Senior Marine Underwriter

MINDFREE Consulting | Insurance Talent Hub; Kuwait City; On-site; KWD 28,000 - 50,000; Full time

Job summary

A leading insurance consultancy in Kuwait is seeking a Marine Underwriter to support its underwriting strategy in the Marine line of business. The candidate should have over 5 years of experience in Marine underwriting or facultative reinsurance, strong analytical skills, and the ability to maintain key broker relationships. This position offers a significant opportunity for growth within the GCC and international reinsurance markets.

Qualifications

• Minimum 5 years of experience in Marine underwriting or facultative reinsurance.
• Solid background in pricing, claims evaluation, and risk analysis.
• Proficiency in producing underwriting performance and risk reports.
• Proficiency in producing underwriting performance and risk reports.

Responsibilities

• Evaluate reinsurance proposals and conduct risk assessments for marine accounts.
• Draft and review reinsurance policy terms and documentation.
• Maintain and develop relationships with brokers and cedents.
• Draft and review reinsurance policy terms and documentation.
• Analyze claims exposure for marine risks and maintain broker/cedent relationships.
• Collect and analyze client data; ensure shared access across departments.
• Identify new Marine products or business opportunities for growth.
• Coordinate with Accounts for Fac Retro closings and reconciliations.
• Produce weekly and monthly underwriting and performance reports.
• Assist with additional underwriting tasks as directed by leadership.

Skills

Marine underwriting experience

Risk analysis

Claims evaluation

Interpersonal skills

Analytical skills

Policy drafting

Underwriting reporting

Job description

Location: Kuwait (Relocation required one-month hotel accommodation provided)

Remote Option: May be considered for strong GCC-based candidates (2nd priority)

Reporting to: Head of Facultative Underwriting (FAC)

Team: Facultative Underwriting Team

Role Purpose

The Marine Underwriter will be responsible for supporting the implementation of Kuwait Res underwriting strategy in the Marine line of business. This role plays a critical part in evaluating Marine reinsurance opportunities, maintaining key broker and cedent relationships, and contributing to the company's growth in the GCC and international reinsurance markets.

Key Responsibilities

• Support the execution of Kuwait Res underwriting strategies and objectives under the supervision of the Head of Underwriting.
• Evaluate reinsurance proposals and conduct risk assessments for marine accounts (upstream and downstream).
• Determine appropriate pricing and premiums in alignment with Kuwait Res pricing policies.
• Draft and review reinsurance policy terms and documentation.
• Conduct background investigations and analyze claims exposure for marine risks.
• Maintain and develop strong relationships with brokers and cedents; act as a reliable point of contact.
• Collect, record, and analyze client and transaction data; ensure shared access across internal departments.
• Contribute to business development by identifying new Marine products or business opportunities.
• Coordinate with the Accounts department for Fac Retro closings and financial reconciliations.
• Produce weekly and monthly underwriting and performance reports.
• Support any additional underwriting tasks or responsibilities as directed by the department head.

Candidate Profile

Experience & Technical Skills:

• Minimum 5 years of experience in Marine underwriting or facultative reinsurance (open to Assistant Underwriter profiles with strong growth potential).
• Solid background in pricing, claims evaluation, and risk analysis for upstream/downstream energy insurance.
• Experience in drafting policies and managing Marine portfolios independently is preferred.
• Proficiency in producing underwriting performance and risk reports.

Soft Skills & Attributes:

• Strong analytical and decision-making skills.
• Ability to work independently and collaboratively within a team.
• Excellent interpersonal and relationship-building capabilities with clients and brokers.
• Demonstrates loyalty, cultural adaptability, and a long-term commitment to the company.
• Professional fluency in English; familiarity with regional (Indian/Kuwaiti) business culture is an advantage.