At a Glance
- Tasks: Underwrite diverse global Contingency portfolio and build strong broker relationships.
- Company: Join Tokio Marine HCC, a leading specialty insurer with a dynamic culture.
- Benefits: Competitive salary, employee benefits, and opportunities for professional growth.
- Other info: Be part of a rapidly growing team with a focus on innovation and collaboration.
- Why this job: Make an impact in the insurance industry while developing your skills in a supportive environment.
- Qualifications: Degree in business or economics, strong numeracy, and excellent communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Overview:
Tokio Marine HCC is one of the world’s leading specialty insurers, recognised for its underwriting expertise, strong balance sheet, and disciplined approach to risk. The Contingency team underwrites a diverse global portfolio including event cancellation, film & television, parametric weather, non‑appearance, terrorism, and political risk.
The individual will primarily be underwriting the Contingency portfolio across the London market, and via the international broker network including the group collaborations with Tokio Marine. They will also provide technical and strategic direction across the Contingency portfolio, while developing strong broker and market relationships and ensuring alignment with governance, compliance, and reinsurance requirements.
Job Purpose:
To support the strategic growth and technical authority for the global Contingency portfolio, ensuring profitable growth, disciplined risk selection, robust policy wordings, effective reinsurance support, and strong broker relationships.
Key Responsibilities:
- Underwriting Contingency Portfolio
- Technical pricing of Contingency risks including for Event Cancellation, Non-Appearance, Prize Indemnity, Parametric Weather and other miscellaneous contingent risks
- Focus on servicing brokers in London market, international broker network and TM offices globally
- Support efficient placement of risks utilizing Specialty Marketplace – assist the evolution of the portal to react to broker needs in terms of product development
- Reinsurance Oversight
- Support the delivery of the annual Treaty renewals, and ongoing Fac across all Specialty Lines (Disability, Crisis Management, Contingency, Parametric Weather and any new lines which might be absorbed within the Specialty Portfolio).
- Provide oversight and technical input into Contingency reinsurance arrangements, including treaty structures, facultative placements, autofacs, and renewals.
- Review and approve reinsurance documentation, endorsements, and amendments relevant to the Contingency portfolio.
- Support discussions around exposure, and aggregation with reinsurance partners and internal stakeholders.
- Work closely with Reinsurance, Compliance, and Senior Management to ensure appropriate risk transfer and capital protection.
- Policy Wording & Technical Governance
- Lead the drafting, review, and approval of policy wordings, endorsements, and exclusions for Contingency risks.
- Help resolve technical, legal, and jurisdictional issues where required.
- Ensure policy documentation is consistent, legally robust, and aligned with market practice and regulatory requirements.
- Act as escalation point for wording disputes, interpretation issues, and complex coverage questions.
- Exposure Management & Aggregation
- Oversee monitoring and management of accumulation and aggregation risk within the Contingency portfolio.
- Review exposure reports relating to geography, peril, and event concentration, including politically sensitive regions.
- Support internal and external reporting requirements relating to aggregate exposure and risk position.
- Ensure underwriting decisions appropriately reflect exposure limits and aggregation controls.
- Broker & Market Relationship Management
- Act as a point of contact for key brokers and market partners.
- Communicate underwriting appetite, coverage positions, and market stance clearly and consistently.
- Maintain strong market presence and contribute to the firm’s reputation as a leading insurer of Contingency risks.
- People Leadership & Team Oversight
- Support development of underwriting capability, technical standards, and consistent underwriting practices.
- Contribute to performance management, coaching, and mentoring within the team.
- Cross‑Functional & Senior Stakeholder Engagement
- Work closely with Compliance, Finance, Catastrophe Modelling, Reinsurance, and Operations teams to support underwriting activity.
- Respond to senior management queries relating to underwriting decisions, exposure, and portfolio performance.
- Support governance processes, internal audits, and regulatory interactions as required.
- Contribute to internal initiatives aimed at improving underwriting discipline, efficiency, and controls.
Skills and Experience Specification:
Essential
- London Market Experience
- Degree level education (Ideally business or economics) and strong numeracy
- Well-developed IT skills
- Strong communication skills (verbal and written)
- Ability to work well within a team and build strong relationships with colleagues and clients
- Willingness to learn and work proactively
Desirable
- 5+ years experience in Contingency.
- A level Maths (or equivalent)
What We Offer
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.
The Tokio Marine HCC Group of companies is an equal opportunity employer.
Underwriter in London employer: HCC Service Co. UK Branch
Tokio Marine HCC is an exceptional employer, offering a dynamic work environment in the heart of London, where employees can thrive in their careers while contributing to a leading specialty insurer. With a strong focus on professional development, competitive salaries, and a commitment to diversity and inclusion, employees are empowered to build meaningful relationships within the industry and enhance their underwriting expertise. The collaborative culture fosters innovation and supports personal growth, making it an ideal place for those seeking a rewarding career in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially in the London market. Attend events, join online forums, and don’t be shy to reach out on LinkedIn – you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for interviews by researching the company and its underwriting practices. Familiarise yourself with their Contingency portfolio and think about how your skills can contribute to their growth. Show them you’re not just another candidate; you’re the one they need!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. Focus on articulating your experience in underwriting and how it aligns with the role at Tokio Marine HCC.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us. So, go ahead and submit your application today!
We think you need these skills to ace Underwriter in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your relevant experience in underwriting, especially in the Contingency portfolio. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t forget to showcase your strong communication and IT skills in your application. We’re looking for someone who can build relationships and work well within a team, so let us know how you’ve done this in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at HCC Service Co. UK Branch
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting knowledge, especially around Contingency risks. Understand the key areas like event cancellation and parametric weather, as well as the technical pricing involved. This will show that you're not just familiar with the role but also genuinely interested in the specifics.
✨Showcase Your Communication Skills
Since this role involves building strong broker relationships, practice articulating your thoughts clearly. Prepare examples of how you've successfully communicated complex ideas in the past, whether in writing or verbally. This will demonstrate your ability to maintain a strong market presence.
✨Prepare for Technical Questions
Expect questions that dive deep into policy wordings and reinsurance arrangements. Brush up on your knowledge of treaty structures and facultative placements. Being able to discuss these topics confidently will set you apart from other candidates.
✨Demonstrate Team Spirit
This position requires collaboration with various teams, so be ready to share experiences where you've worked effectively within a team. Highlight your willingness to learn and support others, as this aligns with the company’s focus on developing underwriting capability and consistent practices.
