Underwriter: Marine Hull

Liberty Specialty Markets; London; On-site; GBP 40,000 - 70,000; Full time

Job summary

A leading global insurer based in London is seeking an Underwriter to join its Marine Hull team. In this role, you will manage client relationships, underwrite insurance risks, and support the development of the annual business plan. The ideal candidate will have a strong understanding of market conditions and possess analytical and risk assessment skills. Competitive benefits and a supportive work environment are offered.

Benefits

Career development opportunities

Inclusive work environment

Work-life balance support

Qualifications

• Proven experience in Marine Hull underwriting.
• Ability to establish and maintain professional relationships.
• Proficient in data analysis and risk assessment.

Responsibilities

• Support annual business plan for the Underwriting division.
• Underwrite insurance risks in accordance with business objectives.
• Contribute and participate in meetings for strategy development.

Skills

Extensive knowledge of market conditions to Marine Hull and War

Underwriting experience and renewal business authority

Knowledge of legal and regulatory requirements

Analytical mindset

Use of risk profiling and pricing tools and loss models

Established customer/broker relationships

Skills in wordings and legal/appetite/exposure implications

Excel & data analysis skills

Job description

Role Title: Underwriter

Department: Marine Hull

Division: Marine

Location: London

Type: Permanent

About the Role

This is an opportunity to join the well-established and experienced Marine Hull and War team within Liberty Specialty Markets. The Hull & War team forms part of the wider Marine division at Liberty Specialty Markets. The candidate will look to maintain relationships with brokers, clients and business partners in order to manage a renewal portfolio and help develop new business opportunities.

This is an opportunity to develop and enhance technical underwriting skills with the help of the Marine team and the internal Learning and Development department.

About the Department & Team

Marine Hull and War team represents two of the seven underwriting portfolios that sits within our Marine division. We provide Marine Hull insurance for a wide range of vessels and carriers on a global basis, from the largest, most sophisticated cruise vessels through to bulk carriers, tankers, gas carriers, reefer vessels, harbour and offshore support vessels. Our team has a strong presence in the London market, operating both on the Lloyds and Company platform. The team work closely with their partners to tailor their products to the changing market conditions.

Key Responsibilities

• Support the development of the annual business plan for the Underwriting division and ensure delivery of the plan in accordance with stated risk tolerances.
• Contribute and participate in all meetings in order to share and develop strategy, knowledge and best practice.
• Establish and strengthen relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives.
• Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance.
• Continually develop expertise and technical knowledge through appropriate development initiatives.
• Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including negotiating rates, terms and conditions for existing and new business.
• Ensure entries are properly recorded onto relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures.
• Contribute new ideas and concepts to support the development and delivery of the business plan.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times.
• In virtue of your role’s prescribed legal entity responsibilities, you will be required to undertake your role with due regard to the prescribed responsibilities and regulatory requirements associated with that role – which may require undertaking appropriate learning & development.

Skills and Experience

• Extensive knowledge of market conditions to Marine Hull and War.
• Underwriting experience and renewal business authority.
• Knowledge of legal and regulatory requirements.
• Analytical mindset.
• Use of risk profiling and pricing tools and loss models.
• Established customer/broker relationships.
• Skills in wordings and legal/appetite/exposure implications.
• Excel & data analysis skills.

About Liberty Specialty Markets (LSM)

Liberty Specialty is part Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
• A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion