- To manage, maintain and develop the International Casualty teams to ensure profitable, accurate and efficient underwriting that supports the business plan. Ensure International Development Companies (IDCs) have the support and knowledge shared with them to underwrite business which this position overseas.
- Steer applicable business through analytics and consultation with manager and delegation of strategy to team members and IDCs.
- Provide support to Chief Underwriting Officer on broad strategic initiatives and management issues.
- Serve on MRSL Group Committees and Sub Committees as required.
- Underwrite and manage new (and renewal) business in accordance with Underwriting business plan with full awareness of own underwriting limits as set out on the Underwriting Authority. This shall involve exercising judgement in all underwriting matters including the oversight of the administration of binders, along with the monitoring of risk entries and aggregations.
- Service existing contracts and make amendments in line with the syndicate's underwriting philosophy.
- Conduct and develop effective relationships with both Lloyd's Brokers, key clients and market peers, to both strengthen existing trading relationships and secure new business that falls within the Underwriting business plan and keep abreast of market developments.
- Review slips and endorsements along with other placing information and literature, exercising own judgment to ensure the International Casualty accounts remain within the Underwriting business plan and adheres to authority limits.
- Ensure that Peer Review Group see appropriate information and respond efficiently to PRG queries relating to business for which you are responsible.
- Produce ad-hoc management reports as and when required.
- Liaise with Head of Underwriting Management to ensure that company procedures and systems are followed and maintained as per procedures and compliance manuals.
- Conduct peer review ensuring compliance with the business plan and adherence to authority limits.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
- Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.
- Be aware of and take ownership of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner. In this context risk is the potential for loss or failure to meet business objectives as a consequence of internal or external events.
- Advanced knowledge and understanding of:
- Underwriting Principles;
- Legal Principles;
- FCA and Lloyd's rules and regulations including contract certainty issues;
- All company specific procedures that relate to own role and role of those employees that you are supervising;
- Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm;
- Develop and maintain market awareness.
- University Degree and/or relevant professional qualification/Experience
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Head of International Casualty
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Team Leader
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Group Head of International Casualty - London, United Kingdom - Munich Re Specialty Group
Description
The Role
What we are looking for
Competencies Required
Team orientation
Being aware of the need to pursue goals and objectives for bottom line profit, whilst working cooperatively and flexibly with other members of the team with a full understanding of the role to be played as a team member.
Communication
Communicate clearly, fairly and in a non-misleading manner, both orally and in writing.
Achievement/results-orientation
Get things done well and the ability to set and meet challenging goals, create own measures of excellence and constantly seek ways of improving performance.
Problem-solving
Analyse situations, diagnose problems, identify the key issues, establish and weigh up alternative courses of action and produce a logical, practical and acceptable solution.
Flexibility
Adapt and work effectively in different situations and to carry out a variety of tasks.
Customer focus
Take constant care in looking after the interests of external and internal customers. Ensure that their wants, needs and expectations are given due consideration and that all efforts are made to meet them wherever fair and reasonable, in line with any standards from an industry regulator.
Planning and prioritising
The ability to decide on courses of action, ensure that the necessary resources are available and schedule the work required to achieve a defined result in a desirable manner.
Share knowledge
Share knowledge about the role you perform fully and willingly with others, where this is relevant, in the interests of the organisation.
Self-development
Take responsibility for your own career and actively support 'continuing professional development'.
Commercial/business awareness
The capacity to understand the business opportunities and priorities of the organisation and constantly seek methods of ensuring that the organisation continues to be business-like and continues to meet the standards and requirements of its regulators.
Leadership
Inspire individuals to give of their best in order to achieve a desired result and to maintain effective relationships with individuals and the team as a whole. Give responsibility to staff at the appropriate levels through development techniques so improving their skills and capabilities – offering coaching, self- development, secondment and other appropriate techniques as well as formal courses. Ensuring people skills are supported as well as technical and business competence.
Your career with us
At MRSG, you'll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more