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- Tasks: Underwrite global business, build relationships, and contribute to strategy in a dynamic team.
- Company: Join Liberty Specialty Markets, a leading global insurer with a commitment to people and innovation.
- Benefits: Enjoy a vibrant work culture, career development opportunities, and a healthy work-life balance.
- Why this job: Be part of a successful team with over 40 years of experience in Professional Indemnity.
- Qualifications: Experience in underwriting, strong communication skills, and knowledge of market conditions required.
- Other info: Opportunity for growth in a supportive and inclusive environment.
The predicted salary is between 43200 - 72000 £ per year.
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Senior Underwriter: Professional Indemnity, London
Client: Liberty Specialty Markets
Location: London, United Kingdom
Job Category: Other
EU work permit required: Yes
Job Reference: 2d600f03843d
Job Views: 81
Posted: 18.02.2025
Expiry Date: 04.04.2025
Job Description:
About the Role:
The candidate will be an established underwriter in the market with strong broker relationships and possibly some client relationships. They may already be operating at Senior Underwriter level or seeking a new opportunity where they can make the next step up in their career. Appointment at Underwriter level will also be considered. Under limited supervision, the candidate will underwrite worldwide business across various professions in accordance with the business plan and within delegated underwriting authority.
The candidate should have knowledge of international business and experience in writing large corporate risks. They will also work closely with key stakeholders to help create new relationships and build out new opportunities across other business to further enhance the success and profitability of the team. The candidate will be expected to represent LSM and our values in all interactions with clients and brokers, and involvement with external market group(s) would be beneficial.
About the Department & Team:
Professional Indemnity is a mature class of business at LSM having been in the market for over 40+ years. Our underwriters provide over + years of combined professional indemnity experience and offer a broad range of products across multiple jurisdictions. The team has been profitable over recent years and is a Green Class allowing for growth. It is now a significant business within LSM with a structure that supports its growth aspirations.
Key Responsibilities:
Strategy and Planning
- Follow the annual business plan and Professional Indemnity strategy document in order to make appropriate decisions.
- Contribute and participate in all meetings in order to share and develop strategy, knowledge, and best practice.
- Contribute new ideas and concepts to support the development and delivery of the business plan.
- Work cross-functionally with counterparts in other functions (e.g. Claims, Actuarial, Finance, Portfolio Management etc.) to achieve objectives.
Delivery
- Establish and promote strong relationships with clients, brokers, business partners, reinsurers, and colleagues, to maximise influence and achieve business objectives.
- Represent Liberty’s interests with internal and external groups, and through participation in industry forums and corporate activity to safeguard or enhance Liberty’s market position.
- Demonstrate understanding and awareness of market dynamics and market cycles to support the performance of the underwriting team.
- Continually develop expertise and technical knowledge through appropriate development initiatives.
- Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including a) Negotiating rates, terms, and conditions for existing and new business b) Compliance with the production and issue of documentation in accordance with contract certainty requirements.
- Contribute and influence in the review and analysis of the portfolio, to identify new business development opportunities.
- Ensure entries are properly recorded onto relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures.
Policy, Process and Procedures
- Compliance with all applicable internal and external laws, regulations, policies, procedures, and guidance.
- Adhere to underwriting standards, instructions, and best practice methodology in order to minimise risk.
- Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM’s commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity.
Skills and Experience:
- Extensive knowledge of relevant market conditions for specific class/portfolio.
- Strong knowledge of legal and regulatory requirements.
- Thorough understanding of class-specific underwriting and reinsurance knowledge.
- Strong level of numeracy and literacy skills.
- Strong interpersonal and communication skills.
- Strong organisational and prioritisation skills.
- Ability to analyse and use data for decision making.
- Strong attention to detail.
- Experience gained within the insurance industry.
About Liberty Specialty Markets (LSM):
Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why “Put People First” is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
- Offering a vibrant and inclusive environment and committing to their career development.
- Promoting diversity, equity, and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
- Reinforcing that collaborating together to share our unique perspectives helps us make better decisions, deliver innovative solutions, and pursue our ambitious goals.
- A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
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Senior Underwriter: Professional Indemnity, London employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter: Professional Indemnity, London
✨Tip Number 1
Make sure to leverage your existing broker relationships. Reach out to your contacts and let them know you're looking for a Senior Underwriter position. Personal recommendations can go a long way in this industry.
✨Tip Number 2
Stay updated on the latest trends and changes in the Professional Indemnity market. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Engage with industry forums and networking events. Building connections with key stakeholders can open doors to new opportunities and enhance your visibility in the market.
✨Tip Number 4
Consider obtaining additional certifications or training related to underwriting and risk management. This can set you apart from other candidates and show your dedication to professional growth.
We think you need these skills to ace Senior Underwriter: Professional Indemnity, London
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Senior Underwriter position. Tailor your application to highlight your relevant experience in underwriting and your knowledge of professional indemnity.
Highlight Relevant Experience: In your CV and cover letter, emphasize your established relationships with brokers and clients, as well as your experience in underwriting large corporate risks. Use specific examples to demonstrate your expertise and how it aligns with the role.
Showcase Your Skills: Make sure to showcase your strong interpersonal and communication skills, as well as your ability to analyze data for decision-making. These are crucial for the role and should be evident in your application materials.
Tailor Your Cover Letter: Craft a personalized cover letter that reflects your understanding of Liberty Specialty Markets' values and culture. Mention how you can contribute to their growth aspirations and align with their commitment to putting people first.
How to prepare for a job interview at TN United Kingdom
✨Showcase Your Underwriting Expertise
Be prepared to discuss your previous underwriting experience in detail. Highlight specific cases where you successfully managed large corporate risks and how your decisions positively impacted the business.
✨Demonstrate Strong Broker Relationships
Since strong broker relationships are crucial for this role, come ready to share examples of how you've built and maintained these connections in your past roles. This will show your ability to influence and achieve business objectives.
✨Understand Market Dynamics
Familiarize yourself with current market conditions and trends in professional indemnity insurance. Being able to discuss these insights during the interview will demonstrate your awareness and strategic thinking.
✨Emphasize Compliance and Best Practices
Discuss your understanding of regulatory requirements and underwriting standards. Be ready to explain how you ensure compliance in your work and how you adhere to best practices to minimize risk.
