Delegated Authority Underwriter -Political Violence - Chaucer Group

Relevant Experience

• Minimum 4 years working within the Lloyd's insurance environment.
• Relevant experience in PV Insurance.
• Knowledge of London and Lloyd's markets.
• Experience managing a DA book of business.
• Technical skills: MS Office (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), class‑specific terms and conditions.
• ACII qualified or working towards achieving.

Main Duties

• Support the Head of Political Violence in writing a profitable PV and CM Delegated Authority book, including binders, lineslips, broker facilities, Fac Reporters, and Treaties.
• Take responsibility for all Delegated Authority business in the division.
• Review new and renewal relationships: slip analyses, rating/benchmark analysis, and premium monitoring.
• Monitor and oversee Delegated Authority business, referring binders to DA Operations and completing referral templates.
• Support production of a business plan for management review and agreement.
• Input into monthly and quarterly forecasting process.
• Underwrite in accordance with underwriting authority and the business plan.
• Seek new DA business opportunities through liaison with brokers and clients, onboarding in line with Chaucer’s DA Framework.
• Travel to support growth and robust oversight of the division’s DA book, including recording meetings in the meeting capture app.
• Build tools to aid monitoring of all DA business from controls, oversight, governance, and underwriting perspectives.
• Work with the DA CoE to implement mid‑year DA reviews.
• Proactively manage underwriting and oversight of all DA business written by the division.
• Cross‑sell other products with PV/CM coverholders and build out 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 after external audit of coverholders.
• Develop good relationships with brokers, coverholders, and reinsurers.
• Collaborate with other business areas within Chaucer as required (credit control, claims, internal risk review, actuarial, etc.).
• Use market and industry sources to enhance awareness of technical factors and developments in portfolio underwriting and PV in general.
• Ensure accuracy and upkeep of all DA KPIs, working closely with the UW Operations team.
• Prepare reports and statistical information as required by senior management.
• Ad hoc DA projects to support the DA CoE.
• Assist in continuous assessment of rating and benchmarking models for DA business.

Personal Skills

• Professional outlook.
• Flexible at all times.
• Very good interpersonal skills.
• Excellent organisational skills.
• Excellent communication skills with ability to liaise at all levels.
• Teamwork.
• Adaptable to a pressured environment.
• Self‑motivated.