At a Glance
- Tasks: Lead international operations and develop innovative insurance products in the tech sector.
- Company: Tera Underwriting, a leader in specialty insurance for computing hardware.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Join a forward-thinking team in London with a focus on high-value computing.
- Why this job: Be at the forefront of global insurance, shaping the future of tech risk management.
- Qualifications: Experience in underwriting and strong relationship-building skills in the insurance market.
The predicted salary is between 100000 - 150000 £ per year.
The Head of International will serve as the senior executive responsible for establishing and leading Tera Underwriters' international operations from London. This role carries direct binding authority as the named underwriter on the Rest of World ("RoW") Covernote Binder and is accountable for building Lloyd's syndicate capacity, cultivating London market broker relationships, underwriting international risk placements as well as assisting with US underwriting operations, and driving new product development across target growth industries. The Head of International will be instrumental in positioning Tera as the pre-eminent specialty underwriter for compute hardware risk in the global insurance market.
Responsibilities
- Serve as the named underwriter on the Rest of World ("RoW") Covernote Binders, exercising binding authority on international risk placements in accordance with the binders’ terms of authority and underwriting guidelines.
- Develop and execute the international distribution strategy, cultivating new and existing Lloyd's of London broker relationships to drive international risk flow and premium growth, while also supporting growth initiatives in the US.
- Engage in capacity discussions with Lloyd's syndicates and insurance carriers to secure and expand support for existing and new Tera products, managing ongoing syndicate relationships and capacity renewals.
- Lead new product development initiatives, identifying target growth industries and developing strategy for product roll-out in adjacent specialty lines aligned with Tera's core competencies in high-value computing and technology hardware.
- Build out and refine underwriting guidelines, frameworks, and rating methodologies for existing and new insurance products, ensuring consistency with Lloyd's market standards and Tera's proprietary valuation and loss settlement approaches.
- Underwrite international risks across the computing hardware portfolio, including Crypto Mining Hardware and AI/HPC Compute Hardware, applying technical assessment protocols.
- Provide underwriting support for the US portfolio as required, collaborating with the US-based underwriting team on complex or cross-border placements.
- Manage syndicate and capacity partner relationships in the London market, acting as Tera's primary point of contact for Lloyd's syndicates, follow markets, and reinsurance partners.
- Support reinsurance placement activities, including facultative and treaty negotiations, working with reinsurance brokers and capacity partners to optimise Tera's risk.
Head of International, TERA Underwriting in London employer: RT Specialty, LLC
As a Lead London Market PI Underwriter, you will thrive in a dynamic and supportive work environment located in the heart of London. Our company prioritises employee growth through comprehensive training and development opportunities, fostering a culture of collaboration and innovation. With a strong emphasis on building long-term relationships and achieving business targets, we offer a rewarding career path for those looking to make a significant impact in the professional indemnity sector.
