Senior Underwriter International Property Facultative
- Employer
- Avencia Consulting
- Location
- London, United Kingdom
- Salary
- GBP80000 - GBP100000 per annum + bonus & benefits
- Closing date
- Jun 8, 2022
View more
- Job Function
- Insurance
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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The role
Senior Underwriter within International Property Facultative
Working within a Lloyds framework with the ability of utilizing Bermudian capacity.
Line Size up to USD75M / EUR75M / GBP50M
Mainly a mid to high XS of loss re-insurance market
Limited US / Critical CAT appetite
Joining a very long standing successful / experienced team with a proven track record.
Dynamic team that continues to evolve to remain relevant to the market place.
Key accountabilities
Skills & experience
Senior Underwriter within International Property Facultative
Working within a Lloyds framework with the ability of utilizing Bermudian capacity.
Line Size up to USD75M / EUR75M / GBP50M
Mainly a mid to high XS of loss re-insurance market
Limited US / Critical CAT appetite
Joining a very long standing successful / experienced team with a proven track record.
Dynamic team that continues to evolve to remain relevant to the market place.
Key accountabilities
- Review, negotiate, accept or decline risks on behalf of the Company
- Maintain and develop business relationships with broking houses and insurers to ensure a flow of business within appetite.
- Ensure all business is thoroughly evaluated and rated, and that risks written adhere to the Company / Lloyds Underwriting Standards and individual Authority Limits
- Ensure management and reporting of portfolio aggregates are in line with appetite and tolerances as per the departmental business plan
- Assist with the development and modification of policy wording clauses and exclusions as circumstances require and as directed by the team leaders
- To assist the Underwriting Property manager in all facets of portfolio management, including ; Retro purchasing / Planning / Strategy / Reporting.
- To assist in the Peer Review process within the underwriting team
Skills & experience
- Bachelor's Degree or equivalent formal education qualification
- At least 7/10 years Prop UW experience writing experience and authority from either an insurance or reinsurance segment
- Preferably experience of Facultative XS of loss underwriting
- Knowledge of the London market and Lloyds environment
- Good track record in business development and good strong individual risk underwriting skills
- Completion of appropriate Industry qualification e.g. ACII - Desirable
- Excellent written and verbal communication skills
- Ability to embrace and look positively upon change.
- Excellent critical reasoning, numerical reasoning, problem solving, analytical and creative thinking skills
- Technical and presentation skills suitable for a professional environment
- Strong negotiation and business development skills
- Adaptability to change in a fluid commercial environment
- Self-motivated team player with strong inter-personal skills and a willingness to use own initiative within authorized parameters
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