Underwriter (Delegated Underwriting Authority Terror)

Lancashire Insurance Group; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

Join a forward-thinking insurance firm as an Underwriter specializing in Terrorism. This role involves managing a diverse portfolio, building strong broker relationships, and conducting thorough risk analyses. You will play a crucial part in ensuring the integrity of underwriting decisions while collaborating with a dedicated team. The company values honesty, collaboration, and a strong work ethic, creating a dynamic work environment where your contributions truly matter. If you're ready to take on a challenging yet rewarding role in the insurance sector, this opportunity is for you.

Qualifications

• Degree and insurance qualifications preferred.
• Proficient in Microsoft Office, especially Excel and Word.

Responsibilities

• Manage the Terrorism DUA portfolio and broker relationships.
• Conduct risk analysis and underwriting documentation.

Skills

Attention to Detail

Time Management

Verbal Communication

Written Communication

Self-discipline

Teamwork

Microsoft Excel

Microsoft Word

Education

Degree

Cert CII / DIP CII or ACII

Tools

Microsoft Office

Job description

Underwriter (Delegated Underwriting Authority Terror)

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Underwriter (Delegated Underwriting Authority Terror)

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Purpose

The primary purpose of the role is to provide underwriting duties for Lancashire UK for Lancashire's Terrorism line of business – with a particular focus on the UK Delegated Authority Portfolio.

Department: Underwriting

Location: London

Description

Purpose

The primary purpose of the role is to provide underwriting duties for Lancashire UK for Lancashire's Terrorism line of business – with a particular focus on the UK Delegated Authority Portfolio.

Specific Responsibilities

• Manage the Terrorism DUA portfolio, including slips, wordings, aggregates and referrals.


• Be responsible for managing, building and developing broker relationships for your line of business.


• Attend client presentations and meetings.


• Be able to underwrite risks for your line of business within your underwriting authority and subsequently report decisions where required.


• Receive submissions from brokers, undertake full risk analysis, complete pre-underwriting documentation and processes.


• Have fully competent knowledge of wording and technical understanding and market environments.


• Check and approve systems records and sign off


• Monitor and follow up on payments for outstanding premiums and bordereaux.


• Agree endorsements within your underwriting authority.


• Ensure risks offered and bound are within tolerances or that exceptions are approved.


• Finalise documentation and contracts/slips with brokers.


• Assist with ad hoc projects and research work as required.

Essential Skills & Requirements

• Good level of formal education – Degree and Cert CII / DIP CII or ACII desirable


• Proficient with Microsoft Office applications, particularly Excel and Word (intermediate)


• Excellent attention to detail, self-discipline and time management


• Good verbal and written communication skills


• Strong work ethic


• Self-starter with the ability to liaise with individuals at all levels


• Team player


• Ability to work flexibly to meet business needs including extended hours if required

The Lancashire Way

At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.

Straight-talking
We feel empowered to share thoughts and ideas, because everyone's voice matters.

Collaborative
We work together towards common goals, share knowledge and support each other.

Hard-working
We all have a stake in the company's success and are proactive in contributing to our goals and vision.

Responsible
We focus on achieving tangible results with consistent standards across the Group.

Positive
We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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