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- Tasks: Underwrite international business and provide expert advice in a dynamic team.
- Company: Beazley, a leading insurance firm with a strong market reputation.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunities for career growth and networking within the industry.
- Why this job: Join a forward-thinking team and make a real impact in the insurance industry.
- Qualifications: Experience in underwriting and strong analytical skills required.
The predicted salary is between 55000 - 65000 £ per year.
Division: Specialty Lines
Reports To: As per Beazley’s organisation chart
Key Relationships: Brokers, Underwriters, Claims staff, Coverholders, external Clients and Suppliers
Job Summary: To underwrite an International Delegated account within the Specialty Lines team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.
Key Responsibilities
- Underwriting: Develop and underwrite a profitable portfolio of International Delegated business as part of the Specialty Lines team. Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing. Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level. Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable. Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the International account. Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Lines. Comply with Beazley’s underwriting control standards for business written through Lloyd’s or Beazley’s internal MGAs. Develop a good working relationship with the claims managers on this class of business.
- Client Management: Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction. Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs. Maintenance of good business relationships with brokers. Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.
- General: Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley. Develop best practice and disseminate business and class knowledge within the International Delegated and Specialty Lines team. Work with peers within International Delegated and Specialty Lines teams to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities. Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group. Production of presentations and marketing literature as required. Production of business plans/research documents for the International Delegated account as required.
Personal Specification
Essential Criteria: Demonstrable Underwriting experience, with authority Portfolio management skills - experienced with Delegated Binders business
Education and Qualifications: Minimum graduate level education
Skills and Abilities: Proficient underwriting skills, Accurate and numerate, Computer skills – good working knowledge of MS Office, advanced Excel skills, Strong analytical skills with attention to detail, Able to communicate effectively with others, both verbally and in writing, Ability to manage time, meet deadlines and prioritise, Ideally European language(s) in addition to English
Knowledge and Experience: General commercial and financial knowledge, Experience in insurance industry, Experience of international professional indemnity underwriting, Thorough knowledge of underwriting policy, philosophy and practice, Advanced knowledge of underwriting processes and systems, Client service experience
Aptitude and Disposition: Result focused, self-motivated, flexible and enthusiastic, Professional approach to interact successfully with managers/colleagues/external suppliers, Team worker as well as able to work on own initiative, Customer focused, with a strong ethic of service and fairness to the customer
Competencies: Achievement drive, Analytical thinking, Strategic thinking, Service focus, Team working, Forward thinking, Conceptual thinking
Underwriter - International Specialty Programmes employer: Beazley Management Limited
Contact Detail:
Beazley Management Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - International Specialty Programmes
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant online groups. The more people you know, the better your chances of landing that underwriter role.
✨Tip Number 2
Practice your pitch! Be ready to explain your underwriting experience and how it aligns with the needs of the International Specialty Programmes. A confident and clear pitch can make all the difference in interviews.
✨Tip Number 3
Showcase your analytical skills! Prepare examples of how you've successfully managed portfolios or tackled complex underwriting challenges. This will demonstrate your expertise and problem-solving abilities.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Underwriter - International Specialty Programmes
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Underwriter role. Highlight your underwriting experience and portfolio management skills, as these are key for us at StudySmarter.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our Specialty Lines team. Be specific about your achievements and how they relate to the job.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, make sure to include examples of how you've used these in past roles. We want to see how you approach problem-solving and decision-making in underwriting.
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 don’t miss out on any important updates from us!
How to prepare for a job interview at Beazley Management Limited
✨Know Your Underwriting Stuff
Make sure you brush up on your underwriting knowledge, especially around international delegated business. Be prepared to discuss specific examples from your experience that demonstrate your ability to manage portfolios and evaluate risk premiums.
✨Showcase Your Client Management Skills
Think of instances where you've successfully built relationships with clients or brokers. Be ready to share how you’ve advised clients on insurance matters and how you’ve ensured their satisfaction, as this is key for the role.
✨Demonstrate Analytical Prowess
Prepare to talk about your analytical skills and attention to detail. You might be asked to evaluate a hypothetical risk scenario, so practice explaining your thought process clearly and logically.
✨Be a Team Player
Since the role involves working closely with peers and assistants, think of examples that highlight your teamwork abilities. Discuss how you’ve collaborated in the past to achieve common goals and how you can contribute to the Specialty Lines team.