Senior Underwriter, Contingency

McNeil & Co.; Greater London; On-site; GBP 65,000 - 90,000; Full time

Job summary

Arch Capital Group Ltd. is seeking an experienced underwriter for the Contingency Market in the U.K. The role focuses on evaluating risks, pricing exposures, and coordinating underwriting actions with internal teams to align with business goals.

Strong knowledge of ISO rating rules and client relationship management are essential. The candidate should have 5–8 years of underwriting experience, a university degree, and professional certifications.

Qualifications

• University degree and professional certification desired with 5-8 years.
• Working knowledge of ISO rating rules.
• Minimum 5–6 years relevant underwriting experience in the Contingency Market.
• Demonstrated competence in maintaining broker/client relationships.

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 and product development

Client relationship management

Technical and analytical skills

Regulatory & compliance awareness

Problem solving

Negotiation

Decision making

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.

14101 Arch Europe Insurance Services Ltd Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.

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.