At a Glance
- Tasks: Assess and manage international specialty risks while building strong broker relationships.
- Company: Respected specialist underwriting organisation with a focus on growth.
- Benefits: Competitive salary, bonus, and benefits with hybrid working options.
- Other info: Join a dynamic team and play a key role in an ambitious underwriting business.
- Why this job: Take ownership of your portfolio and contribute to exciting business growth.
- Qualifications: 8+ years in insurance with specialty treaty reinsurance experience preferred.
The predicted salary is between 75600 - 92400 £ per year.
We’re working with a growing and highly respected specialist underwriting organisation who are looking for a Specialty Treaty Underwriter to join their London team. The role will be to take ownership of a diverse portfolio of international specialty risks, while building strong broker relationships and playing a key role in the growth of the team and business.
The Role: As a Specialty Treaty Underwriter, you will be responsible for assessing, pricing and managing risks across your portfolio. You will analyse underwriting, claims, actuarial and market data to make informed and commercially sound underwriting decisions. This will be a varied role, offering the opportunity to take ownership of your portfolio while also contributing to new business growth and wider product development. A key part of the position will involve developing and maintaining strong relationships with brokers and other key stakeholders, helping to grow your broker network and identify new business opportunities.
- Key Responsibilities
- Evaluate and review reinsurance submissions to assess completeness, accuracy, and suitability for underwriting consideration
- Analyse the nature and extent of risk, using actuarial data, claims history, and external risk factors to inform decision-making
- Make underwriting decisions, including accepting, declining, or referring risks in line with company guidelines and risk appetite
- Define and negotiate policy terms, conditions, coverage limits, and premiums to ensure appropriate risk pricing and profitability
- Conduct regular reviews of existing policies at renewal, reassessing risk exposure and adjusting terms and pricing as necessary
- Maintain accurate documentation and ensure compliance with regulatory requirements and internal underwriting standards
- Key Skills / Experience:
- Minimum of 8 years’ experience within Insurance
- Prior experience dealing with Specialty Treaty Reinsurance risks – advantageous
- Strong understanding of underwriting practices, product and risk assessment methodologies
- Experience of product development and novel problem solving
- Excellent negotiation and influencing skills, with the ability to agree commercially viable terms with brokers and clients
- Proficiency in interpreting and applying actuarial models, statistical data and underwriting tools to assess and price risk accurately
- High level of attention to detail, ensuring accuracy in risk evaluation, documentation and policy wording
- Strong analytical and problem-solving skills, with the ability to interpret complex data
- Effective communication skills, both written and verbal
- Detailed knowledge of your market and relevant underwriting practices, with the ability to apply market insight, technical information and risk data to underwriting decisions
This is an excellent opportunity for an experienced Underwriter who is looking for greater ownership, the opportunity to develop their broker relationships and play an important role in the continued growth of a specialist and ambitious underwriting business.
For more information or to apply, please contact Sophie on 0203 769 4536 or send your CV to Sophie@nashrock.co.uk
Specialty Treaty Underwriter employer: Nashrock Insurance Recruitment
Join a dynamic and respected specialist underwriting organisation in London, where you will have the opportunity to take ownership of a diverse portfolio of international specialty risks. With a strong emphasis on employee growth, this company fosters a collaborative work culture that encourages innovation and relationship-building with brokers, ensuring you can thrive in your role while enjoying competitive salary packages and benefits.
Contact Details:
Nashrock Insurance Recruitment Recruitment Team