Underwriter - London, United Kingdom - Liberty Specialty Markets

Liberty Specialty Markets
Liberty Specialty Markets
Verified Company
London, United Kingdom

4 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

General information:


City:
London, UK


Country:
United Kingdom of Great Britain and Northern Ireland


Creation Date:17-May-2024


Employment Type:
Permanent


Employment Type:
Full time


Ref #:


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 Binders team 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 marketleading 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 crossfunctionally 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
  • Strong established customer/broker relationships
  • 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
More jobs from Liberty Specialty Markets
See all jobs of Liberty Specialty Markets