Deputy Class 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.

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.