At a Glance
- Tasks: Assess risks, price exposures, and manage client relationships in a dynamic underwriting role.
- Company: Join a collaborative and innovative insurance company that enables possibilities.
- Benefits: Competitive salary, professional development, and opportunities for mentorship.
- Why this job: Make a real impact by solving complex business problems with talented colleagues.
- Qualifications: University degree, professional certification, and extensive underwriting experience required.
- Other info: Great opportunity for career growth and leadership development in the London Market.
The predicted salary is between 60000 - 80000 £ per year.
With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable PossibilitySM.
Role purpose
Senior underwriting position within the PI team. Requires an experienced London Market underwriter in the PI class. Role will support the Line of Business Head in the marketing, underwriting and servicing of business.
Key Responsibilities
- Assessment of suitability of risks (renewals and new business), pricing exposures in accordance with approved rating model, discretionary pricing mechanisms, and general business unit guidelines.
- Identify the need for and evaluate additional risk assessment information including Underwriter Representatives' reports, actuarial and financial reports and statements; and any / all other publicly available information.
- Source input from, and work in conjunction with stakeholders in other departments including claims, actuarial, and operations.
- Maintain ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyse and interpret coverage, explain underwriting requirements and expectations, and present terms.
- Oversee risks through the life‐cycle of a policy: pre‐renewal, renewal, ongoing management. Provide best in class service to internal and external stakeholders.
- Perform marketing activities including maintenance of key producer and client relationships. Regularly meet with clients formally and informally. Keep up to date pertinent market developments.
- Implement ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.
- Support LOB Head in development and implementation of business planning, data analysis, management and Lloyd's reporting.
- Support LOB Head in development and mentoring of junior members of the underwriting team.
Role Requirements
Skills and Competencies
- Technical and analytical skills
- Client & broker relationship management
- Regulatory & compliance awareness
- Problem solving, negotiation & decision making
- Strong interpersonal and leadership skills demonstrating an ability to teach, influence and motivate others
- Strong written and verbal communication skills
Qualifications
- University degree and professional certification desired with suitable underwriting experience
- Knowledge and understanding of rating, coverage and regulations that cover the class of business.
Experience
- Extensive experience in an underwriting position in the London / Lloyd's Market.
- Demonstrated competence in maintaining broker/client relationships.
- Experience or demonstrated the aptitude to operate in a leadership / mentoring position within team structure.
Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert! Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch's Talent Acquisition team.
Senior Underwriter, Professional Liability in London employer: ARCH EUROPE INSURANCE SERVICES LTD
Contact Detail:
ARCH EUROPE INSURANCE SERVICES LTD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter, Professional Liability in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in underwriting or have ties to Arch. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of the London Market. Be ready to discuss how you've tackled complex risks in the past and how you can bring that expertise to Arch.
✨Tip Number 3
Show off your interpersonal skills! During interviews, highlight your ability to build relationships with clients and brokers. Share examples of how you've successfully managed these relationships in previous roles.
✨Tip Number 4
Don't forget to apply through our website! It's the best way to ensure your application gets noticed. Plus, you can set up job alerts to stay updated on new opportunities that match your skills.
We think you need these skills to ace Senior Underwriter, Professional Liability in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in the London Market and any specific achievements in professional liability underwriting. We want to see how you can bring your expertise to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills align with our company culture of collaboration and innovation. Let us know how you can help us enable possibility!
Showcase Your Analytical Skills: Since the role requires strong analytical skills, be sure to include examples of how you've assessed risks and made data-driven decisions in your previous roles. We love seeing candidates who can think critically and solve complex problems!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and submit your materials!
How to prepare for a job interview at ARCH EUROPE INSURANCE SERVICES LTD
✨Know Your Stuff
Make sure you brush up on your technical and analytical skills related to professional liability underwriting. Familiarise yourself with the latest market developments and regulations, as well as the specific rating models used in the London Market. This will show that you're not just experienced but also current.
✨Showcase Your Relationship Skills
Since client and broker relationship management is key, prepare examples of how you've successfully maintained these relationships in the past. Think about times when you’ve had to negotiate or problem-solve with clients or brokers, and be ready to discuss these experiences during the interview.
✨Demonstrate Leadership Potential
Even if you're not applying for a managerial role, highlight any mentoring or leadership experiences you've had. Discuss how you've influenced or motivated others in your team, as this aligns with the company's culture of collaboration and innovation.
✨Prepare Questions
Interviews are a two-way street, so come prepared with insightful questions about the company culture, team dynamics, and expectations for the Senior Underwriter role. This shows your genuine interest in the position and helps you assess if it's the right fit for you.