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For Companies At a Glance
- Tasks: Join a dynamic team to underwrite diverse property risks and drive business development.
- Company: IQUW, a leading specialty (re)insurer at Lloyd’s, values empowerment and collaboration.
- Benefits: Competitive salary, supportive environment, and opportunities for professional growth.
- Why this job: Make impactful decisions in a fast-paced role while building strong relationships with brokers.
- Qualifications: Experience in D&F preferred; strong analytical and relationship management skills required.
- Other info: Thriving culture that encourages initiative and values every team member's contributions.
The predicted salary is between 36000 - 60000 £ per year.
Overview
About Us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast. Our group thrives on four core values: Empowerment, Collaboration, Drive, and Inclusivity. We are all about encouraging initiative and valuing each member's contributions, fostering teamwork for innovative solutions, staying motivated to achieve our goals, and ensuring everyone feels respected and valued. Together, we create a supportive and dynamic environment where everyone can flourish.
The Role
The role of an Underwriter at IQUW is one which proves challenging yet truly rewarding. The role offers the opportunity to become a key member of a high-paced underwriting team within IQUW Group’s well-established Lloyd’s syndicate. Underwriting will focus on risks domiciled in the USA; however, there will be the opportunity to be involved in other territories within the team. The key to success in this role will be a highly detailed and analytical underwriting approach, strong relationship management and unparalleled sales skills, as well as strong organisational skills and the ability to think ahead and use initiative. You will need to thrive in a business development role and be able to demonstrate a skill for working with senior brokers/clients. You will need to take ownership of relationships and drive Underwriting performance towards profitable business.
Key Responsibilities
- In collaboration with the Head of Department & Lead Underwriters, you will be responsible for delivering the Class approved plan and providing input into the longer-term strategy.
- Underwrite all elements of the Property portfolio.
- Drive underwriting excellence across the Property book by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating and pricing adequacy.
- Ensure high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
- Assist with the development of the pricing models to support the underwriting/pricing of the portfolio.
- Lead and develop close relationships with our partner brokers.
- Own the development of our underwriting appetite, constantly analysing the portfolio and modifying appetite accordingly.
- Develop business development initiatives to grow the portfolio profitably, where desired.
Essential Qualifications, Skills and Experience
- Experience in D&F at a Lloyd’s facing business.
- Prior Underwriting experience beneficial but not essential.
- Strong understanding of the US D&F market.
Underwriter - Property (US D&F) in City of London employer: IQUW Property Insurance
Contact Detail:
IQUW Property Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Property (US D&F) in City of London
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or at events. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by researching IQUW and the role of an Underwriter. Show us you understand our values and how you can contribute to our dynamic team.
✨Tip Number 3
Practice your pitch! Be ready to discuss your experience and how it aligns with the underwriting role. Confidence is key, so rehearse until it feels natural.
✨Tip Number 4
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 connect directly.
We think you need these skills to ace Underwriter - Property (US D&F) in City of London
Some tips for your application 🫡
Show Your Passion: When writing your application, let your enthusiasm for the Underwriter role shine through. We want to see that you’re genuinely excited about the opportunity to work with us at IQUW and how you can contribute to our dynamic team.
Tailor Your CV: Make sure your CV is tailored specifically for this role. Highlight your experience in D&F and any relevant skills that align with our core values of Empowerment, Collaboration, Drive, and Inclusivity. We love seeing how your background fits with what we do!
Be Clear and Concise: Keep your application clear and to the point. We appreciate well-structured applications that get straight to the heart of your qualifications and experiences. Avoid fluff and focus on what makes you a great fit for the Underwriter position.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team at IQUW.
How to prepare for a job interview at IQUW Property Insurance
✨Know Your Stuff
Make sure you brush up on your knowledge of the US D&F market. Understand the key players, current trends, and any recent changes in regulations. This will show that you're not just interested in the role but are also proactive about staying informed.
✨Showcase Your Analytical Skills
Since the role requires a detailed and analytical underwriting approach, be prepared to discuss specific examples from your past experiences where you've successfully assessed risks or made data-driven decisions. Use numbers and outcomes to back up your claims!
✨Build Rapport with Brokers
Relationship management is crucial for this position. Think of ways to demonstrate your ability to build strong relationships with brokers and clients. Maybe share a story about how you’ve successfully navigated a challenging relationship in the past.
✨Emphasise Teamwork and Initiative
IQUW values collaboration and empowerment, so be ready to talk about times when you've worked effectively in a team or taken the initiative to drive a project forward. Highlight how you can contribute to a supportive and dynamic environment.
