Position Overview
We are looking for an Underwriter to join our Hull & War team. If you are a broker looking to get into underwriting or an experienced Hull underwriter ready for your next challenge, this role will offer you the opportunity to work on a broad and diverse portfolio, as part of a growing Marine account. You'll be responsible for building and developing broker relationships in the Lloyds market, taking ownership of new business and renewals across the entire portfolio.
Travelers Europe offers hybrid work arrangements, with full‑time employees working three days a week in the office and two days at home (or pro‑rated for part‑time employees).
Responsibilities
- Contribute to the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
- Ensure that 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 ensuring business is only accepted in accordance with individual underwriting authority and, where relevant, with approval under the Lloyds Individual Registration Byelaw and the Unit’s business plan for the relevant year.
- Support the development of assigned Line of Business and services such as researching and identifying 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.
- Gather data and prepare reports to support the professional execution of corporate/business underwriting policies and standards.
- Monitor market factors and world affairs as part of research and development of new opportunities.
- Promote the Travelers Line of Business, distribution strategy and philosophy, and provide guidance on the Company’s underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
- Provide guidance, mentoring and coaching to others as appropriate.
- Perform other duties as assigned.
Ideal Candidate
- Experience within the Lloyd’s market, with a basic understanding of internal and external factors that impact the market.
- Hull and War underwriting experience.
- Emerging technical proficiency and application of knowledge commensurate with underwriting authority.
- Sound quoting and pricing decisions that are in the Company’s best interests.
- Intermediate knowledge and ability in judgment, decision making, communication and team work.
- Intermediate knowledge and experience in Relationship Management: seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
- Intermediate knowledge and experience in Analytical Thinking/Financial Acumen: identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making; utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on overall profitability.
- Intermediate knowledge and experience in Product/Technical: demonstrates technical proficiency and application of knowledge commensurate with underwriting authority.
- Intermediate knowledge and experience in Business Perspective: uses knowledge of internal and external factors that impact the Lloyd’s Market to make decisions.
- Expected to be studying towards ACII qualification.
Must Have
- Previous London Market insurance experience in either an underwriting or broker capacity.
- Secondary level education or equivalent.
Benefits
- Private Medical Insurance: eligible for single cover provided by Travelers, with the option to add cover for dependents at your expense through payroll deduction.
- Retirement: core contribution to Pension Plan; increased contribution when the employee also contributes.
- Holiday Entitlement: minimum of 25 days annually, with the opportunity to purchase additional days for up to 35 days per year.
- Wellness Programme: tools, discounts and resources to support wellness goals and caregiving needs; mental health program with free professional counseling services.
- Volunteer Encouragement: Matching Gift and Volunteer Rewards programme to support charitable giving.
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. Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.
