Regional Trading Underwriter in London

ERS Syndicate 218 at Lloyds is managed by Starr. We are the UK’s largest specialist motor insurer with an A+ rating and have been making motoring passions and livelihoods possible since 1946. We work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.

Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

Role Purpose

The Regional Trading Underwriter's primary responsibilities are for the execution of our underwriting strategy and underwriting appetite, and materially contributing to the achievement of our short and medium term financial plans. The role is responsible for driving the performance of a selected number of brokers' portfolios often located in the broker’s office to extract the budgeted revenue whilst meeting our budgeted loss ratios. This is achieved through superior underwriting and pricing skill and honed negotiation skills.

Key responsibilities include:

• Work with the head of segment to define and agree the Regional Underwriting business model and execute this in line with plan to ensure that maximum value is extracted from the region and broker panel.
• Identify a panel of brokers to support our business model and ensure optimum coverage for the region.
• Underwrite a range of complex, unusual and non-standard risks in accordance within our stated underwriting appetite.
• Meet or exceed our financial plans for the individual broker panel and find new opportunities to deliver profitable growth.
• Establish a firm reputation for being the ‘go to’ Underwriter for your region/brokers.
• Provide input to the development of the underwriting strategy for our product(s) based on your market knowledge and product expertise.
• Contribute to the management of portfolio performance through the analysis of results and execution of our selection and pricing strategies.
• Provide feedback to Product Managers and to members of our Pricing team relating to the effectiveness of our risk pricing models.
• Work closely with all areas of the business to ensure that we deliver a clear and seamless set of propositions to the market.
• Understand the risk environment in which we operate and contribute to the identification of key risks.
• Use audit and peer review tools to assess and monitor our underwriting activities.
• Use existing market knowledge to establish and enhance business relationships with our key partners.
• Ensure compliance with all legal and regulatory provisions.

Qualifications, skills and experience

This role carries strategic and financial responsibility as well as being recognized as a market leading subject matter expert in our product(s). We therefore require our role holders to demonstrate leadership and management capabilities and to possess the following skills, attributes and knowledge:

• Extensive technical knowledge of the product(s).
• Strong portfolio management skills.
• Commercial awareness with strong negotiation skills.
• Detailed understanding of pricing practices and methodologies.
• Interpersonal skills to build and maintain value adding relationships.
• Extensive knowledge of and experience in a sophisticated underwriting control environment.
• Knowledge of the legal, regulatory and compliance provisions that apply to the UK motor insurance market.
• The ability to maintain high levels of personal motivation whilst working remotely.

Core behavioural competencies

• Strategic perspective
• Commerciality
• Relationships
• Performance focus
• Communication and influence
• Development of self and others

Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.