At a Glance
- Tasks: Lead the launch and growth of a new territory office in life sciences insurance.
- Company: Join W.R. Berkley Corporation, a Fortune 500 company with a culture of innovation.
- Benefits: Competitive salary, annual bonus, health benefits, and a robust 401(k) plan.
- Other info: Opportunity for travel and professional development in a dynamic team environment.
- Why this job: Make a real impact in the life sciences industry while developing your leadership skills.
- Qualifications: 8+ years of underwriting experience and strong communication skills required.
The predicted salary is between 59400 - 72600 £ per year.
W.R. Berkley Corporation is a Fortune 500 Company, listed on the New York Stock Exchange. The Company is made up of dedicated and passionate people committed to delivering the highest quality insurance products and services to specialized markets worldwide. Our culture is one of innovation, creativity and teamwork. Our team is highly motivated, passionate about our business, and deeply experienced in developing and delivering product and service solutions in the life science marketplace. You will join a highly respected team of experienced, successful professionals with deep expertise in this market as they build the company of the future. At Berkley Life Sciences, we insure the future of life science innovators today. We do so by serving as a preferred market for the life science industry around the globe, offering a broad range of sophisticated property & casualty products and services designed to meet our customers’ individualized needs.
This role, a key contributor within the Berkley Life Sciences organization, is responsible for developing and executing a strategic plan to build, launch and sustain a new territory office that supports the long-term profitable growth of all products within the assigned territory. This role serves as a strategic connector between US field underwriting teams, and the UK ensuring alignment, consistency, and momentum across the territories.
Specific Duties
- In strategic alliance with the President: Develop and execute a territory start-up plan, including broker engagement, compliance and underwriting protocols, client acquisition strategies, and brand awareness initiatives.
- Build foundational relationships with local brokers, agents, and industry stakeholders to accelerate market entry and drive early business results.
- Monitor and report on territory performance metrics (including growth, profit, retention, and new business), adjusting strategies to address challenges and capitalize on opportunities.
- Cycle management - devise strategies and protocols to grow profitably during all market cycles.
- Responsible for account solicitation, risk selection and analysis including the corresponding documentation, pricing and marketing of Berkley Life Sciences products and services for new and existing customers.
- Identify opportunities for account rounding.
- Provide technical support to producers and insureds.
- Stay current with all compliance, procedural and workflow changes.
- Work collaboratively and effectively with underwriting associate, operations, legal, home office underwriting and claims.
- Build and expand the underwriting team, fostering professional development and continuous learning to ensure sustained expertise and growth.
Technical Skills and Competencies
- Entrepreneurial Leadership
- Relationship & Personal Leadership
- Technical & Job Effectiveness
- Innovation and Initiative
Qualifications
- Education: Bachelor’s degree or equivalent experience.
- Minimum of 8 years of underwriting experience including products, property, workers compensation and automobile; Claims made experience a plus.
- Products Liability experience a plus.
- Exceptional oral and written communication skills. Your communication style is flexible to the situation. You communicate clearly and with a purpose.
- Calm under pressure. You have excellent organizational skills, integrity, and great follow-through on tasks. You are comfortable challenging norms while working collaboratively with colleagues at all levels of the organization.
- You have a strong sense of accountability, fun and adventure.
- You have a proven track record of building and maintaining strong business relationships with insureds, agents & brokers.
- A strong customer service bias. You want to get to yes. You are known for your super responsiveness. You can say no and preserve your relationships.
- Natural curiosity. You love learning how things work and you are always looking for innovative improvements.
- An analytical mind. You love to dive into the details of an account in order to craft pricing and coverage that meet underwriting guidelines, profitability models and customer needs.
- Ability to travel up to 50% of the time, including overnight travel.
The company offers a competitive compensation plan and robust benefits package for full time regular employees including: Competitive Base Salary, Eligible to participate in annual discretionary bonus, Benefits include: Health, dental, vision, life, disability, wellness, paid time off, 401(k) and profit-sharing plans.
London Territory Manager employer: Berkley
As a Senior Underwriter in the London Market Professional Indemnity Team, you will thrive in a dynamic and collaborative environment that values high performance and innovation. Our company fosters a culture of inclusivity and personal development, offering extensive training opportunities and a clear pathway for career advancement. With a strong focus on employee well-being and a commitment to excellence, we provide a rewarding workplace where your contributions directly impact our success in the global market.
StudySmarter Expert Advice🤫
We think this is how you could land London Territory Manager
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Berkley). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Berkley. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace London Territory Manager
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Berkley.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Berkley. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Berkley
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Berkley to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Berkley, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Berkley's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
