Senior Underwriter - Hull

SLL Travelers Management, LTD; London; Hybrid; GBP 55,000 - 80,000; Full time

Job summary

A leading insurance company is seeking a Senior Underwriter for their Hull team in London. This role is responsible for underwriting new business, renewals, and midterm adjustments, with a strong focus on profitability and market analysis. Ideal candidates will have extensive experience in the insurance field, particularly within Lloyd's, and a commitment to providing excellent customer experiences. The successful applicant will enjoy hybrid working opportunities and a range of employee benefits.

Benefits

Private Medical Insurance

9% employer contribution to retirement

Starting at 25 days holiday entitlement

Wellness Programme

Opportunities for volunteering

Qualifications

• Extensive underwriting experience in Lloyd's and/or company market is a must.
• Thorough knowledge of industry operations, business issues, and financial drivers is essential.
• Deep understanding of the local insurance marketplace is critical.

Responsibilities

• Manage underwriting of a particular Line of Business and support profitability and growth.
• Monitor line of business results and recommend corrective actions as necessary.
• Research market factors to develop new opportunities.

Skills

Knowledge of Business Perspective

Analytical Thinking

Financial Acumen

Education

Degree education preferred

ACII qualification preferred

Job description

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Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Underwriting

Target Openings

1

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Underwriting

Target Openings

1

What Is the Opportunity?

We are looking for a Senior Underwriter to join our Hull team in London. Using your previous experience in a similar role, you will support the unit leader in managing the profitability of the book by underwriting and processing new business, renewals, and midterm adjustments. You will monitor rate adequacy of all business written or handled and ensure that business strategy is executed, reviewed, and performance/results are monitored, reviewed, and reported upon as required.

Travelers Europe offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy, which involves working three days in the office and two days at home (or pro-rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

Be committed, connected, creative, and energized—these are the values we are passionate about. Embracing these values will shape your success and contribute to making Travelers Europe a great place to work.

• Manage the underwriting of a particular Line of Business. Support the overall profitability, growth, and retention of the Line of Business, ensuring consistency of all related underwriting initiatives.
• Ensure that the business is written in accordance with the company's policies, procedures, and controls, including audit requirements, and adheres to Lloyds Underwriting Management Standards.
• Support the development of the assigned Line of Business by researching and identifying target business, competitor information, industry, and economic factors.
• Utilize appropriate systems to accurately enter quotes, risks, and endorsements to ensure correct management, statistical, and regulatory reporting.
• Prepare analysis and gather data to support the execution of corporate/business underwriting policies/standards.
• Work closely with other business functions to optimize resource use.
• Monitor Line of Business results such as profitability analysis, loss trends, and productivity, and recommend corrective actions as necessary.
• Research market factors and global affairs to develop new opportunities.
• Promote Travelers' Line of Business, distribution strategy, and philosophy, building strong partnerships with agents, brokers, and customers.
• Provide guidance, mentoring, and coaching as appropriate.
• Perform other duties as assigned.

To succeed, you will need to deliver excellent customer experiences, collaborate effectively, be a role model, and meet your commitments.

What Will Our Ideal Candidate Have?

• Degree education preferred.
• Thorough knowledge of industry operations, business issues, and financial drivers affecting the Line of Business.
• Deep understanding of the local insurance marketplace and ability to leverage that knowledge.
• Recognized as a knowledge resource; mentors less experienced employees.
• Knowledge of Business Perspective, Analytical Thinking, and Financial Acumen.
• Ability to make sound quoting and pricing decisions.
• ACII qualification preferred.

What is a Must Have?

• Extensive underwriting experience in Lloyd's and/or company market.

What Is in It for You?

• Private Medical Insurance: Single cover provided on employment start, with options for dependents at your expense.
• Retirement: 9% employer contribution to GPPP, with potential for up to 12% total with additional employee contributions.
• Holiday Entitlement: Starting at 25 days, with options to purchase additional days up to 35.
• Wellness Programme: Resources and counseling services to support your wellness goals.
• Volunteer Encouragement: Opportunities to give back through matching gifts and volunteer rewards programs.

Employment Practices

Travelers is an equal opportunity employer. We value diversity and the unique talents each individual brings. For questions about physical requirements, contact us for assistance. We reserve the right to fill the position at a different level. For more about our benefits, please visit our website.