Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our Hull and War team to underwrite and manage a profitable portfolio.
- Company: Beazley is a leading insurance company known for its innovative solutions and strong market reputation.
- Benefits: Enjoy a collaborative culture, professional development opportunities, and a commitment to ethical practices.
- Why this job: Make an impact in the insurance industry while working with a dynamic team and building valuable skills.
- Qualifications: A minimum graduate level education with strong analytical and communication skills is required.
- Other info: Embrace Beazley's core values: Being Bold, Striving for Better, and Doing the Right Thing.
The predicted salary is between 36000 - 60000 £ per year.
General
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.
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 £550 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
Don\’t meet all the requirements? At Beazley, we\’re committed to building a diverse, inclusive, and authentic workplace. If you\’re excited about this role but your experience doesn\’t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.
#J-18808-Ljbffr
Underwriter - Hull & War employer: Beazley
Contact Detail:
Beazley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Hull & War
✨Tip Number 1
Familiarise yourself with the Hull and War insurance market. Understanding current trends, key players, and recent developments will help you engage in meaningful conversations during interviews and demonstrate your passion for the field.
✨Tip Number 2
Network with professionals in the underwriting sector. Attend industry events or join relevant online forums to connect with brokers and underwriters. Building these relationships can provide valuable insights and potentially lead to job referrals.
✨Tip Number 3
Brush up on your analytical skills and Excel proficiency. Since the role requires strong analytical abilities and advanced Excel skills, consider taking online courses or tutorials to enhance these skills before your interview.
✨Tip Number 4
Prepare to discuss your approach to risk assessment and decision-making. Be ready to share examples of how you've successfully evaluated risks in previous roles, as this will showcase your expertise and fit for the Underwriter position.
We think you need these skills to ace Underwriter - Hull & War
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Underwriter - Hull & War position. Familiarise yourself with the key tasks such as underwriting, risk evaluation, and compliance with Beazley’s standards.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise your proficiency in underwriting, analytical skills, and any experience you have in the Hull and War sector.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the industry. Mention specific examples of how your background and skills make you a great fit for the Hull and War team at Beazley.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial for an underwriter.
How to prepare for a job interview at Beazley
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially in Hull and War. Be prepared to discuss how you would structure tailor-made solutions and evaluate risk premiums. This will show that you understand the core responsibilities of the role.
✨Demonstrate Analytical Skills
Since strong analytical skills are crucial for this position, be ready to provide examples of how you've used these skills in past roles. Discuss any experience you have with monitoring premiums, costs, and claims ratios, as well as how you’ve taken corrective measures to ensure profitability.
✨Emphasise Teamwork and Communication
Highlight your ability to work collaboratively with brokers, claims staff, and other underwriters. Share specific instances where effective communication led to successful outcomes, as this aligns with Beazley’s core values of teamwork and doing the right thing.
✨Showcase Your Ethical Standards
Be prepared to discuss how you uphold business ethics and ensure fair outcomes for customers. This is particularly important for Beazley, so share examples of how you've navigated ethical dilemmas in your previous roles.