Underwriter - Hull & War

Lloyd's; Liverpool; On-site; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Private Medical Insurance

Job summary

Travelers Europe is seeking an experienced Underwriter to join our Hull & War team in the UK. You will build broker relationships, manage new business and renewals across a broad marine portfolio, while working within Lloyds policies and underwriting authority.

This role supports hybrid working: three days in the office, two at home, with pro rata for part-time. London Market experience is essential; underwriting or brokering background preferred.

Qualifications

• Previous London Market insurance experience in either underwriting or broker capacity.
• Secondary level education or equivalent.

Responsibilities

• Contribute to profitability, growth and retention of the Line of Business and underwriting initiatives.
• Ensure business is written in accordance with policies, procedures and Lloyds standards.
• Develop assigned Line of Business and services, researching target business and factors affecting the market.
• Enter quotes, risks and endorsements in systems for accurate reporting.
• Monitor market factors and industry/economic trends for new opportunities.
• Build partnerships with Agents, Brokers and Customers and guide on underwriting philosophy.

Skills

Lloyds market experience

Hull & War underwriting

Relationship management

Analytical thinking

Product knowledge

Business acumen

Education

Secondary level education or equivalent

Job description

Job Description

Who Are We? Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Target Openings 1

What Is the Opportunity? We've got a great opportunity for an Underwriter to join our Hull & War team. If youre a broker looking to get into underwriting or an experienced Hull underwriter ready for your next challenge, this role will offer you the opportunity to work on a broad and diverse portfolio, as part of a growing Marine account. You'll be responsible for building and developing broker relationships in the Lloyds market, taking ownership of new business and renewals across the entire portfolio. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company's discretion.

What Will You Do?

Contribute to the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives. Ensure that business is written in accordance with the Companys policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with: individual underwriting authority and, where relevant, with approval under the Lloyds Individual Registration Byelaw and the Units business plan for the relevant year. Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business. Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting. May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards. Monitor market factors and world affairs as part of research and development of new opportunities. Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Companys underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers. Provide guidance, mentoring and coaching to others as appropriate. Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Experience within the Lloyds market with a basic understanding of the internal and external factors which impact the market. Hull and War Underwriting experience. Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority. Able to make sound quoting and pricing decisions that are in the Companys best interests. Intermediate knowledge and ability in respect of judgment, decision making, communication and strong team work… … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … … ……
• Demonstrates Intermediate knowledge and experience in respect of Relationship Management: Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
• Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen: Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making. Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
• Demonstrates Intermediate knowledge and experience in respect of Product/Technical: Demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.
• Demonstrates Intermediate knowledge and experience in respect of Business Perspective: Uses knowledge of internal and external factors that impact the Lloyds Market to make decisions.

What is a Must Have?

Previous London Market insurance experience in either an underwriting or broker capacity. Secondary level education or equivalent.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll ded