Underwriter

hyperiongrp; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

DUAL, part of Howden, London-based, is expanding its warranty and indemnity insurance underwriting team within the Transactional Risk group. We are seeking a qualified corporate solicitor with post-qualification experience or an insurance professional with W&I underwriting experience to join a global MGA.

The role offers responsibility from day one, underwriting international W&I risks, drafting policies, building market relationships, and mentoring juniors, with opportunities to progress to

Qualifications

• Qualified corporate solicitor with at least 2 years post-qualification 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.

Responsibilities

• Underwrite international W&I risks and review transaction documents (share purchase agreements, disclosure letters, etc.).
• Draft and negotiate W&I policies to ensure appropriate coverage within guidelines.
• Build and maintain relationships with W&I brokers and M&A lawyers to identify and win opportunities.
• Supervise junior team members in preparing non-binding indications for new risks and support their development.
• Support the development of the expanding global Transactional Risk team and encourage cross-selling across TR product lines.

Skills

W&I underwriting experience

Corporate solicitor background

Interpersonal skills

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 backgroundand looking to move into the insurance sector, or with previous W&I underwriting experience

A clear route for progression to a more senior underwriter role for the right individual

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