At a Glance
- Tasks: Underwrite Political Violence insurance and manage a Delegated Authority book.
- Company: Join Chaucer Group, a leader in the Lloyd's insurance market.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for career growth and collaboration across various business areas.
- Why this job: Make an impact in a crucial sector while developing your skills in a supportive team.
- Qualifications: 4+ years in Lloyd's insurance, ACII qualified or working towards it.
The predicted salary is between 60000 - 80000 £ per year.
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.
Delegated Authority Underwriter -Political Violence - Chaucer Group in London employer: Jobs via eFinancialCareers
Chaucer Group is an exceptional employer that fosters a dynamic and inclusive work culture, offering employees the opportunity to thrive in the Lloyd's insurance environment. With a strong focus on professional development, employees can expect robust growth opportunities, comprehensive training, and the chance to engage with industry leaders in London. The company's commitment to innovation and collaboration ensures that every team member plays a vital role in shaping the future of Political Violence underwriting.
Contact Details:
Jobs via eFinancialCareers Recruitment Team
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We think this is how you could land Delegated Authority Underwriter -Political Violence - Chaucer Group in London
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We think you need these skills to ace Delegated Authority Underwriter -Political Violence - Chaucer Group in London
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