Senior Underwriter - Yachts

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 looking for a Senior Underwriter to be responsible for managing the profitability of the Yachts Business by underwriting and processing new business, renewals and midterm adjustments, monitoring rate adequacy of all business written or handled. You will ensure that the strategy is executed and reviewed and performance/results are monitored, reviewed and reported upon as required. Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy.

What Will You Do?

• Manage the underwriting of a particular Line of Business.
• Support the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
• Ensure that the business is written in accordance with the Company’s policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards.
• Support the development of assigned Line of Business and services such as researching and identifying the target business, competitor information, industry and economic factors across the business.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
• Prepare the analysis and gather data to support the professional execution of corporate/business underwriting policies/standards.
• Work closely with other business functions to allow optimum use of resources available with the organisation.
• Monitor Line of Business results and make recommendations for corrective action as necessary.
• Monitor market factors and world affairs as part of research and development of new opportunities.
• Promote Travelers’ Line of Business, distribution strategy and philosophy and provide guidance on the Company’s underwriting philosophy, procedures and requirements.
• Provide guidance, mentoring and coaching as appropriate.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Thorough knowledge of industry business operations and work methods, critical business issues and financial drivers that affect the Line of Business.
• Thorough knowledge of the local insurance marketplace and effectively uses that knowledge to the Company’s advantage.
• Routinely sought out by others as a knowledge resource; coaches / mentors less experienced employees on an ongoing basis.
• Demonstrates full knowledge and experience in respect of Business Perspective.
• Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen.
• Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
• Demonstrates full knowledge and experience in respect of Relationship Management.
• ACII qualification.

What is a Must Have?

• Thorough underwriting experience in the Lloyd’s and/or company market.

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.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.

Employment Practices: Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization.