Political Risk Underwriter - London, United Kingdom - Avencia Consulting

Avencia Consulting

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

About us

Avencia Consulting are working with a specialty Insurer based in the City who are looking for a Political Risk Underwriter to join.

The Company currently writes lines of business including; speciality insurance: aviation & aerospace, energy, marine, property, credit & political risk, and other speciality; reinsurance: property reinsurance, property retrocession, speciality reinsurance,whole account/multi-class.

The role

Reporting to the Head of Credit and Political Risk, the primary purpose of the role is to assist in originating, modelling, administering, and underwriting a portfolio of (re)insurance business.

This includes analysing and maintaining the accuracy of all(re)insurance submission data, policies, and records with the ultimate goal of ensuring that interests are properly managed and protected.

Key accountabilities

Participate in the underwriting process, evaluation, and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language
Working cross class, predominantly CF and PRI, but may need to work across PF and Structured Credit or other Bespoke lines when needed
Assist and work with risk modeling and pricing tools
Presentation of risks on the Underwriting Call
Originate, leverage, build and maintain broker and client relationships
Monitor market developments and remain current regarding knowledge of all relevant classes of business, and legislated and regulatory changes / requirements
Ensure accuracy and integrity of underwriting data in group underwriting systems
Prepare and issue quotes on an accurate and timely basis
Supervising and/or mentoring junior members of the team
Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors and regulators as required
Assist with strategic initiatives as needed to promote business growth

Skills & experience

Minimum of 5 years' experience in a broking or underwriting capacity in the relevant line of business
Established networks and strong existing relationships with brokers and clients, and ability to independently manage meetings
Strong understanding of the underwriting marketplace
Excellent analytical skills, with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles
Proven negotiator, with demonstrated ability to attract new business and retain clients