Underwriter - Marine Liability

AXA UK; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance company is looking for an Underwriter to join their Marine Liability Team in London. This role involves analyzing risks, preparing quotes, and developing strong relationships with brokers. Ideal candidates will possess knowledge of underwriting principles, strong analytical skills, and effective communication abilities.

Qualifications

• Strong technical expertise developed through experience in underwriting.
• Ability to work independently and make sound judgments.
• Current knowledge of regulatory issues and industry trends is advantageous.

Responsibilities

• Underwrites risks in the Marine Liability portfolio, both renewals and new business.
• Analyzes risk quality and profitability; prepares reports for management.
• Maintains positive relationships with Brokers while making underwriting decisions.

Skills

Knowledge of underwriting principles

Negotiation skills

Analytical skills

Strong interpersonal skills

Problem-solving skills

Tools

Microsoft Office

Job description

We are looking for an Underwriter to work within our Marine Liability Team based in London.

Position Summary

Under broad supervision, responsible for underwriting risks in the Marine Liability portfolio, including P&I and Ports & Terminals. Works within authority to underwrite renewals and new business.

Key Responsibilities

• Reviews applications and financial requirements for risks requiring technical underwriting skills.
• Determines acceptability of risk according to company guidelines and standards.
• Recommends appropriate pricing and coverage modifications or enhancements after analysis of documentation, business factors, and market conditions.
• Prepares quotations and responds to inquiries from Brokers and internal/external contacts, escalating issues as necessary.
• Prepares written communications for underwriting decisions, rate appeals, and declinations; verbally notifying Brokers when appropriate.
• Analyzes risk quality, quantity, and profitability; prepares reports for management review.
• Assists in marketing products and services, including field visits.
• Utilizes underwriting policies, rating manuals, and relevant laws and regulations.
• Develops and maintains positive Broker relationships.
• Maintains current knowledge on regulatory issues and industry trends.
• Works with senior underwriters or management on risks exceeding authority or requiring special handling.
• Develops proficiency in CNA systems and updates underwriting systems.
• Performs additional duties as assigned.

Skills, Knowledge & Abilities

• Knowledge of underwriting principles and insurance industry practices.
• Develops technical expertise and negotiation skills.
• Strong interpersonal and communication skills.
• Ability to work independently and exercise sound judgment.
• Strong analytical and problem-solving skills.
• Proficient in Microsoft Office and other business software.

Company Description

Company Overview

CNA Hardy is a leading provider of specialist commercial insurance for the Lloyd’s and company markets. Part of CNA Financial Corp, the 8th largest U.S. commercial property and casualty insurer, established in 1897, with approximately 7,000 employees across the U.S., Canada, and Europe. We offer a wide range of innovative insurance solutions.

Why Choose CNA Hardy?

• Our people: We prioritize being a great place to work, attracting and developing top talent.
• Our product offering: We develop innovative, specialised solutions supported by superior claim and risk management services.
• Our relationships: We focus on building enduring partnerships with customers and producers.
• Our track record: Our financial strength is reflected in high ratings from AM Best and Standard & Poor’s.

Treating Customers Fairly

• We deal professionally, openly, and honestly with customers.
• We design products to meet their needs.
• We do not unreasonably reject claims.
• We aim to do things right the first time and correct mistakes promptly.

CNA Hardy is an equal opportunity employer.