At a Glance
- Tasks: Join our Marine Hull and War team to provide innovative underwriting solutions.
- Company: Beazley, a leading FTSE 100 specialist insurance company.
- Benefits: Competitive salary, private medical insurance, and generous leave policies.
- Why this job: Make a real impact in a dynamic environment while advancing your career.
- Qualifications: Graduate-level education and experience in marine insurance underwriting.
- Other info: Flexible working culture with a focus on collaboration and personal growth.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Join Beazley as an Underwriter in our Marine Hull and War team! This is an outstanding opportunity to become a key player in our Hull and War Team, where you will apply your expertise to provide innovative underwriting solutions. Your role will be pivotal in improving our market reputation and delivering outstanding service to our clients.
Who We Are
Beazley is a FTSE 100 specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer. Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.
Key Responsibilities
- Develop and underwrite a profitable portfolio of Hull and War business within the Hull and War group.
- Structure solutions by considering team underwriting parameters and policies.
- Use underwriting knowledge and experience to win new business and retain existing clients.
- Monitor premiums, costs, and claims ratios per contract, taking corrective measures if necessary to ensure long‑term profitability at the account level.
- Evaluate risk premiums by considering risk costs, reinsurance cessions, capital exposure, and general administration costs, using applicable rating models.
- Coordinate peer underwriters' activities to ensure profitability and efficient, cost‑effective administration of the Hull and War account.
- Supervise assistants to ensure compliance with underwriting philosophy and policy, maintaining consistency within the team.
- Adhere to Beazley's underwriting control standards for business written through Lloyd's or Beazley's internal MGAs.
- Champion a collaborative relationship with the claims managers on this class of business.
- Produce business plans and research documents for the M&A account as needed.
About You
Essential Criteria
- Minimum graduate‑level education
- Proven experience underwriting marine insurance
Desirable Criteria
- Accurate and numerate.
- Proficient with MS Office, advanced Excel skills.
- Strong analytical skills with keen attention to detail.
- Effective communicator, both verbally and in writing.
- Excellent time management skills, capable of prioritising tasks.
- General commercial and financial knowledge.
The Rewards
- The opportunity to connect and build long‑lasting professional relationships while advancing your career with a growing, global organisation.
- Attractive base compensation and discretionary performance related annual bonus.
- Private medical insurance coverage for both you and your dependents.
- Company paid life assurance and long term disability insurance.
- Pension with 10% employer contribution, plus a further matched contribution up to 2.5%.
- 25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval.
- Additional annual leave purchase is also available up to a maximum of five additional days per year.
- Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually.
- Up to ÂŁ550 reimbursement towards home office setup.
- Free in‑office lunch and monthly lifestyle allowance.
- Monthly travel allowance or annual season ticket.
- The opportunity to save for, and purchase, shares of Beazley stock.
- Six months fully paid parental leave, regardless of how you come to parenthood.
- Company paid sabbatical up to 12 weeks after 10 years of continued service.
- Support with exam/study leave and fees for relevant qualifications related to furthering education.
- Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business.
Our Culture
We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,500 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our inclusive, family‑feel culture at Beazley that empowers our staff in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values guide how we work, support each other, and deliver outcomes for our clients:
- Be Bold
- Strive for Better
- Do the Right Thing
Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us – our ambitious inclusion & diversity and sustainability targets are testament to this. Our people are at the heart of everything we do. We’re committed to helping them grow through meaningful learning, inclusive development, and innovation. We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.
Underwriter - Hull & War employer: Beazley Management Limited
Contact Detail:
Beazley Management Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Hull & War
✨Tip Number 1
Network like a pro! Reach out to people in the marine insurance industry, especially those at Beazley. A friendly chat can open doors and give you insights that might just help you stand out.
✨Tip Number 2
Prepare for interviews by brushing up on your underwriting knowledge. Be ready to discuss how you can apply your expertise to improve Beazley's market reputation and deliver top-notch service.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've evaluated risk premiums or structured solutions in past roles. This will demonstrate your fit for the Hull and War team.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining Beazley.
We think you need these skills to ace Underwriter - Hull & War
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Underwriter role. Highlight your marine insurance experience and how it aligns with Beazley’s mission. We want to see how you can bring your unique skills to our Hull and War team!
Show Off Your Skills: Don’t hold back on showcasing your analytical skills and attention to detail. Use specific examples from your past experiences that demonstrate your ability to evaluate risk premiums and manage a profitable portfolio. We love seeing real-life applications of your expertise!
Be Clear and Concise: When writing your application, keep it clear and to the point. Avoid jargon unless it’s relevant to the role. We appreciate straightforward communication, so make sure your passion for underwriting shines through without unnecessary fluff!
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 this exciting opportunity. Plus, it shows you’re keen on joining our team at Beazley!
How to prepare for a job interview at Beazley Management Limited
✨Know Your Underwriting Stuff
Make sure you brush up on your marine insurance knowledge before the interview. Beazley is looking for someone who can demonstrate a solid understanding of underwriting principles, especially in Hull and War. Prepare to discuss specific cases or experiences where you've successfully evaluated risks or structured solutions.
✨Show Off Your Analytical Skills
Since strong analytical skills are essential for this role, be ready to showcase how you've used data to make informed decisions in past positions. Bring examples of how you've monitored premiums, costs, and claims ratios, and be prepared to explain your thought process behind those decisions.
✨Communicate Clearly
Effective communication is key in this role, so practice articulating your thoughts clearly and concisely. Whether it's discussing your previous experience or explaining complex underwriting concepts, being able to communicate well will set you apart. Consider doing mock interviews with a friend to refine your delivery.
✨Embrace Collaboration
Beazley values teamwork, so highlight your ability to work collaboratively with others. Think of examples where you've coordinated with peers or managed relationships with claims managers. Showing that you can champion a collaborative environment will resonate well with the interviewers.