Delegated Authority Underwriter - International General Liability

Delegated Authority Underwriter - International General Liability Job summary

To underwrite and manage a profitable International General Liability book.

Main duties
Support the Head of Intl GL in writing a profitable International General Liability book focused on Delegated Authority business
Take responsibility for part of the International General Liability class of business including monitoring and oversight of Delegated Authority business
Support the production of a business plan for review and agreement by Divisional Head
Input into the monthly and quarterly forecasting process for the International General Liability class
Underwrite in accordance with underwriting authority and the business plan
Seek out new business opportunities through liaison with brokers and clients
Review of new and renewal risks including slip analyses, perform rating/benchmark analyses and undertake premium monitoring
Liaise with brokers and develop good working relationships with broking and support teams
Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial etc.
Use market, industry and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the Int GL market in general
Peer Review of Delegated Authority business as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual.
Responsibility for the accuracy and upkeep of written premium data on Charisma and other systems for all risks written within the area of responsibility
Work closely with the Delegated Authority Centre of Excellence as a focal point for Delegated Authority business
Prepare reports and statistical information as required by senior management
Assist in the continuous assessment of rating and benchmarking models

Travel to visit existing and potential clients as required
Ensure compliance with and maintenance of Group systems
Compliance with Lloyd’s and CIC regulations and byelaws

Regulatory responsibilities
Manage the relationships with Customers, Agents and Service Providers:
Ensure that the principles of Treating Customers Fairly are upheld by Agents and Service Providers.
Ensure that the brokers, cedants and coverholders are vetted and approved by Compliance and TOBAs in place prior to engaging and/or writing business with.

Our requirements

Relevant experience

Delegated Authority Underwriting background

Minimum of 5 years working within the Lloyds insurance environment
Desirable elevant experience in Casualty International Liability Insurance or related classes and knowledge of the London and Lloyd’s markets
Technical skills

Essential
MS Office – including Excel & Word
Relevant insurance platform experience – PPL & Whitespace
Comfortable with using in-house underwriting management systems
A detailed understanding of fundamental insurance/reinsurance concepts, MRC slip standards, contract certainty requirements, market standard model clauses
(NMA, LMA, LSW model endorsements & exclusions), and class-specific terms and conditions

Education & Experience
Desirable ACII qualified or working towards achieving associateship.

Personal skills
Professional outlook
Flexible at all times

Very good interpersonal skills
Excellent organisational skills
Excellent communication skills with the ability to liaise at all levels
Work as part of a team
Adapt to a pressured environment

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.