At a Glance
- Tasks: Manage and grow the Political Violence and Crisis Management delegated authority book.
- Company: Join Chaucer, a leading insurance group at Lloyd's with a global presence.
- Benefits: Competitive salary, professional development, and opportunities for international travel.
- Other info: Collaborative team culture with excellent growth opportunities.
- Why this job: Make a real impact in a dynamic insurance environment while developing your career.
- Qualifications: 4+ years in Lloyd's insurance, ACII qualified or working towards it.
The predicted salary is between 60000 - 80000 € per year.
To manage, underwrite and grow (profitably) 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.
Main duties
- 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.
- Ad hoc DA projects to support the DA CoE.
- Assist in the continuous assessment of rating and benchmarking models for DA business.
Our requirements
Relevant experience
- Essential
- 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
- Essential
- 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
- Essential
- 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.
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Deputy Class Underwriter - Political Violence - Chaucer Group in London employer: Chaucer Group
Chaucer Group is an exceptional employer, offering a dynamic work environment in the heart of London, where you can thrive in the fast-paced world of Political Violence and Crisis Management underwriting. With a strong emphasis on professional development, employees benefit from comprehensive training opportunities, a collaborative culture, and the chance to engage with global clients, making it a rewarding place for those seeking meaningful career growth in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Class Underwriter - Political Violence - Chaucer Group in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance industry, especially those familiar with Political Violence and Crisis Management. A friendly chat can lead to opportunities that aren’t even advertised.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss MRC slip standards and contract certainty requirements confidently. We want you to shine when it comes to showcasing your expertise!
✨Tip Number 3
Don’t just apply; engage! When you submit your application through our website, follow up with a quick email or LinkedIn message to express your enthusiasm. It shows initiative and keeps you on their radar.
✨Tip Number 4
Stay updated on market trends and developments in the Lloyd’s insurance environment. Being knowledgeable about current events can give you an edge in discussions and interviews, making you a standout candidate.
We think you need these skills to ace Deputy Class Underwriter - Political Violence - Chaucer Group in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Deputy Class Underwriter role. Highlight your relevant experience in Political Violence and Crisis Management, and don’t forget to showcase your knowledge of the Lloyd's insurance environment.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role at Chaucer. Mention specific skills and experiences that align with the job description, and show us your passion for the industry.
Showcase Your Technical Skills:We want to see your technical prowess! Make sure to highlight your experience with MS Office, especially Excel, and any relevant insurance platforms like PPL and Whitespace. This will help us understand how you can hit the ground running.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining the Chaucer team!
How to prepare for a job interview at Chaucer Group
✨Know Your Stuff
Make sure you brush up on your knowledge of Political Violence and Crisis Management. Understand the key concepts, market standards, and the specific responsibilities of the Deputy Class Underwriter role. This will help you answer questions confidently and show that you're genuinely interested in the position.
✨Showcase Your Experience
Prepare to discuss your relevant experience in the Lloyd's insurance environment. Be ready to share specific examples of how you've managed a Delegated Authority book or worked with brokers and coverholders. This will demonstrate your capability and fit for the role.
✨Ask Smart Questions
Come prepared with insightful questions about Chaucer Group and the Political Violence division. Inquire about their current challenges, growth opportunities, or how they measure success in the DA business. This shows your enthusiasm and helps you gauge if the company is the right fit for you.
✨Be Professional Yet Approachable
While it's important to maintain a professional outlook, don't forget to let your personality shine through. Good interpersonal skills are essential for this role, so be friendly and engaging during the interview. This will help you build rapport with the interviewers and leave a positive impression.
