At a Glance
- Tasks: Underwrite Marine treaty reinsurance and build strong client relationships.
- Company: Join a leading reinsurance provider in a dynamic London team.
- Benefits: Competitive salary, hybrid working model, and inclusive culture.
- Other info: Great opportunity for career growth and continuous development.
- Why this job: Make impactful decisions in a collaborative environment with real ownership.
- Qualifications: 5-6 years in insurance/reinsurance with strong analytical and relationship skills.
The predicted salary is between 106000 - 158000 £ per year.
Location: London, GB
About the Role
We are looking for a Marine Underwriter to join our Marine & Energy Treaty team in London. In this role, you'll take an active part in underwriting Marine treaty reinsurance business, working alongside experienced colleagues to deliver sound underwriting decisions and provide outstanding service to our clients and brokers. You'll have real ownership of your work, the opportunity to strengthen key relationships, and a platform to contribute meaningfully to the continued growth and success of the portfolio.
Key Responsibilities
- Analyse and assess treaty reinsurance submissions, evaluating exposures, coverage, and pricing to identify and negotiate the best underwriting position for Swiss Re.
- Underwrite Marine treaty reinsurance business across Cargo, Hull, Liability, Energy, and PVT, including preparing quotations, proposals, wordings, and clauses.
- Build and maintain strong relationships with clients and brokers, identifying opportunities to deepen existing partnerships and support cross selling across other lines of business.
- Contribute to portfolio strategy by supporting Marine portfolio initiatives, market analysis, and underwriting projects.
- Share technical knowledge and market insights with colleagues, contributing to knowledge sharing initiatives and supporting the continuous development of the underwriting team.
About the Team
Our Marine & Energy Treaty team is a dynamic and collaborative group of specialists based in London, operating at the heart of one of the world's leading reinsurance markets.
About You
We are looking for an open minded, collaborative, and proactive individual who thrives in a dynamic environment. You'll engage confidently with colleagues, clients, and brokers, bringing strong communication and negotiation skills to every interaction. You take genuine ownership of your work, approach challenges with a proactive mindset, and are committed to continuously developing your technical expertise. You'll bring a strong blend of analytical capability and commercial thinking that enables you to make sound, well reasoned underwriting decisions.
Qualifications
- Around 5-6 years of relevant experience within the insurance and/or reinsurance industry, gained in underwriting, broking, or another market-facing role.
- Strong analytical skills, with the ability to assess risk, interpret data, and exercise sound commercial judgement.
- Proven ability to build and maintain relationships with brokers, clients, and internal stakeholders.
- Experience in Marine, Energy, or PVT insurance or reinsurance is an advantage.
- A strong commercial mindset, with the ability to identify and capitalise on market opportunities.
- The ability to manage multiple priorities while maintaining close attention to detail.
Compensation
For the United Kingdom, the base salary range for this position is £106,000-£158,000 for a full time role. Additional factors considered in the salary offer include:
- The requirements, scope, complexity, and responsibilities of the role.
- The applicant's profile, including education, qualifications, expertise, specialisation, skills, and experience.
Working Model
Our company operates a hybrid working model, with the expectation that you will work from the office at least three days per week.
Equal Opportunity Statement
Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance based risk transfer. We welcome applications from all backgrounds in accordance with our commitment to creating an inclusive culture. We encourage applicants returning to the workforce after a career break to apply for open positions that match their skills and experience. We may use AI powered tools to support the review and evaluation of applications for this position; all hiring decisions are carefully reviewed and made by people. Please review our Data Privacy Statement for more information on our use of AI and data handling.
StudySmarter Expert Advice🤫
We think this is how you could land Marine Underwriter
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like NACBA). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
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 NACBA. 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 Marine Underwriter
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 NACBA.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at NACBA. 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 NACBA
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at NACBA to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
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!
✨Prepare for Behavioural Questions
As a full-timer at NACBA, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding NACBA'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.
