At a Glance
- Tasks: Lead underwriting strategy and support profitable growth in casualty insurance.
- Company: Join Travelers, a top property casualty insurer with over 170 years of innovation.
- Benefits: Enjoy private medical insurance, generous holiday entitlement, and a wellness programme.
- Other info: Flexible hybrid work arrangements and opportunities for community involvement.
- Why this job: Make a real impact in a collaborative environment while developing your leadership skills.
- Qualifications: Strong casualty underwriting experience and excellent communication skills required.
Who Are We? Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
What Is the Opportunity? We are seeking a Casualty Underwriting specialist to join our Underwriting Office team as Deputy Casualty Underwriting Officer. In this role, you will apply your technical expertise to support the lead Underwriting Officer and leadership teams across Business Insurance Retail and SME in driving the profitable growth of our Casualty and Third Party portfolios. You will take a lead role in developing and managing the underwriting strategy for the Business Insurance Retail & SME Casualty portfolio. Working closely with colleagues across underwriting, claims, and actuarial, you will proactively monitor portfolio performance and intervene where needed — contributing to net risk appetite, rate and risk tolerance, volatility, accumulations and aggregations, market indicators, and deviation from plan. Through oversight and leadership of Underwriting and Portfolio reviews, you will ensure an optimal mix of business that supports our growth and profitability objectives. You will also provide hands‑on guidance to Underwriters on complex casualty risks, playing a pivotal role in maintaining underwriting discipline across the portfolio.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full‑time employees working three days a week in the office and two days at home (or pro rata for part‑time employees). This policy may be changed at the Company’s discretion.
What Will You Do? Support the development and execution of strategic underwriting direction (both short and long term to include rate strength, appetite, business mix and capacity deployment) and alternative risk transfer mechanisms (including reinsurance solutions) consistent with the corporate strategy to effectively position the right products, lines of business programmes and/or services to the right market segment through responsible underwriting decisions. Support the setting of strategy for rate adequacy, product, and pricing within assigned portfolios to achieve maximum earnings/planned ROE. Support the UW Officers – in the governance and oversight of rating tools, associated infrastructure, and provision of rates. Support the analysis of internal and external emerging issues and trends and provide resultant underwriting direction incorporating feedback from Claim, Risk Control and Actuarial. Effectively mentor and coach/unwrite underwriting staff to ensure production, underwriting standards and profitability objectives are achieved. Contribute to establishing, review and execution of underwriting standards and controls (including Underwriting authorities) as required. Respond to external changes in the regulatory and legislative environment including liaison with regulatory and technical bodies. Have oversight of technical content of BI underwriting materials (e.g., TRV policy wordings; underwriting guides, policy summaries, procedures, technical resource articles etc.) and breadth of coverage contained with non-Travelers wordings. Perform other duties as assigned.
What Will Our Ideal Candidate Have? Solid experience in commercial underwriting and product within the property and casualty industry. Leadership skills with the ability to coach, develop colleagues, and align resources to accomplish key objectives. Strong written and verbal communication skills with the ability to influence various audiences across the enterprise. Strong relationship building skills with the ability to work independently and collaboratively with internal and external partners. Proficiency in Microsoft Excel, Word, PowerPoint, and Teams.
What is a Must Have? Strong Casualty Underwriting experience.
What Is in It for You? Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction. Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution. Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year. Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs. Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
Employment Practices Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
Deputy Underwriting Officer - Casualty employer: The Travelers Indemnity Company
Travelers is an exceptional employer that prioritises the well-being of its employees through a supportive work culture and comprehensive benefits, including private medical insurance, a robust pension plan, and a generous holiday entitlement starting at 25 days. With a strong emphasis on professional development and community involvement, employees are encouraged to grow their skills while making a positive impact in their communities. The hybrid work model further enhances work-life balance, making Travelers a rewarding place to build a meaningful career.
Contact Details:
The Travelers Indemnity Company Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Deputy Underwriting Officer - Casualty
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We think you need these skills to ace Deputy Underwriting Officer - Casualty
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 The Travelers Indemnity Company.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Travelers Indemnity Company. 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 The Travelers Indemnity Company
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Travelers Indemnity Company 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 The Travelers Indemnity Company, 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 The Travelers Indemnity Company'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.
