About us
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.
The role
To underwrite business in accordance with the business plan with the purpose of underwriting a profitable account on behalf of Aspen in the UK
Key accountabilities
- To assist with the portfolio underwriting and development of International Financial & Professional Lines (excluding Cyber) programme’s business. Programmes include lineslips, binding authorities and consortiums only.
- Renew and underwrite new business opportunities within programmes business.
- Manage the internal Aspen relationship with Coverholders to develop their business in line with Aspen’s own guidelines and principles.
- Co-ordinate internally with DUA, compliance, actuarial, claims and any other in-house departments for any sign offs needed prior to submitting to DUA committee.
- Discuss existing programme’s business with heads of teams within International Financial & Professional Lines.
- Liaison between programmes business and heads of lines business which individual programmes cover, gaining sign-off where required.
- Point of contact for existing Coverholders/Consortiums or other programmes falling into this division/unit.
- To be aware of and to comply with the FCA Principles.
- To review, negotiate and discuss with Head of Commercial D&O risks on behalf of the Company.
- To ensure all business is thoroughly evaluated by peer review and that risks written adhere to the Company’s Underwriting Standards and individual authority limits.
- To support and develop new business in line with the divisional business plan.
- To assist in the selection and review ongoing performance of outsourced risk management and survey services.
- To develop relationships with brokers and clients including visits and travel where necessary.
- To effectively use Subscribe (in house database) e.g. data input, interrogation of data, report generation.
- Develop and modify policy wordings.
- Support market associations and trade bodies.
Skills & experience
- Completion/progression to ACII qualification (or Business Specific Certification).
- Negotiating, verbal and written communications, numerical reasoning, report writing, analytical skills.
Other
We're committed to making Aspen a great place to work, where you're rewarded and recognised for your efforts. As well as your pay and discretionary performance related bonus, you'll also enjoy a huge range of benefits. There are plenty of options available with our exciting benefits package, designed for your health, your family and to help ensure that you enjoy the most from your lifestyle.
Programmes Underwriter in London employer: Aspen Insurance
Aspen is an exceptional employer that fosters a dynamic and inclusive work environment, where respect, honesty, trust, and professionalism are at the core of our values. As an Actuary in our UK Actuarial Function, you will have the opportunity to engage in meaningful projects, develop your skills, and collaborate with talented colleagues while being rewarded for your achievements. Our commitment to employee growth and a supportive culture makes Aspen a fantastic place to advance your career in the insurance industry.
