Delegated Authority Underwriter -Political Violence

To manage, underwrite and grow the Political Violence and Crisis Management delegated authority (DA) book. To take responsibility for all DA business within the Political Violence and Crisis Management from a business planning, production and oversight perspective.

Responsibilities

• Support the Head of Political Violence (PV) in writing a profitable PV and CM Delegated Authority book, including binders, lineslips, broker facilities, Fac Reporters and Treaties.
• Take responsibility for all DA business in the division.
• Review of new and renewal relationships, including but not limited to, slip analyses, rating/benchmark analysis and premium monitoring.
• Take responsibility for the monitoring and oversight of Delegated Authority business, including referring binders to DA Operations and completing Referral templates.
• Support the production of a business plan for review and agreement by management.
• Input into the monthly and quarterly forecasting process.
• Underwrite in accordance with underwriting authority and the business plan.
• Seek out new DA business opportunities through liaison with brokers and clients, on-boarding in line with Chaucer's DA Framework.
• Travel to support growth and robust oversight of the divisions DA book, including recording meetings in meeting capture app.
• Build tools to aid the monitoring of all DA business from a controls, oversight, governance and underwriting perspective.
• Work with the DA CoE to implement mid-year DA reviews.
• Be proactive in the management (underwriting and oversight) of all DA business written by the division.
• Look to cross-sell other products with PV/CM coverholders as well as building out our PV offering via Property, Casualty, Marine and Cyber coverholders.
• Carry out underwriting file reviews on each DA relationship and work with the DA Oversight team following the external audit of coverholders.
• Liaise with brokers, coverholders and reinsurers and develop good working relationships.
• Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial etc.
• Use market, industry and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and PV in general.
• Responsibility for the accuracy and upkeep of all DA KPIs, working closely with the UW Operations team.
• Prepare reports and statistical information as required by senior management.
• Adhoc DA projects to support the DA CoE.
• Assist in the continuous assessment of rating and benchmarking models for DA business.

Requirements

• Minimum of 4 years working within the Lloyds insurance environment.
• Relevant experience in PV Insurance, knowledge of the London and Lloyd's markets and experience managing a DA book of business.
• Technical skills: MS Office - including Excel, PowerPoint & Word. Relevant insurance platform experience - PPL & Whitespace. A detailed understanding of fundamental insurance/reinsurance concepts, MRC slip standards, contract certainty requirements, market standard model clauses (NMA, LMA, LSW model endorsements & exclusions), and class-specific terms and conditions.
• Education & Experience: ACII qualified or working towards achieving.
• Personal skills: Professional outlook, flexible at all times, very good interpersonal skills, excellent organisational skills, excellent communication skills with the ability to liaise at all levels, work as part of a team, adapt to a pressured environment, self-motivated.

Why Join Chaucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are. We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.

We offer:

• A flexible hybrid work model that supports individual and team needs.
• A diverse, inclusive culture that values people for who they are.
• Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.