At a Glance
- Tasks: Underwrite marine liabilities and manage a diverse portfolio for global clients.
- Company: Join a leading insurance firm with a strong market presence in marine liabilities.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Collaborative environment with a focus on innovation and continuous improvement.
- Why this job: Make an impact in the marine insurance sector while working with industry experts.
- Qualifications: Experience in marine liability insurance and strong analytical skills required.
The predicted salary is between 60000 - 75000 £ per year.
The Marine team is currently writing business across most Marine classes including Liabilities, Ports and Terminals, War, Hull and Cargo. We are looking for an experienced Underwriter to join the Marine team in London, with a specific focus on Marine Liabilities. The portfolio will include a broad spectrum of liability exposures across marine and offshore sectors, written on both a primary and excess basis for a global client base including shipowners, operators, offshore contractors and associated marine industries.
The successful candidate will play a key role in the execution of the Marine underwriting strategy, contributing to profitable growth, portfolio optimisation, and strengthening Canopius’ market position in marine liabilities. You will operate with a level of underwriting authority, demonstrating disciplined risk selection, technical pricing expertise, and strong broker and client engagement, whilst contributing to the wider success of the Marine platform.
Key Responsibilities
- Support the Head of Marine Underwriting in executing the Marine Liabilities underwriting strategy aligned to business plan, risk appetite, and return targets.
- Underwrite new and renewal marine liability risks within authority, ensuring disciplined risk selection and pricing adequacy.
- Drive profitable growth through portfolio management, cycle awareness, and proactive identification of high-quality opportunities.
- Assist with portfolio performance monitoring, optimisation, and remediation where required.
- Build and maintain strong broker and client relationships to enhance Canopius’ market profile and access to business.
- Demonstrate technical expertise across marine liability classes, including coverage structuring and wordings negotiation.
- Collaborate closely with actuarial, claims, exposure management and reinsurance teams to inform underwriting decisions and portfolio strategy.
- Ensure compliance with regulatory requirements, internal controls, and underwriting governance standards.
- Analyse portfolio performance, producing insight-led reporting to support decision-making.
- Contribute to innovation and continuous improvement, challenging existing approaches where appropriate.
- Support and mentor junior team members, contributing to capability development within the Marine team.
- Maintain strong internal relationships across underwriting platforms and international offices to ensure consistency and knowledge sharing.
- Represent Canopius in the market, including broker meetings, industry events, and client engagement.
- Maintain up-to-date market knowledge, including emerging risks, legal developments, and competitor activity.
Skills and experience:
- Significant experience within Marine Liability insurance, ideally within the Lloyd’s or London Market.
- Strong technical capability in risk assessment, pricing, and policy structuring.
- Established broker relationships and credible market presence.
- Strong analytical skills with the ability to interpret data and portfolio performance metrics.
- Excellent communication and negotiation skills (written and verbal).
- Commercial mindset with a focus on delivering sustainable profitability.
- High attention to detail and strong organisational capability.
- Collaborative approach with the ability to influence stakeholders across functions.
Competencies:
- Stakeholder engagement: Cultivates and maintains positive relationships with relevant internal or external stakeholders, effectively involving and communicating with them to drive collaboration, support, and alignment towards shared goals.
- Collaboration and teamwork: Works effectively with team, project or other work groups or those outside formal line of authority to accomplish goals.
- Adapting to change: Adjusts thoughts, feelings, and behaviours to handle new, challenging, or complex situations; embracing change as a growth opportunity.
- Continuous Improvement: Analyses current and future state business requirements and identifies strategies to continuously improve products, services or processes.
- Innovation: Creates, develops and implements new ideas to enhance new or improved processes, systems, solutions, products or services.
- Resilience: The ability to cope with and recover from setbacks, challenges or difficulty.
- Future Focused: Anticipates changes in regulations, technology and client needs, proactively responding to key trends happening in the industry.
Underwriter - Marine Liabilities in London employer: Canopius
Canopius is an excellent employer that fosters a collaborative and innovative work culture, where data governance plays a crucial role in driving the organisation's success. Employees benefit from ongoing professional development opportunities and a supportive environment that encourages growth and learning, particularly in the dynamic insurance sector. Located in a vibrant area, Canopius offers unique advantages such as flexible working arrangements and a commitment to employee well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Marine Liabilities in London
✨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 Canopius). 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 Canopius. 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 Underwriter - Marine Liabilities in London
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 Canopius.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Canopius. 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 Canopius
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Canopius 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 Canopius, 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 Canopius'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.
