Underwriter jobs in United Kingdom

Allied World Assurance Company Holdings, Ltd London, United Kingdom

Description
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions.

At Allied World we have over 1,600 talented and loyal employees working in 25 offices globally who service clients throughout the world. We are focused on providing superior customer service and creative risk solutions, building long-term, mutually beneficial relationships. Our employees share our passion for progress and success, and we are looking for talented committed people to join our team.

As a subsidiary of Fairfax Financial Holdings Ltd. and a Lloyds syndicate, we are situated in the heart of the London insurance market and benefit from a wealth of experience setting us apart from our competitors on the cutting edge of innovation.

Based in the Walkie Talkie building at 20 Fenchurch Street, our office is based on the 19th floor, providing fantastic views across London. With just under 200 employees in London we pride ourselves on our warm and welcoming culture, with regular learning opportunities and support to achieve your career goals.

Allied World is an Equal Opportunities Employer. All qualified applicants will be considered for employment without regard to an individual's race, colour, national origin, religion, sex, age, genetic information, or disability status. Further information on our Diversity and Inclusion values can be found here.

Key Responsibilities:

1. General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorisations.
2. Authorising of quotes, binders and invoices in accordance with company guidelines.
3. Responsible for timely and correct issuance of bound policies. Crafting of Endorsement wordings for authorisation by legal.
4. Providing direction to the Technical Assistants in the Dublin office in the timely processing of Policy/Endorsement wordings.
5. Perform referrals (as required) with SVP- Head of Casualty and act as a technical resource for the more junior Underwriters on the team.
6. Maintenance of underwriting files in an orderly manner and in accordance with the underwriting guidelines, including maintenance of all reporting systems for submissions and bound accounts, rate change modeling, bound account listing, submission log and reports as may be developed.
7. Seek input from Actuarial Department to price specific accounts when appropriate.
8. Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability.
9. Stay current with respect to major industry issues and developments.
10. Marketing - attend client/broker meetings, lunches, dinners and other social outings as applicable. Meet with key brokers regularly to discuss production, service and other topics relative to division operations. Attend important industry conferences and seminars as appropriate.
11. Other duties as may be assigned.

Qualifications

1. 5 + years experience underwriting General Casualty accounts in the London Wholesale market.
2. Strong marketing, negotiation and presentation skills.
3. The ability to work independently to drive profitable GWP growth.
4. Understand key P&L metrics and the impact on the portfolio.
5. Excellent knowledge and understanding of standard market policy and endorsement wordings.
6. Third level qualification.
7. Professional Insurance Designation such as ACII/ FCII desirable.
8. Organization skills and the ability to prioritize work.
9. Interpersonal skills and the ability to work within a team.
10. Strong verbal and written communication skills.