Underwriter

Country:
United Kingdom of Great Britain and Northern Ireland
Creation Date:
17-May-#####
Employment Type:
Permanent
Employment Type:
Full time
Ref #:
1234570908 Description & Requirements Role Title: Underwriter – Specialty P&C
Department: Specialty Binders
Team: Delegated Authority Practice (DAP)
Location: London
Type: Permanent
About the Role:
An opportunity to join the expanding Specialty Bindersteam within Liberty Specialty Markets.
Exposure to a broad spread of property & casualty risks within the London and International market based on Leisure & Hospitality industries.
Opportunity to build relationships with brokers, clients and business partners in order to renew and acquire new business for the specialty portfolio.
Support team strategy and planning together with Snr UW and Underwriting Manager
Support team with research and analysis of RI strategy and support RI structure with Ceded RE
About the Department & Team:
A market-leading team with extensive experience in the Personal Accident & Contingency world
Current book is a blend of both binder, lineslip and fac risks across the US, UK, Australia & Europe
Agile work environment – office and homeworking
Existing book is predominantly written on syndicate paper (Liberty Managing Agency Limited) but with the additional strength of being able to utilise LSM company stamp(Liberty Mutual Insurance Europe SE)
Key Responsibilities:
Strategy and Planning
Support the development of the annual business plan for the Underwriting division and ensure delivery of the plan in accordance with its stated risk tolerances
Ensure the team’s awareness of the business plan and its context so that they are able to take appropriate action and make informed decisions
Contribute new ideas and concepts to support the development and delivery of the business plan
Works cross-functionally with counterparts in other functions (e.g. Claims, Actuarial, Finance, Portfolio Management etc.) to achieve objectives
Delivery
Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including:
Negotiating rates, terms and conditions for existing and new business
Compliance with the production of documentation in accordance with contract certainty requirements
Contribute new ideas and concepts to support the development and delivery of the business plan including expansion into new territories or distribution networks as may be approved
Contribute and participate in all underwriting meetings in order to share and develop strategy, knowledge and best practice
Support the review and analysis of the portfolio, to identify progress towards business objectives
Work with the operations team to process entries, as required, properly onto relevant systems in a timely manner. Ensuring accuracy of data with relation to both underwriting and aggregate exposures including control of coverholder bordereaux submissions
Assist with cross selling within Liberty Mutual and LSM.
Policy, Process and Procedures
Adherence to all relevant regulatory requirements forms part of your role. The demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values. Placing customers at the centre of our business and behaving with integrity.LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to always proactively demonstrate compliance with these requirements and behaviours.
In virtue of your role’s prescribed legal entity responsibilities, you will be required to undertake your role with due regard to the prescribed responsibilities and regulatory requirements associated with that role – which may require undertaking appropriate learning & development.
Skills and Experience:
Extensive knowledge of relevant market conditions for specific class/portfolio
Strong knowledge of legal and regulatory requirements
Thorough understanding of class specific underwriting and reinsurance knowledge
Intermediate/ advanced level understanding of relevant software including Excel and other departmental software packages
People management – ability to engage and lead a team
A high level of numeracy and literacy skills
Use of risk profiling and pricing tools and loss models
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why “Put People First” is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
Offering a vibrant and inclusive environment and committing to their career development.
Promoting diversity, equity and inclusion (DEI). OurInclusion Matters frameworkand employee-led networks strengthen the diversity of our workforce and our inclusive environment.
Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
For more information, please follow the links below:
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