Underwriter - Marine & Energy Reinsurance

Our underwriters are at the heart of everything we do, without them our business wouldn’t function. The role holder will be a member of the Marine & Energy Reinsurance team and will be accountable for contributing to the effective delivery of the vision and the strategy for Marine & Energy Reinsurance. The role holder will be responsible for taking underwriting business in accordance with the Marine & Energy Reinsurance business plan.

While there is rarely a ‘typical’ day as an Underwriter, here’s a snapshot of some of the key parts of the job:

• Strategy
  • Develop the existing marine & energy reinsurance book and look for growth and improvement opportunities, including the opportunity to work with other product lines to grow cross class opportunities within the wider MS Amlin team.
  • Support the strategic direction of the portfolio and delivery of designated elements of the strategy and business plan.
  • Demonstrate good client intimacy behaviours throughout the market.
  • Contribute to the effective delivery of the business plan(s), ensuring alignment to strategy, client relationship and profitable growth.
  • Work in partnership within the entity and other entities across the regions to leverage relationships and opportunities.
  • Where appropriate participate in and contribute to client segmentation and product forum activities to ensure clarity and clear understanding of the approach to specific clients and markets.
• Underwriting
  • Generate and manage business on a client relationship basis within agreed risk appetite.
  • Understand and contribute to execution of the business plan.
  • Ensure client relationship is achieved through the efficient oversight of issues raised including liaison to ensure effective conclusion to complaints and claims.
  • Undertake analysis of the location / market to identify new business opportunities, products and clients, ensuring a robust business case.
  • Ensure risks are written within the agreed parameters – making sound long term decisions on risks that are written, with a focus on smart rationale underwriting.
• Underwriting Management
  • Provide effective oversight and input into the underwriting performance.
  • Reporting on an ad hoc basis regarding pipelines, new opportunities, and progress towards strategic goals.
  • Liaise with and ensure regional compliance with underwriting management, taking corrective action as necessary and operating within agreed authorities.
  • Proactively participate in product forum meetings, as appropriate – challenging and responding to challenges regarding the Product performance.
• Compliance and Risk Management
  • Conduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate.
  • Manage the location/market so that it complies with relevant risk, regulatory and legal requirements and so that it complies with Group policies.

You’re going to enjoy this job if you also…

• Have good business and commercial market awareness, specifically of Marine & Energy business.
• Strong networking & managing both new and existing client relationships.
• Implementing and delivering on a clear underwriting strategy.
• Key skills in undertaking analysis of market and identifying new business opportunities, products and clients.
• Enjoy the challenge of shaping a sustainable Marine & Energy reinsurance portfolio for MS Amlin.

What you’ll need:

• Consideration will be given to Underwriters at differing levels but must have in depth knowledge, expertise, relationships and strong experience of the Specialty, Marine & Energy Reinsurance markets.
• Good understanding of relevant risk, regulatory and legal requirements.
• Relevant qualifications (e.g., ACII, or similar) preferred.

What you can expect from us:

As well as a competitive base salary and performance related discretionary bonus, here is a link to our employee benefits.