Underwriter, Marine

BERKSHIRE HATHAWAY SPEC INS; Greater London; On-site; GBP 55,000 - 75,000; Full time

Job summary

Berkshire Hathaway Specialty Insurance (BHSI) in London is seeking an Underwriter to join the Marine team. You will support the underwriting process through pre-quote, pre-bind, bind and post bind activities, and assist with information gathering, rating, renewals and midterm changes.

Extensive on-the-job training will be provided by Senior Underwriters to develop knowledge of the London Marine and Cargo market, with clear career progression opportunities ahead for the right candidate.

Qualifications

• 2–5 years of insurance market experience (broker or insurer).
• Self-motivated, proactive and uses own initiative.
• Team player in a collaborative environment.
• Excellent written and verbal communication skills.
• Progress with CII exams or willingness to obtain qualification.

Responsibilities

• Triage and review broker submissions.
• Prepare underwriting narratives, pricing tools and policy documentation.
• Draft new business and renewal quotations and review with Senior Underwriters.
• Attend broker and customer meetings as required.
• Correspond with brokers and follow up on outstanding information.
• Support underwriting with account development and team projects.

Skills

Marine/Cargo

Underwriting

MS Office

Education

A level or equivalent

Tools

MS Office

Job description

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized. Want to be part of the team building the finest property, casualty and specialty lines insurance company in the world?

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for an Underwriter to join our Marine team in London. The successful candidate will work closely with the Senior Underwriters in the team and will perform tasks to directly support the underwriting process including pre-quote, pre-bind, bind and post bind transactions. The Underwriter will also perform additional underwriting support activities associated with information gathering and rating for new business, renewals and midterm changes. Extensive ‘in-place’ training will be given by the Senior Underwriters, which will provide the candidate with strong knowledge of the London Marine and Cargo insurance market, enabling them to grow and develop in this exciting line of business. For the reliable, motivated and enthusiastic candidate, there would be a clear path of career progression available.

Duties & Responsibilities:

• Triage and review broker submissions
• Prepare underwriting narratives, pricing tools and policy documentation
• Draft new business and renewal quotations and review with the Senior Underwriters
• Attend broker and customer meetings as required
• Correspond with brokers, join account negotiations, and follow up on outstanding information
• Support the Senior Underwriters with all activities related to account development and underwriting
• Assist with team project work including rater development, new system integration, broker engagement, customer pipelining
• Maintain electronic files and ensure file integrity

Qualifications, Skills and Experience:

• At least 2 to 5 years of insurance market experience within either a broker or insurer (experience in the Marine / Cargo line of business preferred but not essential)
• Self-motivated, proactive and uses own initiative
• Ability to work as a part of a team in a highly collaborative environment
• Excellent written and verbal communication skills
• Proven competency in MS Office applications
• Strong electronic data and electronic file management skills
• Exceptional organizational skills and attention to detail
• Strong willingness to learn
• Customer focused. Able to build and maintain relationships with our customers and business partners, and with internal colleagues
• Minimum of A level or equivalent educated with strong grades
• Progress with CII exams and/or willingness to obtain qualification
• A demonstrated interest in a career in insurance would be highly regarded

BHSI Offers:

• A competitive package and exciting growth opportunities for career-oriented teammates
• A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates and our other stakeholders
• A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization