, plus knowledge of ISO rating rules. Office-based position in London area.

Qualifications

• University degree and professional certification preferred.
• Familiarity with ISO rating rules is advantageous.
• 5–8 years in underwriting or related field.

Responsibilities

• Determine desirability of accepting or rejecting business risks.
• Price exposures per rate levels and guidelines.
• Coordinate risk underwriting actions with other departments.
• Develop and market products and identify producer relationships.
• Maintain liaison with producers to obtain underwriting information.
• Interface with customers to provide service and address issues.
• Set ceded reinsurance actions per guidelines.

Skills

Planning and product development

Client relationship management

Technical and analytical skills

Regulatory & compliance awareness

Problem solving, negotiation & decisio

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