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- Gathering market data for new markets and products and promoting SiriusPoint London Branch and Syndicate 1945 to identify new production opportunities
- Tracking competitor activity
- Managing underwriting results by monitoring production, renewal retention and other production and quality measures
- Providing input into the business planning process and assisting in developing the budget for the business unit
- Attending client presentations and market seminars, travelling as required
- Providing reports to the Underwriting Committee detailing portfolio performance, progress against budget, visit reports, etc
- Complying with Group and Audit Requirements
- Analysing insurance proposals, gathering and assessing background information to identify the risk involved
- Liaising with Exposure Management to evaluate the potential loss in any catastrophic event
- Calculating premium in line with SiriusPoint pricing models
- Negotiating terms with policyholders or their brokers, specifying any conditions to be imposed
- Providing and recording quotes
- Underwriting policies, adhering to compliance requirements and the Underwriting Guidelines to ensure line size within authority and the annual business plan
- Maintaining detailed records of decisions made and policies underwritten in line with SiriusPoint processes and procedures
- Developing and maintaining constructive and co-operative working relationships with brokers
- Providing guidance, advice and support to the business unit team
- Ensuring the smooth running of the team e.g. Lloyd's box manned daily
- Providing training and mentoring to less experienced team underwriters on market conditions, competitors, relationship management, etc
- Undertaking professional training and maintaining commercial awareness of market trends
- Adhering to all SiriusPoint Policies, Processes and Procedures
- Adhering to all PRA/FCA, SARBOX and Lloyd's regulatory requirements
- Undertaking additional related activities, as requested by the Line Manager
- Attending Underwriting Reviews and Underwriting Conferences
- Travelling where required, subject to prior agreement
- Performing all duties in line with the FCA Individual Conduct Rules as documented in the Employee Handbook
Underwriter, Energy - United Kingdom - SiriusPoint Ltd.
Description
You will be our Underwriter, Energy & Marine Liability. The main purpose of your role is negotiating, underwriting and maintaining a profitable portfolio of business to meet budgetary requirements, as well as researching new business opportunities to develop a quality book of business. You will report to the Senior Underwriter, Energy.
Your responsibilities will include:
Business Development