Underwriter- Legal Indemnities

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 protect financial interests and legal obligations for single-location and multinational portfolios.

And Trust & Probate insurance, designed to address issues arising in estate administration and the distribution of trusts, enabling transactions to complete and assets to be released that might otherwise remain inaccessible.

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.
  • The level of premium for which to accept the risk on behalf of the insurer to generate income and profit to 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.
• Ensuring 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

Following successful completion of a probationary period: