At a Glance
- Tasks: Develop and manage a profitable portfolio of risk management accounts.
- Company: Join Tokio Marine HCC, a leading specialty insurance group with a global presence.
- Benefits: Enjoy competitive salary, employee benefits, and opportunities for professional growth.
- Why this job: Be part of a collaborative team that values your insights and fosters innovation.
- Qualifications: Requires a Bachelor's degree and 7 years of relevant experience in underwriting.
- Other info: This role offers a chance to engage with industry experts and attend key events.
The predicted salary is between 120000 - 185000 £ per year.
Tokio Marine HCC (TMHCC) is a leading specialty insurance group with offices in the United States, the United Kingdom, Spain and Ireland, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. TMHCC products and capabilities set the standard for the industry, and many of the Company’s almost 4,000 employees are industry-leading experts.
TMHCC’s major domestic insurance companies have financial strength ratings of ‘A++’ (Superior) from AM Best and ‘A+’ (Strong) from S&P. We are looking for an experienced Excess Casualty underwriter to be part of a newly created team at Tokio Marine with the responsibility to develop, manage and maintain a profitable portfolio of predominantly risk management accounts. The candidate will be part of a collaborative risk-taking unit, where each member will be encouraged to offer their own opinions and perspectives to assist in building out a robust casualty organization. Regular engagement with claims, actuarial and other resources ensure a strong feedback loop between all units, enhancing specialization and proactive adjustments to emerging risks.
What You Can Expect In The Role
- You will need to build exceptional relationships with an assigned group of retail brokers to establish a flow of profitable opportunities within appetite.
- You will leverage skills in contract review, policy construction, risk evaluation and pricing to build a diverse portfolio of risk management accounts within underwriting guidelines.
- Meet individual goals for profitability, portfolio quality and performance KPIs.
- Evaluate risk acceptability within established guidelines, and risk quality within each target class, using risk insights, peer discussions and model outputs.
- Articulate your personal underwriting position and pricing thought process internally as well as externally to retail brokers and clients.
- You will solicit new and renewal account opportunities, within assigned retail brokers through strong, mutually beneficial relationships.
- Provide consistent visibility, quick decision making and efficient service.
- Negotiate policy terms, pricing, and optimal placement of capacity with an excess tower.
- Document underwriting thought process for each key area of exposure within target classes.
- You will attend designated industry events and remain a student of the business through industry articles, competitor results and emerging risk evaluation.
Education And Experience
- Minimum 4 Year / Bachelor’s Degree Business Administration, Accounting, Finance, a related field, or the equivalent education and/or experience.
- 7 Years relevant and progressive professional experience.
- Possess and have ability to apply broad knowledge of principles, practices, and procedures.
- Excellent written and verbal communications skills with an emphasis on confidentiality, tact, and diplomacy.
- Exceptional organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously.
- Knowledgeable of industry changes, legal updates, and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment.
- Intermediate proficiency and experience using Microsoft Office package (Excel, Access, PowerPoint, Word).
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of Companies is an equal-opportunity employer.
SVP, Excess Casualty Underwriter employer: Tokio Marine HCC
Contact Detail:
Tokio Marine HCC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SVP, Excess Casualty Underwriter
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work in excess casualty underwriting. Attend industry events and engage in discussions to gain insights and make connections that could lead to opportunities at Tokio Marine HCC.
✨Tip Number 2
Familiarise yourself with the latest trends and changes in the insurance market, particularly in risk management and casualty underwriting. This knowledge will help you articulate your understanding of the industry during interviews and discussions.
✨Tip Number 3
Prepare to discuss your previous experiences in building relationships with retail brokers. Highlight specific examples where you successfully negotiated terms or developed profitable accounts, as this is crucial for the role.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you evaluate risk acceptability and portfolio quality. Use real-life scenarios to demonstrate your thought process and decision-making abilities in underwriting.
We think you need these skills to ace SVP, Excess Casualty Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, risk management, and relationship building with brokers. Use specific examples that demonstrate your skills in contract review and policy construction.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role at Tokio Marine HCC. Discuss how your background aligns with their needs, particularly your ability to manage a profitable portfolio and engage with various stakeholders.
Showcase Your Analytical Skills: Provide examples of how you've used analytical skills to evaluate risks and make informed decisions in previous roles. This is crucial for the Excess Casualty Underwriter position.
Highlight Industry Knowledge: Demonstrate your understanding of the insurance industry, including recent changes and emerging risks. Mention any relevant certifications or continuous education efforts that showcase your commitment to staying informed.
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Underwriting Fundamentals
Make sure you have a solid grasp of underwriting principles, especially in excess casualty. Be prepared to discuss your experience with risk evaluation, policy construction, and pricing strategies during the interview.
✨Build Rapport with Brokers
Since the role involves establishing relationships with retail brokers, think about how you can demonstrate your relationship-building skills. Share examples of how you've successfully collaborated with brokers in the past to create profitable opportunities.
✨Showcase Analytical Skills
Prepare to discuss how you approach risk assessment and decision-making. Highlight your analytical skills by providing specific examples of how you've evaluated risks and made informed underwriting decisions in previous roles.
✨Stay Updated on Industry Trends
Demonstrate your commitment to continuous learning by discussing recent industry changes or emerging risks. This shows that you're proactive and knowledgeable, which is crucial for a role that requires staying ahead of the curve.