Underwriter

DCR; City Of London; On-site; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Competitive rewards & benefits

Voice in the workplace

Job summary

DUAL in London seeks an underwriter to join its expanding warranty and indemnity insurance team. The role suits a corporate solicitor with strong W&I experience or an insurance professional moving into W&I underwriting, working alongside senior underwriters on international risks.

You will draft and negotiate W&I policies, review deal documents, and build relationships with brokers and M&A lawyers while mentoring junior teammates and supporting cross-border TR activities.

Qualifications

• Qualified corporate solicitor with at least 2 years post-qualification experience or insurance professionals with W&I underwriting experience.
• Experience in drafting, managing and/or underwriting due diligence reports for M&A transactions.
• Experience with W&I insurance.
• Detail oriented and proactive team player.
• Strong interpersonal skills and ability to build relationships with W&I broker partners.

Responsibilities

• Underwrite international W&I risks with senior underwriters.
• Review transaction documents (share purchase agreements, disclosures, etc.).
• Draft and negotiate W&I policies within underwriting appetite.
• Build relationships with W&I brokers and M&A lawyers to win opportunities.
• Supervise junior team members on non-binding indications and support their development.

Skills

W&I underwriting

Client relationships

Due diligence

Policy drafting

Education

Qualified corporate solicitor (PQE 2+ years)

Job description

About DUAL

Working across 21 countries, DUAL has built a reputation as a specialist underwriting group and the market of choice for insurance intermediaries around the world.

That’s how we have become one of the world’s largest international underwriting agencies (or MGAs) with US$3.4bn GWP.

DUAL is part of Howden, a leading global insurance group with employee ownership at its heart. Founded in 1994, it provides insurance, reinsurance and underwriting services to clients ranging from private individuals to the largest multinational companies.

The Group operates in 57 countries, employs over 24,000 people and manages premiums totalling US$50bn on behalf of its clients.

• A fantastic opportunity to join an expanding warranty & indemnity insurance underwriting team
• Full-time, based in London
• Suitable for candidates with a corporate legal background and looking to move into the insurance sector, or with previous W&I underwriting experience

Role overview

We are looking for an Underwriter to join an expanding warranty and indemnity insurance (W&I) underwriting team. The W&I team is part of a new global Transactional Risk (TR) team at an established and specialist global managing general agent (MGA). This role would suit a collaborative and commercially minded corporate solicitor looking to join the insurance market as well as those with current W&I experience.

Role responsibilities

The successful candidate will be given both a great deal of responsibility in managing their own underwrites and exposure to clients, brokers and solicitor partners from day one. In particular, their responsibilities will include: Working alongside senior underwriters to underwrite international W&I risks (including the review and analysis of transaction documents (share purchase agreements, disclosure letters etc) and due diligence reports). Drafting and negotiating W&I policies to ensure the policy and coverage position is appropriate and within the team’s underwriting appetite and guidelines. Building and maintaining positive relationships within the market, in particular with W&I brokers and M&A lawyers, with the view to identifying and winning new opportunities. Supervising junior members of the W&I team in both preparing non-binding indications for new risks and supporting them more generally in their own development. Support the development of the expanding global TR team and encourage cross selling and knowledge sharing across all TR product lines.

Key requirements

• Qualified corporate solicitor with at least 2 years post-qualification experience or insurance professionals with existing W&I underwriting experience.
• Experience in drafting, managing and / or underwriting due diligence reports for M&A transactions.
• Experience of working with W&I insurance.
• Detail orientated and proactive team player.
• Strong interpersonal skills and an ability and desire to build and develop relationships with our key W&I broker partners.

What do we offer in return?

A career that you define. Of course, we offer a competitive range of rewards and benefits to support you, but we know you expect all that. What you might not expect is a job where everyone has a voice, where volunteering in the community is part of the day job, and where everyone is encouraged to play a part towards our sustainability goals. We want people who want to make a difference - not just in the workplace, but in the industry and in the wider community.

Our culture:

people first

Our core values dictate how we live and work. We’re a group with independence and people at its heart – and a home for talent with a unique culture: the biggest small company in the world. Being a people-first business has always been central to who we are. Our vision was to create an independent organisation with a distinctive culture that would survive and thrive through the people who shape it. Finding the most talented and entrepreneurial individuals to join the group has been, and will continue to be, key to our success.

Diversity and inclusion

At DUAL, our people are our greatest strength. We are committed to building an open and inclusive culture where everyone feels trusted and that they belong. We work to ensure all candidates, employees, clients and business partners are treated with fairness and respect. We want every candidate to be able to bring their best to the recruitment process, so if you require reasonable accommodation at any stage, please let us know and we will work with you to provide appropriate support.

Permanent Howden began in 1994, as just three people and a dog. Now there are 23,000 of us, and we're a leading global insurance group, managing $37bn of premiums for our clients. Our largest shareholder group is us – the people who work in the business – supported by three long-term, minority growth-equity partners who share our vision to build a business to last, one that will never be sold. The owner's mindset is something that's embedded in our culture; our people readily take ownership of their decisions, their actions, and their outputs. They’re invested in every sense. And we all know that by working together to drive the business forward, everyone will benefit from the extraordinary results we can achieve.