Underwriter

Britannia Group; London; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking an experienced Underwriter to join their dynamic team. This role involves managing underwriting duties, evaluating complex risks, and collaborating with Members and brokers to provide exceptional service. The ideal candidate will possess strong financial acumen, excellent communication skills, and a collaborative spirit. With a commitment to diversity and inclusion, this company offers a hybrid working policy and a friendly workplace culture, making it an exciting opportunity for those looking to advance their careers in the insurance sector.

Benefits

Hybrid working policy

Friendly workplace culture

Opportunities to socialise

Wellbeing prioritisation

Qualifications

• Relevant underwriting experience from an international P&I club or marine insurance.
• Experience in rating complex risks and drafting policy amendments.

Responsibilities

• Handle underwriting matters for Members and evaluate P&I and FD&D risks.
• Attend renewal meetings and support negotiations with Members and brokers.
• Collaborate with internal teams on underwriting and financial matters.

Skills

Microsoft Excel

Financial acumen

Collaboration

Communication

Analysis

Client focused

Education

Degree level education or equivalent

P&I qualification or willingness to work towards it

Job description

Join to apply for the Underwriter role at Britannia P&I Club

We are looking for an experienced insurance professional to carry out underwriting duties for the Britannia Group. This role will work closely with our Members and brokers on all underwriting matters and involve marketing to Brokers and potential new Members.

Key Responsibilities

1. Handling of assigned underwriting matters for Members by geographical area.
2. Evaluation of ratings of P&I and FD&D risks for both owned and chartered existing entries or new business.
3. Attend renewal meetings and support all negotiations.
4. Working with the Club’s Underwriting Processing team to produce and issue clear renewal documentation.
5. Provide quotations to existing Members and potential Members.
6. Evaluate the balance in the rating between Members (consistent with the perceived risks and actual claims experience).
7. Achieve target general increases across the Membership.
8. Arrange additional insurances and reinsurances on behalf of the Membership.
9. Working with the Club’s Underwriting processing team to facilitate the production of trading certificates (Blue Cards, ITOPF, SIGCo documents etc).
10. Develop and maintain working relationships between Britannia and its Members (and their Brokers).
11. Collaborate with internal teams (claims, risk, finance and actuarial) on related matters.

The responsibilities listed are not exhaustive and may be subject to change.

About You

Knowledge/Experience

1. Relevant underwriting experience (with previous authority to underwrite) gained from an international P&I club / mutual or in marine insurance.
2. Demonstrable experience of rating complex risks and drafting policy amendments.

Qualifications/Education

1. Educated to degree level or equivalent.
2. P&IQ or willingness to work towards qualification in the future.

Skills

1. Microsoft Excel at intermediate level.
2. Financial acumen – the ability to understand fiscal decisions and practices, adhering to the TRC’s framework for sound financial planning, management, control and reporting.
3. Collaboration – the ability to interact professionally and work openly with members, colleagues and third parties.
4. Communication - the ability to communicate and interact well with stakeholders, colleagues and members both verbally and in writing.
5. Analysis – the ability to collect, organise and analyse data to draw conclusions.
6. Client focused – the ability to recognise the needs of external/internal stakeholders and provide a high level of service.

About Us

Tindall Riley manages three insurance businesses. The Britannia Group (Britannia P&I), a mutual club that provides protection and indemnity (‘P&I’) insurance and freight, demurrage and defence (‘FD&D’) cover to shipowners and charterers around the world. The Griffin Insurance Association Limited (Griffin), an insurance mutual that provides professional indemnity insurance to broking firms and MGAs around the world. The Wren Insurance Association Limited (Wren), an insurance mutual that provides professional indemnity insurance to architectural practices operating in the UK and overseas. Today, we employ over 300 people globally across 9 offices and have a shared commitment to providing exceptional insurance services for our Members worldwide.

We can offer you a competitive salary and a varied benefits package. We have a hybrid working policy, three days from the office (Tuesday and Thursday are core days) and two days remotely. We are proud of our friendly workplace culture, where we offer ample opportunities to socialise and prioritise wellbeing.

We are committed to the equal treatment of all current and prospective employees. We aspire to have a diverse and inclusive workplace and strongly encourage suitably qualified applicants from a wide range of backgrounds to apply and join Tindall Riley.