Underwriter jobs in United Kingdom

The Convex FI and W&I team is a London-based underwriting platform with a global portfolio of business. The portfolio comprises open market, delegated and facultative (re)insurance business written across multiple territories. The majority of the FI portfolio is open market insurance business where client engagement and strong technical underwriting skills are critical. All FI products, including FI Cyber, are written within the team. The W&I portfolio is a delegated strategy, which includes Warranties and Indemnities, Tax and Contingent Liability insurances. The responsibility for both strategies resides in London and there are no geographical limitations, subject to appetite and licensing, when underwriting the portfolio of business. As a Class Underwriter, you will be responsible for ensuring the effective delivery of the vision and the strategy for our Financial Institutions and Warranties and Indemnities insurance portfolios to an agreed authority level. You will be focused on the successful management of specific client portfolios and for maintaining and building new business which profitably grows the portfolio and minimises loss exposures. The role is an office-based role but will include travel. A curious mindset, and supportive team-playing approach, is essential as well as the ability to thrive in an autonomous, challenging and intellectually stimulating environment.

• Strategic:
  • Provide input into the strategic direction of the portfolios and products, being responsible for the effective delivery of designated elements of the strategy and business plan.
  • With the Class of Business Head, you will identify and pursue opportunities that will enhance the proposition and strategic goals.
  • Where appropriate collaborate with other portfolios, products and Convex teams across the regions to leverage relationships and opportunities.
  • Develop and proactively manage the designated business by utilizing relevant resources as appropriate.
• Underwriting
  • Generate and manage business and both broker and client relationships for the FI and W&I team.
  • Underwrite to Convex's open market FI strategy, evidencing excellent technical underwriting skills and client engagement.
  • Oversee delegated business in the W&I sector, managing referrals and aggregate positions, and ensuring underwritten business supports Convex strategy and appetite.
  • Ensure risks are written within the agreed parameters - making sound long term decisions on risks that are written and continually undertake analysis of the portfolio to refine it as required.
  • Support Convex strategy of adoption and utilisation of technology to ensure a robust portfolio and to prioritise time spent in underwriting and client engagement activities.
  • Collaborate with claims, actuarial and ceded teams to ensure a sustainable selection of risks and delivery of a portfolio that outperforms the market.
  • Demonstrate excellent client service to support Convex's goal to be our client's favourite insurer.
• People Management
  • Effective performance management or mentoring of individuals, ensuring high levels of engagement, motivation and retention of our talent and key performers.
• Compliance and Risk Management
  • Conduct role in accordance with the Company's Business Ethics policy and all regulated entities as appropriate.
  • Manage the location/market so that is complies with relevant risk, regulatory and legal requirements and so that it complies with Group policies.

• A robust track record as a Financial Institutions Underwriter within the London market.
• Able to bring a strategic view to the portfolio including identifying opportunities for growth.
• Excellent numeric and analytical skills with a thoughtful, yet commercial approach to underwriting.
• Broad intellectual and technical expertise, ideally across FI, W&I and various geographical areas.
• Thrive on building relationships internally as well as externally and enjoy maintaining a relevant network.
• Well-rounded communication skills, both written and orally.
• You are curious and possess a continuous improvement mindset.

• Competitive Salary
• 30 days Annual Leave
• Birthday Leave
• 10% Employer Pension Contribution
• Private Health Insurance Medical Cover
• Group Income Protection
• Life Assurance Cover
• Enhanced Parental Leave
• Annual Health Check
• 3 days of Volunteer Leave each year
• 10 days of help with care (elder/ childcare) through Bright Horizons
• £1,300 to spend on learning & wellbeing
• Give as You Earn
• Cycle to Work
• Season Ticket Loan