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 and within delegated underwriting authority with the purpose of underwriting a profitable account on behalf of Aspen in the UK and Aspen Values demonstrated in the delivery and performance.
Key accountabilities
Strategy and Planning
- Contribute to the development/ strategy of the business plan for the portfolio and ensure delivery of the plan
- Awareness of and contribution to the delivery of the business plan, making decisions as appropriate
- Contribute and participate in all meetings, in order to share and develop strategy, knowledge and best practice
- Positively promote the department, division and company as a whole, in order to maximize brand leverage
- Apply the reinsurance strategy in order to safeguard the portfolio
Policy, Process and Procedures
- Perform complex underwriting activities in accordance with all legal and regulatory requirements to ensure obligations are met
- Adhere to underwriting standards, instructions and good practice to minimize risk and maximize efficiency
- Ensure the recording and measurement of reinsurance risks, including DUA’s where relevant, to ensure accuracy and good practice, developing or modifying policy wordings as appropriate
- Apply any reinsurance requirements to minimise risk and to deliver business plan objectives
- Adhere to current re-insurance regulations and Lloyds legislative framework where applicable
Environmental Awareness/Customer Focus
- Act as a technical expert to support the identification of issues and opportunities within area of expertise
- Establish, develop and strengthen relationships with stakeholders including customers, brokers, business partners and colleagues, to maximize influence and achieve business objectives
- Demonstrate support for market associations and trade bodies
- Demonstrate understanding and awareness of market dynamics and market cycle to drive and enhance business performance
Skills & experience
Knowledge And Experience
- Extensive knowledge of relevant market conditions for specific class/portfolio
- Thorough knowledge of underwriting strategy and how this translates into targets and delivery
- Good knowledge of Reinsurance and Expected Profitability Analysis (EPA) requirements
- Strong understanding of the reinsurance strategy affecting portfolio
- Good knowledge of relevant underwriting systems
- Strong knowledge of legal and regulatory requirements (specific reference to PRA, FCA, and Lloyds regulations)
- Strong knowledge of underwriting process and procedures
- In depth experience of working in an underwriting environment within a specialised/complex underwriting area
- Specific professional qualifications (CII)
- Qualified within own professional discipline, with significant post-qualification work experience within class of business
- Experienced in the use of risk profiling and pricing tools and loss models
- Strong established customer/broker relationships
- Experience of managing underwriting individuals/teams
- Experienced in the analysis of multinational business with relevant reinsurance and XS of loss experience preferred
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.
Senior 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.
