Weather Underwriter

In a world of constant change, you need an insurer who has stood the test of time. Our reputation is built on consistency, expertise, and a client-first approach. We manage Syndicate 609, one of the oldest syndicates at Lloyd’s, with a history going back to the 1930s. Our longevity reflects the strength of our underwriting discipline, the depth of our relationships, and our ability to adapt to the evolving needs of our clients and the wider insurance marketplace.

We are committed to creating an environment where people learn, grow, and follow what they’re passionate about. Our culture encourages staff to feel confident in making decisions at any stage of their career and do work that makes them proud, knowing they’re playing a valuable role in shaping the success of the business.

Role

We have an exciting new opportunity for an Underwriter to be an integral member of the US-domiciled Weather team, acting as an underwriter and point of contact for internal and external stakeholders in the UK.

Description

• Collaborating with the Weather Team and Actuarial Pricing Team to design and price bespoke parametric products – specifically conventional, custom and convergence non-cat weather structures.
• New and renewal underwriting (review, analysis, and negotiation).
• Collaborating with the Weather Team to analyse probability and intensity of triggering events to set premiums, focusing on data-driven, non-traditional underwriting methods.
• Collaborate with actuaries to develop underwriting standards and criteria.
• Contribute to loss mitigation and portfolio optimisation efforts.
• Maintain underwriting databases and ensure data integrity.

Distribution

• Build and maintain relationships with clients and brokers and other key stakeholders / partners / intermediaries.
• Contribute to strategy development and execution.
• Contribute to portfolio management of the account.
• Ongoing updating portfolio on risk, tracking the impact of elapsed weather on remaining exposures. Regular communication with on-risk parametric performance to internal stakeholders.

Controls

• Creating, reviewing and monitoring controls in own area of responsibility that interact with the financial reporting process or relate to the provision of data that is used in that process.
• Work with other internal stakeholders to ensure the products and portfolio meet all applicable regulatory compliance.

Required Skills

• Previous experience as an Underwriter in the London market.
• Bachelor’s degree in a quantitative field (e.g., Computer Science, Data Analytics, Mathematics).
• A strong commercial understanding of underwriting. Able to assimilate into strategic discussions around the structuring and management of portfolios.
• High attention to detail and problem-solving abilities.
• Ability to interpret complex data and draw accurate conclusions.
• Proficiency in Python, R, Excel or other coding language(s) for data modelling.

Atrium offers all permanent employees the chance to work flexibly through our charter for flexible working - we actively invite applications from candidates requiring any form of flexible working arrangements. Atrium is an Equal Opportunities employer with a strong and passionate commitment to Diversity, Equity, and Inclusion. Atrium actively invites applications from candidates requiring any form of flexible working arrangements. We do not discriminate based upon age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation, or any other applicable legally protected characteristic. We’re committed to providing reasonable adjustments or accommodations for applicants, so if you need assistance or support during the recruitment process, please get in touch.