At a Glance
- Tasks: Lead underwriting functions, manage quotes, and guide junior team members in a dynamic environment.
- Company: Join Allied World, a global leader in innovative insurance solutions with a vibrant London office.
- Benefits: Enjoy a supportive culture, career growth opportunities, and stunning views from the Walkie Talkie building.
- Why this job: Be part of a passionate team focused on creativity and success in the heart of the London market.
- Qualifications: 5+ years in General Casualty underwriting, strong marketing skills, and a relevant professional qualification preferred.
- Other info: Allied World values diversity and inclusion, welcoming applicants from all backgrounds.
The predicted salary is between 48000 - 72000 £ per year.
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:
- General underwriting functions including underwriting submission review, pricing analysis, setting of terms and conditions, and quote/binder/invoice authorisations.
- Authorising of quotes, binders and invoices in accordance with company guidelines.
- Responsible for timely and correct issuance of bound policies.
- Crafting of Endorsement wordings for authorisation by legal.
- Providing direction to the Technical Assistants in the Dublin office in the timely processing of Policy/Endorsement wordings.
- Perform referrals (as required) with SVP- Head of Casualty and act as a technical resource for the more junior Underwriters on the team.
- 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.
- Seek input from Actuarial Department to price specific accounts when appropriate.
- Liaise with Claims Department on any specific claim activity and overall market claim concerns which could potentially affect profitability.
- Stay current with respect to major industry issues and developments.
- 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.
- Other duties as may be assigned.
Qualifications:
- 5 + years experience underwriting General Casualty accounts in the London Wholesale market.
- Strong marketing, negotiation and presentation skills.
- The ability to work independently to drive profitable GWP growth.
- Understand key P&L metrics and the impact on the portfolio.
- Excellent knowledge and understanding of standard market policy and endorsement wordings.
- Third level qualification.
- Professional Insurance Designation such as ACII/ FCII desirable.
- Organization skills and the ability to prioritize work.
- Interpersonal skills and the ability to work within a team.
- Strong verbal and written communication skills.
Senior Underwriter - Casualty Division | London, UK employer: Allied World Assurance Company Holdings, Ltd
Contact Detail:
Allied World Assurance Company Holdings, Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Casualty Division | London, UK
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in casualty underwriting. Attend industry events and seminars to meet potential colleagues and learn more about the company culture at Allied World.
✨Tip Number 2
Familiarise yourself with the latest trends and challenges in the casualty insurance market. Being knowledgeable about current issues will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 3
Prepare to discuss your previous underwriting experiences in detail, focusing on how you've successfully managed risk and contributed to profitable growth. Use specific examples to illustrate your skills in negotiation and marketing.
✨Tip Number 4
Showcase your understanding of P&L metrics and how they impact underwriting decisions. This knowledge is crucial for a Senior Underwriter role and will set you apart from other candidates.
We think you need these skills to ace Senior Underwriter - Casualty Division | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in the General Casualty accounts within the London Wholesale market. Use specific examples to demonstrate your marketing, negotiation, and presentation skills.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your understanding of Allied World's values. Mention your experience with underwriting submission review and pricing analysis, and how you can contribute to their team.
Highlight Relevant Qualifications: Include any professional insurance designations such as ACII or FCII in your application. If you have a third-level qualification, make sure to mention it prominently, as it aligns with the job requirements.
Showcase Soft Skills: In your application, emphasise your organisational skills, ability to work independently, and strong verbal and written communication skills. These are crucial for the role and will help you stand out as a candidate.
How to prepare for a job interview at Allied World Assurance Company Holdings, Ltd
✨Showcase Your Underwriting Experience
Make sure to highlight your 5+ years of experience in underwriting General Casualty accounts, especially within the London Wholesale market. Be prepared to discuss specific cases where you successfully managed risk and drove profitable growth.
✨Demonstrate Strong Communication Skills
Since the role requires excellent verbal and written communication skills, practice articulating your thoughts clearly. Prepare to discuss how you've effectively communicated with clients and brokers in past roles.
✨Prepare for Technical Questions
Expect questions related to underwriting processes, pricing analysis, and policy wordings. Brush up on your knowledge of standard market policy and endorsement wordings to confidently answer any technical queries.
✨Emphasise Team Collaboration
The role involves working closely with various departments, so be ready to share examples of how you've collaborated with teams in the past. Highlight your interpersonal skills and ability to work within a team to achieve common goals.