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- Tasks: Analyse risks and provide tailored legal indemnity underwriting services to clients.
- Company: Established Coverholder at Lloyd’s of London with a strong reputation.
- Benefits: 25 days holiday, increasing to 30, plus bank holidays and professional development.
- Why this job: Join a specialist team and make a real impact in the legal indemnity sector.
- Qualifications: 2-5 years of legal indemnity underwriting experience and strong analytical skills.
- Other info: Dynamic work environment with opportunities for growth and learning.
The predicted salary is between 36000 - 60000 ÂŁ per year.
Legal & Contingency (L&C), established in 1992, is a Coverholder at Lloyd’s of London. As one of the longest standing legal indemnity providers, we have earned a reputation for offering tailored solutions to the UK residential and commercial property market. Our services include bespoke and online insurance for both standard and complex risks tailored to the needs of solicitors, brokers, developers and lenders. In addition, we deliver specialist real estate insurance that protects financial interests and legal obligations for single-location and multinational portfolios, as well as Trust & Probate insurance, designed to address issues arising in estate administration and the distribution of trusts.
About the role: This is a new underwriting position, joining our existing specialist team, to provide a professional and compliant legal indemnity underwriting service to all clients, current and prospective, with the intention of providing quotations and policies to meet business income and profit targets.
Key accountabilities:
- Conduct a thorough analysis of risks to ensure they are appropriate for the business, by assessing whether the risk is acceptable within the parameters and guidelines agreed with the insurer.
- Determine the level of premium for which to accept the risk on behalf of the insurer to generate income and profit for the company.
- Ensure the acceptability of a risk is always considered in line with company guidelines, procedures and processes.
- Determine correct pricing based on financial and competition analysis, and in line with compliance requirements, providing appropriate and justifiable quotations for risks.
- Act strictly within the personal authority issued by the company from time to time.
- Keep up to date with legal and regulatory changes.
- Keep the necessary stakeholders advised of progress on underwriting of risks as necessary to provide excellent customer service.
- Liaise with clients by email and phone, responding to requests and queries as a matter of priority, with the aim of progressing risks to quotation.
- Strive to continue to develop knowledge, comprehension and application of legal indemnity & related products, property law and conveyancing procedure, insurance law, rules and procedures.
- Ensure cover notes and policies are issued correctly and in a timely manner, in line with company policies and guidelines and in line with service levels expected.
What you will bring:
- 2-5 years Legal Indemnity underwriting experience
- Good levels of numeracy and literacy, with an attention to detail and accuracy
- The ability to analyse complex information and draw out relevant facts
- Good interpersonal skills, flexible to work with a range of styles and personalities according to business demands
- Effective time management and prioritisation skills
- Positive “can do” attitude
25 days holiday, building to 30 days with length of service, plus bank holidays.
Underwriter- Legal Indemnities in City of London employer: Legal & Contingency
Contact Detail:
Legal & Contingency Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter- Legal Indemnities in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and understanding their products. Show them you’re not just another candidate; you’re genuinely interested in what they do and how you can contribute.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it relates to the role of an Underwriter in Legal Indemnities. Keep it concise but impactful – you want to leave a lasting impression.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take that extra step!
We think you need these skills to ace Underwriter- Legal Indemnities in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience that match the Underwriter role. Highlight your legal indemnity underwriting experience and any relevant qualifications to show us you’re the right fit.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re interested in this position and how your background aligns with our needs. Be genuine and let your personality come through!
Showcase Your Attention to Detail: As an Underwriter, accuracy is key. Make sure your application is free from typos and errors. Double-check everything before hitting send – we love candidates who take pride in their work!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Legal & Contingency
✨Know Your Stuff
Make sure you brush up on legal indemnity underwriting and property law. Familiarise yourself with the specific products and services offered by the company, as well as any recent changes in regulations. This will show that you're not just interested in the role but also invested in the industry.
✨Showcase Your Analytical Skills
Prepare to discuss how you've previously assessed risks and determined pricing. Bring examples of complex information you've analysed and how you drew relevant conclusions. This will demonstrate your ability to handle the key accountabilities of the role effectively.
✨Communicate Clearly
Since the role involves liaising with clients and stakeholders, practice articulating your thoughts clearly and concisely. You might even want to role-play common scenarios with a friend to get comfortable with responding to queries and providing quotations.
✨Exude Positivity
A positive 'can do' attitude can set you apart from other candidates. Be ready to share instances where you've tackled challenges with enthusiasm and flexibility. This will resonate well with the interviewers and align with the company's culture.