At a Glance
- Tasks: Underwrite and process marine energy and liability business while building key broker relationships.
- Company: Join Travelers, a leading property casualty insurer with over 170 years of innovation.
- Benefits: Enjoy private medical insurance, generous holiday entitlement, and a wellness programme.
- Other info: Flexible hybrid work arrangements available to promote work-life balance.
- Why this job: Make an impact in the marine sector while developing your career in a supportive environment.
- Qualifications: Experience in Lloyd's market and a university degree are essential.
The predicted salary is between 40500 - 49500 £ per year.
Who Are We?
Ensure all your application information is up to date and in order before applying for this opportunity.
Taking care of our customers, our communities and each other.
Thats the Travelers Promise.
By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years.
Join us to discover a culture that is rooted in innovation and thrives on collaboration.
Imagine loving what you do and where you do it.
Target Openings
What Is the Opportunity?
Weve got an exciting opportunity for an experienced Marine Energy & Liability Underwriter to join our growing London Market team.
In this role, you will take ownership of the profitability of your book – underwriting and processing new business, renewals and mid-term adjustments, while closely monitoring rate adequacy across your portfolio.
Youll work on a broad, diverse and developing Marine Liability account, using your London Market expertise to build and strengthen key broker relationships, shape the quality of the business we write, and play a visible part in the ongoing growth of our Marine platform.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy.
This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees).
This policy may be changed at the Companys discretion.
What Will You Do?
- Contribute to the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
- Ensure that business is written in accordance with the Companys policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with: individual underwriting authority and, where relevant, with approval under the Lloyds Individual Registration Byelaw. the Units business plan for the relevant year.
- Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
- Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
- May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
- Monitor market factors and world affairs as part of research and development of new opportunities.
- Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Companys underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
- Provide guidance, mentoring and coaching to others as appropriate.
- Perform other duties as assigned.
What Will Our Ideal Candidate Have?
- Experience within the Lloyds market, with a basic understanding of the internal and external factors which impact the market.
- Underwriting experience.
- University Degree.
- Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority.
- Able to make sound quoting and pricing decisions that are in the Companys best interests.
- Intermediate knowledge and ability in respect of judgment, decision making, communication and strong team work.
- Demonstrates Intermediate knowledge and experience in respect of
- Relationship
Management: Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
- Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial
Acumen: Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
- Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
- Demonstrates Intermediate knowledge and experience in respect of Product/Technical: Demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.
- Demonstrates Intermediate knowledge and experience in respect of
- Business
Perspective: Uses knowledge of internal and external factors that impact the Lloyds Market to make decisions.
- Expected to be studying towards ACII qualification.
What is a Must Have?
- Previous Property and Casualty insurance experience in either an underwriting, operational or broker capacity.
- Secondary level education or equivalent.
What Is in It for You?
- Private
- Medical
Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan.
Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday
Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness
Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.
In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
- Volunteer
Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.
Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Employment Practices
Travelers is an equal opportunity employer.
We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. xjlbheb
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit
Underwriter - Marine Energy & Liability employer: MindMatch
Selwood Housing is an exceptional employer that prioritises the growth and development of its employees, offering a supportive team environment where collaboration and knowledge sharing are key. With a commitment to inclusivity and a range of benefits including competitive salaries, flexible working opportunities, and ongoing training, you will not only gain hands-on experience as an Apprentice Electrician but also build a rewarding career in a respected trade within a growing not-for-profit organisation dedicated to providing affordable housing in the Southwest.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Marine Energy & Liability
✨Dive Into Industry Networking Events
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Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like MindMatch. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter - Marine Energy & Liability
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at MindMatch.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at MindMatch. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at MindMatch
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at MindMatch to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
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✨Know the Company Culture Inside Out
Understanding MindMatch's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
