Underwriter - Delegated Authorities Transportation

Canopius Group; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Hybrid working

Competitive base salary

Non-contributory pension

Discretionary bonus

Health insurance

Dental cover

Job summary

Canopius Group is seeking an experienced underwriter to lead delegated North American business focused on US and Canadian Transportation, including Auto Physical Damage and liability lines. You will work closely with the Head of Delegated Authorities to meet premium, profitability, and capital targets.

Join a team that brokers relationships with brokers and clients, underwrites renewals, and develops new opportunities across North America while ensuring FCA-compliant records and collaborative

Qualifications

• Significant experience in the North American delegated authority market, esp. US/Canada transportation.
• Experience with portfolio binder underwriting and underlying per risk underwriting.
• Strong communication and leadership skills; mentor potential.

Responsibilities

• Underwrite delegated business per Syndicate Business Plan within authority.
• Develop relationships with brokers/clients to position Canopius in NA binder market.
• Underwrite renewals and identify new opportunities with DANA team.
• Collaborate with underwriting/support units to optimize internal resources.
• Ensure compliance with internal policies and FCA guidelines and maintain accurate records.

Skills

NA delegated authority

US & Canada transportation

Auto physical damage

Motor truck cargo

Non-trucking liability

Truckers general liability

Primary auto liability

Excel

Tools

Power BI

Job description

Job Description

The Role

The Delegated Authorities - North America (DANA) team writes of book of USD175m+ GPI across multiple lines of business including Commercial Property, Homeowners Property, Commercial Automobile Physical Damage, Commercial Automobile Liability and Commercial General Liability. We write this business throughout North America as well as in Canada and the US Virgin Islands.

We are looking for a experienced class underwriter with a focus on US & Canadian Transportation to work closely with the Head of Delegated Authorities to meet the requirements of the business plans and the strategic targets for premium income, profitability and return on capital as set out by the Board.

Key Responsibilities

• To underwrite delegated business in accordance with the Syndicate Business Plan for the division and within the terms of the underwriting authority given.
• Develop and maintain good working relationships with brokers and clients to establish Canopius as a preferred market for North American binder business.
• Working alongside others in the DANA team to underwrite and oversee the renewal of our existing business as well as identify and develop new business opportunities.
• Work collaboratively with other underwriting and support units within Canopius to maximize efficient use of internal company resource to support business activities.
• To ensure that all business written complies with Canopius internal policies, procedures and controls and that these are understood and adhered to by the team.
• To ensure that business is only accepted through intermediaries and coverholders approved by Canopius in accordance with internal procedures
• To ensure that complete and accurate underwriting records are maintained.
• To promote a culture where client’s needs are placed at the heart of underwriting decision-making and business is conducted in a manner that meets Canopius internal standards and FCA guidelines.
• To actively assistthe development of junior members of the team.
• To ensure that the workplace environment is fair, equitable, collaborative, supportive, respectful and one which encourages and increases the participation and contribution of all employees, irrespective of difference.
• To provide reports and management information to the Head of Delegated Authorities, as required.

Skills And Experience

• Significant experience in the North American delegated authority market particularly in relation to U.S. & Canadian Transportation business including Auto Physical Damage, Motor Truck Cargo, Non-Trucking Liability, Truckers General Liability and Primary Commercial Auto Liability.
• Experience of both portfolio binder underwriting/management as well as underlying per risk underwriting e.g. Risks under lineslips or special acceptance referrals.
• Good communication skills
• Previous management experience preferable
• Organised, methodical quick thinker.
• Demonstrable problem solving abilities
• Ability to work to deadlines and manage workload priorities effectively
• Desire to expand knowledge within the industry via professional exams
• Data mining, statistical modelling and data visualisation
• Experience with Power BI is preferable but not essential.
• High level understanding of Excel, should be proficient in creating complex formulae
• Highly numerate and logical – strong mathematical/statistical knowledge is advantageous
• Ability to interpret large volumes of data and present in a clear and concise manner
• Ability to articulate findings in writing and/or in person both internally and externally
• Interpret written guidelines for Underwriting rules and apply to real life scenarios

ABOUT US

We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.

About Canopius

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.

At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.

Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.

We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.

We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.