Underwriter - Property Treaty

Starr Underwriting; London; Hybrid; USD 70,000 - 120,000; Full time

Job summary

A leading global specialty (re)insurer seeks a Property Treaty reinsurance underwriter to join their collaborative London team. The role includes managing risks, negotiating with brokers, and developing the Property Treaty product line within international markets. The position offers a competitive salary and comprehensive benefits, emphasizing a holistic approach to employee wellbeing.

Benefits

Hybrid working

Competitive salary

Non-contributory pension

Discretionary bonus

Health and dental insurance

Qualifications

• Experience in Lloyd’s or company market preferred.
• Proficiency in relevant software tools.
• Excellent written and verbal communication skills.

Responsibilities

• Develop and maintain the Property Treaty product line.
• Negotiate, assess, and underwrite renewal and new business.
• Compile statistics and analyze risk and account performance.

Skills

Analytical skills

Problem-solving skills

Communication skills

Technical knowledge of Property Treaty

Client/broker facing experience

Tools

Cat modelling tools

Word

Excel

PowerPoint

Outlook

Job description

The Property Treaty reinsurance underwriting team is based in London and generates close to $250m of income from US and International clients. These roles focus on developing and renewing the US and International Property Treaty portfolios and supporting the wider team.

We seek individuals who continually strive for improvement, challenge the status quo, demonstrate market-leading behavior, and bring their whole selves to work.

This is an opportunity to join a well-established, friendly, and collaborative team environment, managing risks from initial acceptance to outwards reinsurance.

Responsibilities

• Develop and maintain the Property Treaty product line.
• Negotiate, assess, and underwrite renewal and new business efficiently, within business plan and authority limits.
• Support broker interactions, modelling, strategic thinking, risk analysis, and business planning.
• Build and maintain relationships with brokers and clients to generate new business.
• Ensure compliance with regulatory and internal procedures, manage peak risks.
• Prepare underwriting reports and presentations.
• Maintain good relationships with internal and external parties.
• Compile statistics and analyze risk and account performance.
• Review and finalize contract wordings.

Skills & Experience

• Lloyd’s or company market experience (broking or underwriting), with client/broker facing roles.
• Technical knowledge of the Property Treaty class; experience in international markets is preferred.
• Proficiency in Word, Excel, PowerPoint, and Outlook.
• Knowledge of Cat modelling tools such as RMS at policy and portfolio levels.
• Excellent written and verbal communication skills.
• Strong analytical and problem-solving skills.

Our Benefits

We offer a comprehensive benefits package focusing on overall wellbeing, including hybrid working, competitive salary, non-contributory pension, discretionary bonus, health and dental insurance, and more.

About Us

Canopius is a global specialty lines (re)insurer and a leading Lloyd’s of London market insurer with offices worldwide. We foster a positive culture that encourages authenticity, diversity, and inclusion. Our London offices feature a flexible, hybrid working model, committed to providing an environment where everyone’s contributions are valued. We are dedicated to equal employment opportunities and welcome applicants from diverse backgrounds.