Delegated Authority Underwriter -Political Violence in London

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.

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 new and renewal relationships, including slip analyses, rating/benchmark analysis and premium monitoring.
• Monitor and oversee Delegated Authority business, 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, onboarding in line with Chaucer’s DA Framework.
• Travel to support growth and robust oversight of the division’s DA book, including recording meetings in the meeting capture app.
• Build tools to aid 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 and build 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.
• Be responsible 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.
• Contribute to ad‑hoc 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 Lloyd’s insurance environment.
• Relevant experience in PV Insurance and knowledge of the London and Lloyd’s markets.
• Experience managing a DA book of business.
• Strong technical skills: MS Office (Excel, PowerPoint, Word), PPL and Whitespace platforms.
• 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.
• ACII qualified or working towards achieving ACII.

Education & Experience

• ACII qualification or progressing towards it.
• Clinical experience in PV and crisis management policy underwriting.

Personal Skills

• Professional outlook and flexibility at all times.
• Very good interpersonal skills and excellent organisational abilities.
• Excellent communication skills with the ability to liaise at all levels.
• Team player, adaptable to a pressured environment, and self‑motivated.

EEO Statement

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics as outlined in the Equality Act 2010 (UK legislation) and the Equal Treatment Directive 2006 (EU legislation). We recruit from the widest available pool of talent and ensure our hiring, assessment and selection processes are fair, free from bias and based on merit.