At a Glance
- Tasks: Underwrite new and renewal treaty business while collaborating with brokers and internal teams.
- Company: Leading reinsurance firm with a focus on marine underwriting.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Fast-paced environment with opportunities to grow your expertise and network.
- Why this job: Join a dynamic team and make an impact in the international reinsurance market.
- Qualifications: 10+ years of reinsurance experience and strong communication skills required.
The predicted salary is between 80000 - 100000 £ per year.
Person Specification:
- Minimum 10 years + of primary and/or treaty reinsurance underwriting experience
- Established expertise in the portfolio lines of business, broker contacts and ability to generate new relationships with brokers and cedants.
- Contract wording and expertise and an understanding of actuarial pricing techniques are beneficial
- Proficient computer skills, especially in MS Excel, Word, Power Point (RMS & AIR experience a plus)
- Strong communication and writing skills
- Ability to multitask, work independently and problem solve
- Must be highly organized, accurate and detail oriented
Description of the role:
This position will be responsible for underwriting profitable new and renewal treaty business. To support the account SVP in protecting the existing account and aiding with development of new opportunities in International and London Market business.
Duties and Responsibilities:
- Underwrite new and renewal treaty submissions in compliance with underwriting guidelines, systems and procedures
- Responsible for pricing and modeling accounts via in-house modeling tools
- Responsible for communicating pricing assumptions with internal actuaries during peer review process
- Meet with key brokers regularly to discuss production, service and other topics related to the department
- Liaise with the claims department on any specific claims activity
- Process contracts in TIRS (Reinsurance) system
- Input and manage all aspects of the portal and public folders, for the portfolio being worked on
- Establish and maintain files in accordance with procedure; and ensure all information is saved and named properly
- Stay current with respect to major industry trends, issues and development
- Other ad hoc duties as assigned
Assistant Vice President - Reinsurance Marine in London employer: Allied World Assurance Company
As an Assistant Vice President - Reinsurance Marine, you will thrive in a dynamic and supportive work environment that values expertise and fosters professional growth. Our company offers competitive benefits, a collaborative culture, and opportunities to build strong relationships within the International and London Market business. Join us to be part of a team that prioritises innovation and excellence in the reinsurance sector.
Contact Details:
Allied World Assurance Company Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Reinsurance Marine in London
✨Network Like a Pro
Get out there and connect with industry professionals! Attend events, join online forums, and don’t be shy about reaching out to brokers or colleagues. Building relationships can open doors to opportunities that aren’t even advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your expertise in underwriting and pricing. Share specific examples of how you've successfully managed treaty submissions or built strong broker relationships. We want to see your skills in action!
✨Be Prepared for Interviews
Do your homework before any interview! Understand the company’s portfolio and recent trends in the reinsurance market. Prepare to discuss how your experience aligns with their needs, especially in marine reinsurance. Confidence is key!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our brand. Let’s get you on board!
We think you need these skills to ace Assistant Vice President - Reinsurance Marine in London
Some tips for your application 🫡
Show Off Your Experience:Make sure to highlight your 10+ years of reinsurance underwriting experience in your application. We want to see how your established expertise aligns with our needs, so don’t hold back on showcasing your portfolio lines and broker relationships!
Be Clear and Concise:Strong communication is key! When writing your application, keep it clear and to the point. Use straightforward language to explain your skills and experiences, especially around contract wording and actuarial pricing techniques.
Demonstrate Your Organisational Skills:We love detail-oriented candidates! In your application, mention how you stay organised and manage multiple tasks. Share examples that show your ability to work independently and solve problems effectively.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!
How to prepare for a job interview at Allied World Assurance Company
✨Know Your Underwriting Inside Out
Make sure you brush up on your underwriting knowledge, especially in reinsurance. Be ready to discuss your experience with treaty submissions and how you've successfully underwritten profitable business in the past.
✨Build Rapport with Brokers
Since this role involves meeting with key brokers, think about how you can demonstrate your ability to build relationships. Prepare examples of how you've generated new broker contacts and maintained existing ones.
✨Showcase Your Technical Skills
Be prepared to talk about your proficiency in MS Excel, Word, and PowerPoint. If you have experience with RMS or AIR, highlight that too! Consider bringing a portfolio of your work to showcase your skills.
✨Demonstrate Strong Communication Skills
This position requires excellent communication and writing skills. Practice articulating your thoughts clearly and concisely. You might even want to prepare a brief presentation on a relevant topic to show off your skills during the interview.
