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- Tasks: Oversee underwriting for terrorism across various facilities in the UK.
- Company: Join a leading Lloyd's syndicate with a focus on terrorism insurance.
- Benefits: Enjoy competitive pay, professional development, and a dynamic work environment.
- Why this job: Be part of a global team making an impact in the insurance industry.
- Qualifications: Experience in underwriting or broking with knowledge of delegated underwriting is essential.
- Other info: Opportunity to develop new business across London and regional markets.
The predicted salary is between 36000 - 60000 £ per year.
Are you currently working at an insurer / MGA / broking house with in-house underwriting facility for Terrorism? This is an unusual opportunity to join this Lloyd's syndicate in the terrorism division, overseeing all of the underwriting which is carried out via various facilities across MGA's and broking houses throughout the UK.
This role offers both the opportunity to underwrite and manage the delegated facilities as well as developing new business opportunities across the London and regional market.
A good understanding of delegated underwriting is required - you could be at an Assistant Underwriter but with underwriting authority, or an Account Handler / Executive at a brokers with a pen authority. Sound understanding of wordings and coverages and ability to handle a volumatic/transactional portfolio.
This role is part of a wider global terrorism portfolio and whilst there will be exposure to this Lloyd's platform, the majority of responsibility is across the UK book.
UK Terrorism Underwriter - Facilities - MGA / Broker ? employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land UK Terrorism Underwriter - Facilities - MGA / Broker ?
✨Tip Number 1
Network with professionals in the insurance and underwriting sectors, especially those who specialise in terrorism coverage. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the market.
✨Tip Number 2
Familiarise yourself with the latest trends and developments in terrorism underwriting. Keeping up-to-date with news articles, reports, and case studies can give you valuable insights that will impress during interviews.
✨Tip Number 3
Consider reaching out to current or former employees of the Lloyd's syndicate or similar organisations. They can provide insider knowledge about the company culture and expectations, which can be beneficial for your application.
✨Tip Number 4
Prepare to discuss your experience with delegated underwriting and your understanding of wordings and coverages. Be ready to share specific examples from your past roles that demonstrate your expertise and ability to manage a portfolio effectively.
We think you need these skills to ace UK Terrorism Underwriter - Facilities - MGA / Broker ?
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in terrorism or similar fields. Emphasise any roles where you've managed delegated facilities or developed new business opportunities.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in this specific role and how your background aligns with the requirements. Mention your understanding of wordings and coverages, and provide examples of your experience with volumatic or transactional portfolios.
Showcase Your Knowledge: Demonstrate your understanding of the UK insurance market and the unique challenges of terrorism underwriting. You could include insights on current trends or regulations that impact the sector.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in underwriting roles.
How to prepare for a job interview at IPS Group
✨Showcase Your Underwriting Knowledge
Make sure to highlight your understanding of delegated underwriting and the specific requirements for terrorism coverage. Be prepared to discuss your experience with wordings and coverages, as this will demonstrate your expertise in the field.
✨Demonstrate Business Development Skills
Since the role involves developing new business opportunities, come prepared with examples of how you've successfully identified and pursued new clients or markets in your previous roles. This will show your proactive approach and ability to contribute to growth.
✨Familiarise Yourself with the Lloyd's Platform
Research the Lloyd's syndicate and its operations, particularly in the terrorism division. Understanding their unique approach and how it fits into the wider global portfolio will help you articulate how you can add value to their team.
✨Prepare for Technical Questions
Expect technical questions related to underwriting practices and portfolio management. Brush up on your knowledge of handling volumatic/transactional portfolios, as well as any recent trends in the UK terrorism insurance market.
