At a Glance
- Tasks: Underwrite diverse global Contingency risks and build strong broker relationships.
- Company: Join Tokio Marine HCC, a leading specialty insurer with a dynamic culture.
- Benefits: Competitive salary, great benefits, and opportunities for professional growth.
- Other info: Be part of a rapidly growing team with excellent career prospects.
- Why this job: Make an impact in the insurance industry while developing your skills.
- Qualifications: Degree in business or economics, strong numeracy, and communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Overview
Tokio Marine HCC is one of the world’s leading specialty insurers, recognised for its underwriting expertise, strong balance sheet, and disciplined approach to risk. The Contingency team underwrites a diverse global portfolio including event cancellation, film & television, parametric weather, non‑appearance, terrorism, and political risk. The individual will primarily be underwriting the Contingency portfolio across the London market, and via the international broker network including the group collaborations with Tokio Marine. They will also provide technical and strategic direction across the Contingency portfolio, while developing strong broker and market relationships and ensuring alignment with governance, compliance, and reinsurance requirements.
Job Purpose
To support the strategic growth and technical authority for the global Contingency portfolio, ensuring profitable growth, disciplined risk selection, robust policy wordings, effective reinsurance support, and strong broker relationships.
Key Responsibilities
- Underwriting Contingency Portfolio: Technical pricing of Contingency risks including for Event Cancellation, Non-Appearance, Prize Indemnity, Parametric Weather and other miscellaneous contingent risks. Focus on servicing brokers in London market, international broker network and TM offices globally. Support efficient placement of risks utilizing Specialty Marketplace – assist the evolution of the portal to react to broker needs in terms of product development.
- Reinsurance Oversight: Support the delivery of the annual Treaty renewals, and ongoing Fac across all Specialty Lines (Disability, Crisis Management, Contingency, Parametric Weather and any new lines which might be absorbed within the Specialty Portfolio). Provide oversight and technical input into Contingency reinsurance arrangements, including treaty structures, facultative placements, autofacs, and renewals. Review and approve reinsurance documentation, endorsements, and amendments relevant to the Contingency portfolio. Support discussions around exposure, and aggregation with reinsurance partners and internal stakeholders. Work closely with Reinsurance, Compliance, and Senior Management to ensure appropriate risk transfer and capital protection.
- Policy Wording & Technical Governance: Lead the drafting, review, and approval of policy wordings, endorsements, and exclusions for Contingency risks. Help resolve technical, legal, and jurisdictional issues where required. Ensure policy documentation is consistent, legally robust, and aligned with market practice and regulatory requirements. Act as escalation point for wording disputes, interpretation issues, and complex coverage questions.
- Exposure Management & Aggregation: Oversee monitoring and management of accumulation and aggregation risk within the Contingency portfolio. Review exposure reports relating to geography, peril, and event concentration, including politically sensitive regions. Support internal and external reporting requirements relating to aggregate exposure and risk position. Ensure underwriting decisions appropriately reflect exposure limits and aggregation controls.
- Broker & Market Relationship Management: Act as a point of contact for key brokers and market partners. Communicate underwriting appetite, coverage positions, and market stance clearly and consistently. Maintain strong market presence and contribute to the firm’s reputation as a leading insurer of Contingency risks.
- People Leadership & Team Oversight: Support development of underwriting capability, technical standards, and consistent underwriting practices. Contribute to performance management, coaching, and mentoring within the team.
- Cross‑Functional & Senior Stakeholder Engagement: Work closely with Compliance, Finance, Catastrophe Modelling, Reinsurance, and Operations teams to support underwriting activity. Respond to senior management queries relating to underwriting decisions, exposure, and portfolio performance. Support governance processes, internal audits, and regulatory interactions as required. Contribute to internal initiatives aimed at improving underwriting discipline, efficiency, and controls.
Essential Skills and Experience Specification
- London Market Experience
- Degree level education (Ideally business or economics) and strong numeracy
- Well-developed IT skills
- Strong communication skills (verbal and written)
- Ability to work well within a team and build strong relationships with colleagues and clients
- Willingness to learn and work proactively
Desirable
- 5+ years experience in Contingency.
- A level Maths (or equivalent)
What We Offer
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.
Underwriter employer: Tokio Marine HCC
Tokio Marine HCC is an exceptional employer, offering a dynamic work environment in the heart of London, where employees can thrive in their careers while contributing to a leading specialty insurer. With a strong focus on professional development, competitive salaries, and a commitment to diversity and inclusion, employees are empowered to build meaningful relationships within the industry and enhance their underwriting expertise. The collaborative culture fosters innovation and supports personal growth, making it an ideal place for those seeking a rewarding career in insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially in the London market. Attend events, join online forums, and don’t be shy to reach out on LinkedIn. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research Tokio Marine HCC and the Contingency portfolio inside out. Be ready to discuss how your skills align with their needs, especially around underwriting and risk management. Show them you’re not just another candidate!
✨Tip Number 3
Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers. Focus on articulating your experience in underwriting and how you can contribute to profitable growth. Confidence is key when you’re in front of potential employers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining our team at Tokio Marine HCC. Let’s make it happen together!
We think you need these skills to ace Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your experience in underwriting, especially in Contingency risks, and showcase any relevant skills that match the job description.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Mention your understanding of the London market and your ability to build strong broker relationships, as these are key aspects of the job.
Showcase Your Technical Skills:Since the role involves technical pricing and policy wording, be sure to highlight your numerical skills and any experience you have with drafting policy documents. This will show us you’re ready to hit the ground running.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it, so don’t miss out!
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Contingency Portfolio
Before the interview, dive deep into the specifics of the Contingency portfolio. Familiarise yourself with key areas like event cancellation and parametric weather risks. This will not only show your enthusiasm but also demonstrate your understanding of the role's technical requirements.
✨Brush Up on Technical Pricing
Make sure you understand the fundamentals of technical pricing for Contingency risks. Be prepared to discuss how you would approach pricing for different scenarios. This knowledge will be crucial in showcasing your expertise and strategic thinking during the interview.
✨Build Broker Relationship Scenarios
Think of examples where you've successfully built relationships with brokers or clients. Be ready to share these stories, highlighting your communication skills and ability to maintain strong market presence. This will illustrate your fit for the role and your proactive approach.
✨Prepare for Governance and Compliance Questions
Since governance and compliance are key aspects of the role, review relevant regulations and best practices. Prepare to discuss how you would ensure alignment with these requirements in your underwriting decisions. This will show that you take risk management seriously and are ready to contribute to the team's success.
