Underwriter, Crisis Management

IQUW; Greater London; On-site; GBP 60,000 - 80,000; Full time

Benefits offered by this job

First class training and development opportunities

Job summary

IQUW is looking for an Underwriter for their Crisis Management team in Greater London. The focus will be on underwriting Product Recall solutions for various manufacturers globally, primarily in the USA.

You must demonstrate strong underwriting skills and relationship management abilities to handle senior brokers/clients, with an ownership mindset towards profitable business development.

The role offers excellent training and development opportunities in a supportive and diverse environment.

Qualifications

• Proven track record in underwriting or broking.
• Excellent reputation in the Product Recall market.
• Communication skills at all levels of seniority.

Responsibilities

• Underwrite the Product Recall section of the portfolio.
• Work closely with the Lead Underwriter.
• Drive underwriting excellence across the book.
• Provide knowledgeable service to brokers/clients.
• Cultivate business development initiatives.
• Own the development of the underwriting appetite.

Skills

Profitable underwriting or broking performance

Excellent communication skills

Business development ability

Risk management

Building broker/client relationships

Tools

Online trading portals

Job description

Overview

About us

Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

Role Purpose

Our Crisis Management team offer product recall solutions for a broad spectrum of product manufacturers including product contamination, auto and component recall liability, consumer goods recall, and others. Business is written on a global basis with primary focus on the USA.

The key to success within this role will be a highly detailed and analytical underwriting approach, impactful relationship management and unparalleled sales skills. This is in addition to excellent organisational skills and the ability to think ahead and use initiative. You will need to thrive in a business development role and be able to demonstrate a skill for working with senior brokers/clients. You will need to take ownership of relationships and be confident these lead to profitable business.

Key Responsibilities

• Primarily underwrite the Product Recall section of the Crisis Management portfolio.
• Work closely with the Lead Underwriter to deliver the underwriting strategy for your class of business.
• Drive underwriting excellence across the Crisis Management book by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating, and pricing adequacy.
• Ensure high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
• Provide a compelling and knowledgeable service offering to brokers and clients, making Starr a go‑to Market for Crisis Management business. Lead and develop close relationships with our partner brokers.
• Cultivate business development initiatives to grow the portfolio profitably, where desired.
• Own the development of our underwriting appetite, constantly analysing the portfolio and modifying appetite accordingly.

Qualifications, Skills And Experience

• A proven track record of profitable underwriting or broking performance.
• An excellent Market reputation in the Product Recall market. Meaningful Broker and Client relationships and the ability to develop business from a variety of sources.
• Excellent communication skills, and the ability to deal comfortably with different types of people at all levels of seniority.
• Demonstrable experience of managing risks appropriately, applying judgement and being prepared to own and take responsibility for your decisions.
• Experience in the use (and ideally the development) of online trading portals and/or other automated placement systems.

Core behavioural competencies

• Analysis and decision making
• Innovation and problem solving
• Strategic perspective
• Commerciality
• Communication and influence
• Resilience and adaptability

Additional Information

A full job description can be seen here.

Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.