The Chubb Global Markets division of Chubb are seeking a hardworking and driven individual to join their team as an Assistant Underwriter.
This is a unique opportunity to learn how to underwrite risks and play a pivotal role in our underwriting strategy. You will work closely with experienced underwriters, granting you the chance to make impactful decisions while sharpening your expertise in the fast-paced London Market. Your contributions will drive our success and elevate our client relationships to new heights.
With a commitment to professional growth and a collaborative work environment, the role will entail support for the underwriters with the short-term aim of assuming underwriting authority as part of the team.
The successful individual will gain hands-on London Market experience, by working at Lloyds’s and providing specialist insurance for large and complex risk exposures across the globe.
Be part of a passionate team that values your insights and encourages collaboration. Your voice matters here!
If you are passionate about developing your skills and progressing your career in underwriting apply today!
Key Responsibilities:
Underwriting Support (65%)
1. Prepare and gather information required to assist with the quoting stage
2. Help track premium income booking, ensuring it is in line with planned / reported numbers and investigate any differences
3. Maintain and update underwriting databases and records meticulously
4. Prepare comprehensive reports and presentations for management such as production, exposure summaries, rate movement and adequacy to drive strategic decisions
5. Actively participate in innovative discussions to streamline processes and improve efficiency of our internal tools
6. Build and maintain a strong external reputation. Become a strong advocate for the brand. Behave in a manner consistent with Chubb’s core values, ethics, culture and service standards, both internally and externally.
Underwriting tasks (30%)
7. Collaborate with underwriters to evaluate, price and accept risks based on our established guidelines
8. Collaborate with underwriters to refine risk acceptance criteria and enhance risk assessment strategies
9. Gather, analyse, and synthesise risk information and documentation to make informed underwriting decisions
10. Build and maintain good relationships with brokers.
Any other responsibilities/ad hoc initiatives provided by the Product Head/Senior Underwriter (5%)
11. Adhoc requests might be required such as to create and maintain reports, to be present at the box in Lloyd’s with the UW teams, to provide training to new starters, etc.
Knowledge & Experience:
Essential
12. Minimum 1 year experience as an Underwriting Assistant – knowledge of Chubb internal systems. Ready to take the next step in a career in underwriting
13. Solid understanding of the London Market and its unique dynamics
14. Understanding of CAT models, Primary, XOL and rating models
15. Willingness to learn and self-develop
16. Conscientious and diligent – The ability to manage large and often unpredictable workloads in a high-pressure environment
17. Strong communicator and able to build relationships with both internal Chubb stakeholders and external stakeholders across the London market
18. Motivated, results driven, considerate, self-starter that works well independently and as part of a team.
19. Expected to undertake training and progress through professional examinations.
20. Effective verbal and written communications in English.
Desirable
21. Knowledge and experience of the Line of Business
22. CII Cert, or currently undertaking professional examinations.