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- Tasks: Manage and grow the Political Violence and Crisis Management delegated authority book.
- Company: Chaucer, a leading insurance group at Lloyd’s with a global presence.
- Benefits: Diverse workplace, flexible working arrangements, and opportunities for professional growth.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: 4+ years in Lloyd's insurance, ACII qualified or working towards it.
- Other info: Collaborative environment with a focus on diversity and inclusion.
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.
- Adhoc DA projects to support the DA CoE.
- Assist in the continuous assessment of rating and benchmarking models for DA business.
Our requirements
Relevant experience
- 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.
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. Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Deputy Class Underwriter -Political Violence employer: Chaucer
Contact Detail:
Chaucer Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Class Underwriter -Political Violence
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially those in the Political Violence and Crisis Management space. Attend events, join relevant groups on LinkedIn, and don’t be shy to reach out for informational chats.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research Chaucer and understand their approach to Political Violence underwriting. Be ready to discuss how your experience aligns with their needs and how you can contribute to growing their DA book.
✨Tip Number 3
Showcase your skills! Bring along examples of your previous work, especially any successful projects related to underwriting or managing DA business. This will help demonstrate your expertise and how you can add value to the team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining Chaucer and being part of our diverse and dynamic team.
We think you need these skills to ace Deputy Class Underwriter -Political Violence
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your relevant experience in Political Violence and Crisis Management. We want to see how your skills align with the specific requirements of the Deputy Class Underwriter role.
Showcase Your Technical Skills: Don’t forget to mention your proficiency in MS Office and any relevant insurance platforms like PPL and Whitespace. We’re looking for someone who can hit the ground running, so let us know what tools you’re comfortable using!
Highlight Your Interpersonal Skills: Since this role involves liaising with brokers and clients, it’s essential to demonstrate your excellent communication and interpersonal skills. Share examples of how you've built relationships in previous roles to show us you can thrive in our team.
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Chaucer!
How to prepare for a job interview at Chaucer
✨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 outlined in the job description. This will not only help you answer questions confidently but also show that you're genuinely interested in the role.
✨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 clients. Highlight any successful projects or initiatives you've led that align with the responsibilities of the Deputy Class Underwriter.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about the company's approach to underwriting, their growth strategies, or how they foster relationships with brokers. This shows that you're engaged and have a genuine interest in contributing to their success.
✨Demonstrate Team Spirit
Since collaboration is key in this role, be prepared to discuss how you've worked effectively within a team. Share examples of how you've liaised with different departments or supported colleagues in achieving common goals. This will highlight your interpersonal skills and adaptability in a pressured environment.