Underwriter - Property Binders - Greater London, United Kingdom - The Travelers Companies, Inc.

The Travelers Companies, Inc.
The Travelers Companies, Inc.
Verified Company
Greater London, United Kingdom

3 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

  • Who Are We?
  • Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
  • Job Category
Underwriting

  • Target Openings
1

  • What Is the Opportunity?
  • Travelers Global Property Binder team underwrite a range of North American property risks on a binding authority / Delegated Underwriting basis. Our appetite covers a range of commercial and personal property risks, covering everything from business interruption, flood and difference in conditions through to equipment breakdown.


We are looking for an Underwriter to join our highly knowledgeable and experienced property binders team to help us profitably grow our book.

You'll be responsible for underwriting and processing new business, renewals and mid -term adjustments as well as monitoring rate adequacy and portfolio performance.

What Will You Do?

  • Support the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
  • Ensures that business is written in accordance with the Company's policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with:
  • individual underwriting authority and, where relevant, with approval under the Lloyds Individual Registration Byelaw.
- the Unit's business plan for the relevant year.

  • Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
  • Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
  • May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
  • Monitor market factors and world affairs as part of research and development of new opportunities.
  • Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company's underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
  • Provide guidance, mentoring and coaching to others as appropriate.
  • Each individual has responsibility for:
  • Acting in accordance with Travelers Companies' Code of Business Conduct and Ethics, Business Excellence Policy and all HRpolicies and procedures.
  • Delivering high quality service to brokers and customers in line with our service standards.
  • Complying with all legal, insurance, regulatory, Lloyd's and Sarbanes Oxley rules and guidelines.
  • Acting at all time in compliance with the Treating Customers Fairly outcomes.
  • Working as a team with colleagues within the Company and the Enterprise.
  • Developing strong relationships with our key supporting brokers and customers and all other key external stakeholders.
  • Adhering to the Company's policies and procedures.
  • Keeping adequate records of all transactions undertaken with brokers, customers, and all other parties.
  • Continually looking for improvement both from a personal and business perspective.
  • Experience within the Lloyd's market preferred, with a basic understanding of the internal and external factors which impact the market.
  • Underwriting experience preferred.
  • Degree preferred.
  • Able to make sound quoting and pricing decisions that are in the Company's best interests.
  • Intermediate knowledge and ability in respect of judgment, decision making, communication and strong team work.
  • Demonstrates Intermediate knowledge and experience in respect of

Relationship Management:
Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.

  • Demonstrates Intermediate knowledge and experience in respect of
Analytical Thinking/

Financial Acumen:

Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.


  • Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
  • Demonstrates Intermediate knowledge and experience in respect of

Business Perspective:
Uses knowledge of internal and external factors that impact the Lloyd's Market to make decisions.

  • Expected to be studying towards ACII qualification.
What is a Must Have?

  • Previous Property and Casualty insurance experience in either an underwriting, operational or broker capacity.
  • Secondar
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