UNDERWRITER: PROPERTY/DUA
LOCATION: LONDON
WHAT WILL YOU DO?
We are looking for an experienced and commercially driven Underwriter: Property to manage a property insurance portfolio. This role is responsible for delivering profitable growth, overseeing underwriting performance, and supporting broker relationships across both large commercial and/or mid-market property risks. You will play a key role in developing underwriting strategy, ensuring portfolio health, and driving innovation in the book.
WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLE?
Key Responsibilities:
Underwriting & Risk Assessment:
* Assess, underwrite, and price new and existing property risks in line with underwriting philosophies and authority limits.
* Drafting and agreeing the underwriting philosophy and appetite with the Head of Property.
* Analyse exposures, coverage requirements, and terms to determine appropriate risk appetite and pricing.
* Act as both a leader setting market terms and also a follower providing accretive capacity behind credible Lloyd's leaders.
* Ensure documentation is accurate, complete, and compliant with internal policies and regulatory standards.
Broker & Client Engagement:
* Develop and maintain strong relationships with brokers and clients across various territories outside of North America.
* Negotiate terms, conditions, and pricing to secure profitable business.
* Deliver responsive service and technical support, enhancing market reputation and profile
* Travel where required to market conferences and client trips to improve relationships and ensure alignment.
Portfolio Management:
* Monitor portfolio performance and trends, providing insight to support underwriting strategy.
* Identify opportunities for growth and remediation within the book.
* Contribute to reinsurance and risk appetite discussions.
Collaboration & Development:
* Work closely with underwriting, claims, actuarial, and pricing teams to ensure alignment and data integrity.
* Contribute to product development, wording reviews, and process improvement initiatives.
* Mentor junior underwriters or assistants, where applicable.
QUALIFICATIONS AND EXPERIENCE:
* Relevant Degree
* 5-7 Years Experience
* Experience underwriting and managing property business in the Lloyd's market.
* Solid knowledge of property risks, policy wordings, and regulatory environment.
* Strong analytical and decision-making skills, with commercial awareness.
* Excellent communication and negotiation skills, particularly with brokers and clients.
* Proficiency in relevant underwriting systems and Microsoft Office.
* Progress toward professional qualifications (e.g. ACII) preferred.
KNOWLEDGE AND SKILLS:
* Delivering results and meeting customer expectation
* Relating and networking
* Analyses
* Applying expertise and technology
* Achieving personal work goals and objectives
* Attention to detail
* Planning and organising skills
* Problem Solving
* Negotiating
* Business Acumen/Knowledge
* Business Analysis
PERSONAL ATTRIBUTES:
* Drives results
* Recognised personal reputation
* Deciding and initiating action
* Leading and supervising
* Collaborates
* Client focus
* Flexibility and adaptability
* Cultivates innovation
* Strategic decision making
* Analytical thinking
* Influencing/ gaining commitment
* Business acumen
* Coaching and development
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