At a Glance
- Tasks: Underwrite marine energy and liability, build broker relationships, and monitor market opportunities.
- Company: Join Travelers, a leading property and casualty insurer with a collaborative culture.
- Benefits: Enjoy private medical insurance, a pension plan, and generous holiday entitlement.
- Other info: Hybrid work model with excellent career growth and support for professional development.
- Why this job: Make an impact in the dynamic Lloyd's market while developing your underwriting skills.
- Qualifications: Experience in underwriting or brokerage, and a university degree are essential.
The predicted salary is between 60000 - 80000 £ per year.
Overview
Travelers is a leading property and casualty insurer.
The Marine Energy & Liability Underwriter role sits in the London Market team, focusing on underwriting profitability across the book, processing new business, renewals and mid-term adjustments, and monitoring rate adequacy.
The role involves working on a broad Marine Liability account, building broker relationships, and contributing to the growth of Travelers' Marine platform.
This position supports a hybrid work arrangement (3 days in the office, 2 days remote) for full-time employees, subject to policy adjustments.
Responsibilities
- Own the profitability, growth and retention of the Line of Business and ensure consistency of underwriting initiatives.
- Underwrite in accordance with company policies, controls, audit requirements, and Lloyds Underwriting Management Standards, including authority levels and Lloyds Individual Registration Byelaw where applicable.
- Contribute to the development of the assigned Line of Business by researching target business, competitors, and market factors.
- Accurately enter quotes, risks and endorsements in appropriate systems to support management, statistical and regulatory reporting.
- Prepare data and reports to support underwriting policies and standards as needed.
- Monitor market factors and world affairs to identify new opportunities.
- Promote Travelers' Line of Business, distribution strategy and underwriting philosophy; build strong partnerships with agents, brokers and customers.
- Provide guidance, mentoring and coaching to colleagues as appropriate.
- Perform other duties as assigned.
Qualifications
- Experience within the Lloyd's market and understanding of internal/external market factors.
- Underwriting experience.
- University degree.
- Demonstrated technical proficiency and ability to apply underwriting knowledge relative to authority.
- Ability to make sound quoting and pricing decisions in the company's best interests.
- Strong judgment, communication and teamwork skills (intermediate level).
- Relationship Management: ability to build and maintain productive relationships to meet objectives.
- Analytical Thinking/Financial
Acumen: ability to analyse information, identify cause/effect and support decision making; understanding of finance and accounting principles as they relate to underwriting profitability.
- Product/Technical: technical proficiency commensurate with underwriting authority.
- Business Perspective: awareness of internal and external factors affecting the Lloyd's Market.
- Studying towards ACII qualification is expected.
- Must Have: Previous Property & Casualty insurance experience in underwriting, operations or brokerage; secondary education or equivalent.
Benefits/What Is In It For You
- Private Medical Insurance (single cover with option to add dependents, via payroll deduction).
- Pension plan with employer core contribution and potential enhanced company contribution if you contribute.
- Holiday entitlement: minimum 25 days, with option to purchase up to 35 days.
- Wellness Programme with resources and mental health support services.
- Volunteer Encouragement including Matching Gift and Volunteer Rewards programs.
- Equal opportunity employer; commitment to diversity and inclusion.
- Company-provided information about benefits at
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Marine Energy & Liability
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Travelers Canada). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Travelers Canada. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter - Marine Energy & Liability
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Travelers Canada.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Travelers Canada. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Travelers Canada
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Travelers Canada to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Travelers Canada, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Travelers Canada's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
