At a Glance
- Tasks: Underwrite global Marine Cargo risks and develop strong broker relationships.
- Company: Leading international specialty (re)insurance platform with a strong Lloyd's market presence.
- Benefits: Competitive salary, performance bonus, private medical cover, and flexible working arrangements.
- Other info: Opportunity for career growth and mentoring within a dynamic environment.
- Why this job: Join a high-performing team and make an impact in the international insurance market.
- Qualifications: Experience in Marine Cargo underwriting and strong negotiation skills.
The predicted salary is between 60750 - 74250 £ per year.
An established global specialty (re)insurance business is looking to appoint an experienced
Marine Cargo Underwriter to join its London-based Marine team.
This is an excellent opportunity for an underwriter with a strong London Market background to take responsibility for a high-quality international cargo portfolio, working across both primary and excess business.
The role will involve underwriting worldwide general cargo risks covering transit and storage, with exposure to physical damage and, where appropriate, financial consequence covers.
You will play an important role in delivering the Marine team's underwriting strategy, identifying profitable opportunities and developing long-term broker and client relationships.
The successful candidate will have the technical capability and market credibility to take ownership of risks, contribute to portfolio development and operate with a meaningful level of underwriting authority.
Key Responsibilities
- Underwrite new business and renewals across a worldwide Marine Cargo portfolio.
- Assess risk quality, exposure and pricing to ensure disciplined and profitable underwriting.
- Take a lead role on appropriate risks, including negotiating terms, coverage and policy wordings.
- Contribute to the development and execution of the Marine Cargo business plan and underwriting strategy.
- Identify opportunities for profitable portfolio growth while maintaining appropriate risk selection.
- Build and maintain strong relationships with Lloyd's and London Market brokers and key clients.
- Provide technical guidance on coverage, policy construction and complex risk exposures.
- Monitor portfolio performance, market conditions and emerging risks to support informed underwriting decisions.
- Work collaboratively with Claims, Actuarial, Exposure Management, Reinsurance and other internal teams.
- Maintain a strong understanding of market developments, competitor activity and relevant legal or regulatory changes.
- Ensure all underwriting activity is conducted within agreed authorities, governance frameworks and regulatory requirements.
- Represent the business at broker meetings, client meetings and relevant industry events.
- Support the development of junior members of the team through knowledge sharing and mentoring.
- Contribute ideas and improvements to underwriting processes, systems and portfolio management
Skills & Experience
- Significant experience underwriting
Marine Cargo within the Lloyd's or wider London Market.
- Strong technical understanding of cargo risks, coverage and policy structures.
- Demonstrable experience managing and developing a profitable underwriting portfolio.
- Experience underwriting both new business and renewals, ideally including lead positions.
- Established relationships with brokers and a credible presence within the Marine market.
- Strong understanding of technical pricing, risk assessment and portfolio performance.
- Confident decision-maker who can operate independently within delegated underwriting authority.
- Commercially focused with a clear understanding of profitability and risk appetite.
- Strong negotiation and communication skills.
- Analytical and comfortable interpreting portfolio data and performance information.
- Highly organised with excellent attention to detail.
- Collaborative approach with the ability to build relationships across multiple functions and locations.
- What’s on Offer
- Competitive base salary, dependent on experience.
- Discretionary performance-related bonus.
- Non-contributory pension.
- Private medical and family health cover.
- Dental insurance.
- Hybrid and flexible working arrangements.
- Comprehensive employee wellbeing benefits.
- Opportunity to work within a highly established international specialty insurance platform.
- Excellent exposure to the London Marine market with the opportunity to contribute to portfolio growth and strategy.
- Location
- London – City
Hybrid working is available, offering a balance between office collaboration and flexibility.
About the Business
The organisation is a leading international specialty (re)insurance platform with a significant presence in the Lloyd's market and international offices across multiple global insurance hubs.
The business has a strong reputation within specialty insurance and provides its teams with the opportunity to work on complex international risks alongside experienced market professionals.
This is an opportunity for an established Marine Cargo Underwriter to join a high-performing team and play a meaningful role in the continued development of its international Cargo portfolio.
All applications will be treated confidentially.
Underwriter - Marine Cargo in Slough employer: Rotate
Rotate is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals in fire safety consultancy. With a strong emphasis on employee development and growth opportunities, you will be supported in advancing your career while working on impactful projects that shape the future of fire safety. Located in the UK, our team enjoys a dynamic environment where quality assurance and operational excellence are at the forefront of our mission.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Marine Cargo in Slough
✨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 Rotate). 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 Rotate. 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 Cargo in Slough
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 Rotate.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Rotate. 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 Rotate
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Rotate 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 Rotate, 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 Rotate'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.
