- Engage with both internal broking and operations teams and participating Insurers, alongside the binding of Quota Share risks on behalf of the facility Insurers.
- A fast-moving role that will take you in a different direction in comparison to a more "traditional" broking role in insurance providing experience across the entire Marsh UK business by providing Delegated Underwriting expertise and advice.
- Be the class specialist on one of the following classes of business: Financial Lines , Energy, Marine or Property to identify specific improvements, resolve any issues impacting usage of the facility directly with the relevant Marsh team and support in the training and understanding of the broader DUA team where required.
- Competitive Benefits Package including: 27 days annual leave, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, dental insurance, health assessments plus many more.
- Generous Family Leave including: 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options. To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary.
- Provide delegated underwriting support on one of the following specialised classes of business including Financial Lines, Energy, Marine or Property.
- Act as the first point of contact for day-to-day communications with brokers and designated clients (facility insurers), follows up on correspondence.
- In-scope and bind risks using the authority under the DUA requiring good attention to detail, as well as underwriting knowledge and recognising the important of adhering to the parameters of the underwriting agreement.
- Provide training on processes and the DUA for Marsh broker colleagues
- Support colleagues by managing requests and gathering of information from carriers and colleagues, participating on projects, liaising between internal senior professionals
- DUA / Binding Authority experience
- Ability to work under pressure, often to tight deadlines
- Excellent communication and interpersonal skills
- Highly organised and methodical in approach
- Ability to build relationships internally at all levels of senior management and peers within other departments is essential
- Detail focused
- Good MS Excel
- Knowledge of PPL and/or Whitespace
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DUA Underwriter - London, United Kingdom - Marsh
Description
Delegated Authority Underwriter
Financial Lines , Energy, Marine or Property
Marsh Portfolio Solutions (MPS) is a dynamic insurer client-centric practice within Marsh UK that places and manages a range of innovative portfolio placement solutions on behalf of Marsh Specialty and Retail Practices. MPS comprises of a team of over 120 skilled professionals who provide a range of intermediary services to insurer clients including, working with delegated authority from insurers, binding capacity, calculating line size, management information and innovative placement structures.
What can you expect?
What you will be rewarded with?
We will rely on you to:
What you need to have:
What makes you stand out:
About Marsh
Marsh is the world's leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US $17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.
Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people regardless of their sex/gender, marital or parental status, ethnic origin, nationality, age, background, disability, religion, sexual orientation, gender identity or any other characteristic protected by applicable law.
We are an equal opportunities employer. We are committed to providing reasonable support to any candidate with a disability/health condition to allow them to fully participate in the recruitment process. We welcome candidates to contact us at to discuss any specific needs.
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