Underwriter - Casualty Treaty

TN United Kingdom; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a dedicated professional to manage and underwrite Casualty Treaty business in the UK and London Market. This role involves building client relationships, conducting in-depth technical analyses, and collaborating with a dynamic team to drive underwriting activities. The ideal candidate will possess significant experience in a Treaty environment, strong analytical skills, and a solutions-oriented mindset. Join a forward-thinking organization where your contributions will shape the future of reinsurance and client engagement. If you thrive in a fast-paced environment and are eager to make an impact, this opportunity is perfect for you.

Qualifications

• Significant experience in Treaty environment focusing on Casualty.
• Strong negotiation and analytical skills required.
• Higher education or equivalent insurance studies preferred.

Responsibilities

• Manage and underwrite profitable Casualty Treaty business.
• Conduct technical analysis of treaty submissions.
• Engage with clients and manage relationships effectively.

Skills

Treaty Environment Experience

Casualty Treaty LoBs Knowledge

Actuarial Principles Understanding

Negotiation Skills

Analytical Skills

Client Relationship Management

Market Knowledge

Self-Motivation

Organizational Skills

Flexibility and Resilience

Education

Higher Education to University Level

ACII Qualification or Equivalent

Tools

Excel (Advanced)

Word

PowerPoint

Salesforce

Job description

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• Help maintain and underwrite a profitable book of UK and London Market (Lloyd’s & Multinational clients) Casualty Treaty business within a team environment.
• Assume responsibility for own designated accounts and write new treaty business.
• Manage, drive, and build overall relationships with clients within the allocated client segment, and steer the global client management approach for the team under the leadership of the UK Market Manager and the Head of UK, Ireland, Nordics, and Netherlands. Work closely with other P&C Treaty underwriters globally regarding Casualty business opportunities with common clients and/or a London Market element.
• Support the development of the wider SCOR team and franchise through close engagement with colleagues specializing in other LoBs and/or geographies, including participation in ad-hoc project work and wider underwriting support.
• Coordinate and drive underwriting activities related to designated areas and clients.
• Conduct in-depth technical analysis of treaty submissions and wordings within the framework of SCOR Group Guidelines, in close liaison with actuarial and underwriting management units.
• Prepare underwriting decision proposals for submission and approval by the UK Market Manager and/or Head of UK, Ireland, and Nordics, with escalation through to Underwriting Management.
• Stay updated on regulatory requirements and their impact on clients’ balance sheets, proposing alternative reinsurance solutions in collaboration with the relevant SCOR network.
• Review, prepare, and sign wordings and other contractual documents.
• Proactively monitor market developments, modeling changes, trends, and cycles within the designated area, and coordinate these findings internally.
• Participate in producing the Underwriting Plan, proposing objectives, strategies, target clients, and assuming responsibility for its implementation and accuracy within the area of competence.
• Monitor the accounting, accumulations, and claims activity on written treaties and follow up with clients/support teams as necessary.
• Propose measures to improve treaty performance where relevant.
• Actively engage with the wider SCOR Global Casualty community.
• Support the unit in various projects such as data preparation for workshops, presentations, seminars, and event planning.

Marketing

• Represent SCOR at meetings with designated clients alongside the Market Manager and/or colleagues, recording interactions in the Salesforce database.
• Prepare action plans and executive summaries in cooperation with colleagues and the Market Manager.
• Engage with Client Managers to ensure a joined-up, client-centric approach.

Records and Reporting

• Ensure efficient administration of the assigned portfolio and timely, accurate recording in SCOR’s IT systems, with support from the Technical Accounting team.
• Monitor and report on incomes, aggregates, and other exposures as needed.
• Provide ad hoc reports to UK and Group management, such as exposure assessments and quarterly renewal reports.

Experience

• Significant prior experience in a Treaty environment, with a focus on Casualty Treaty LoBs.
• Knowledge of the London market.
• Experience with wordings, pricing methodologies, and actuarial principles.
• Highly numerate and analytical, with a strong understanding of actuarial and pricing concepts.
• Strong negotiation skills and solutions-oriented mindset.
• Team-spirited yet self-motivated, able to work independently.
• Well-organized with good prioritization skills.
• Resilient and flexible, capable of working under pressure.

Strong IT skills are essential:

• Excel - Advanced (Pivot tables, formulas, VLook-up)
• Word
• PowerPoint

Required Education

• Higher Education to university level or similar standard preferred.
• Additional insurance or financial studies, such as ACII qualification or equivalent, are desirable.