Underwriter, Property D&F

Canopius Group; Singapore; Hybrid; SGD 120,000 - 180,000; Full time

Benefits offered by this job

Hybrid working

Pension contributions

Discretionary bonus

Health insurance (family)

Job summary

Canopius is seeking an APAC Property Underwriter to produce and underwrite risks for the syndicate, aligned with the approved business plan and personal authority limits. You will be part of the APAC Property team, reporting to Head of Property D&F, APAC.

Key responsibilities include developing the Property Portfolio in APAC & MENA, adhering to underwriting guidelines, collaborating with London, and underlining risk appetite while maintaining broker/client relationships. Hybrid working offered.

Qualifications

• Technical knowledge of underwriting specific to Property D&F lines (incl. Power & Downstream)
• Broad exposure to distribution streams
• Active involvement in APAC markets (Australia, NZ, Japan) essential
• Lloyd’s/London market experience an advantage
• ACII qualification preferable but not essential
• Degree preferable but not essential
• Strong IT skills, numerate with analytical/negotiation abilities

Responsibilities

• Support development of Property Portfolio and proposition in APAC & MENA
• Follow Global D+F Property Underwriting guidelines and risk appetite
• Collaborate with London to ensure consistency
• Review underwriting appetite and recommend changes
• Underwrite renewal and new business per plan and authorities
• Build relationships with brokers, cedants and clients
• Ensure regulatory and internal procedures compliance
• Analyse terms, rating and prepare underwriting reports
• Compile statistics and report on risk performance
• Maintain relationships with stakeholders
• Compile wordings and proposal forms
• Report monthly Premium Income
• Perform ad hoc duties as required

Skills

Property underwriting

APAC markets

Negotiation

IT literacy

Education

ACII qualification

Bachelor’s degree

Tools

Underwriting software

Job description

Job Description

This position has the responsibility to produce and underwrite risks appropriate to the defined Class of business on behalf of the syndicate in accordance with the approved business plan and defined personal authority limits. He/she shall be part of the APAC Property team, with direct reporting into Head of Property D&F, APAC.

Job Description

This position has the responsibility to produce and underwrite risks appropriate to the defined Class of business on behalf of the syndicate in accordance with the approved business plan and defined personal authority limits. He/she shall be part of the APAC Property team, with direct reporting into Head of Property D&F, APAC.

Responsibilities

Key Responsibilities

• Support the development of the Property Portfolio and proposition in APAC & MENA, as per the Global D+F Property SBF Management Plan
• Work within the Global D+F Property Underwriting guidelines and risk appetite philosophy
• Work in close cooperation with London to manage overlap and be consistent, wherever applicable
• Review the underwriting appetite and provide recommendations if changes are required
• Assess and underwrite renewal and new business in a timely and efficient manner in line with the business plan and personal authority limits.
• Develop and maintain relationships with brokers, cedants and clients.
• Ensure compliance with regulatory and internal procedures.
• Analyse terms, specification, and rating on prospective and existing business
• Compile underwriting reports as appropriate.
• Build and maintain strong working relationships with external and internal stakeholders.
• Compile statistics and analyse performance of all risks and accounts.
• Compile wordings and proposal forms
• Report monthly Premium Income figures
• And other ad hoc duties as required

Qualifications

Skills & Experience

• Technical knowledge of underwriting specific to Property D&F business lines (to include Power and Downstream as required)
• Broad exposure to distribution streams
• Active involvement in APAC markets including Australian / NZ / Japan markets is essential.
• Lloyd’s and London market experience would be an advantage.
• ACII qualification preferable but not essential
• Degree preferable but not essential
• Strong IT skills, literacy, numerate and having analytical and negotiation skills.

Our Benefits

ABOUT US

We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, pension contributions, flexible benefits, discretionary bonus, insurances including health (family) cover, and many other benefits to enhance financial, physical, social and psychological health.

About Canopius

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.

At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.

Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.

We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.

We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.