Business Insurance helps companies in the UK and Ireland identify, prepare for and mitigate risks by offering a broad array of industry-specific, combined property and casualty insurance solutions to customers. This includes SME solutions traded directly, Commercial Accounts traded via brokers, and Corporate Solutions to FTSE 350 Risk Managed companies.
We are looking for a Senior Property & Casualty Underwriter to join our renewals team in London. This is an exciting opportunity to take responsibility for our large complex existing business underwriting, including global and multinational business. You will leverage your underwriting expertise to proactively drive submissions, quotes, and binds and enjoy building strong partnerships with brokers, delivering tailored insurance solutions that truly make a difference. You will be a decisive, detail-oriented professional who is able to independently assess risk, negotiate winning terms, and showcase our products to fuel Travelers' sustainable profitability and success.
Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company's discretion.
What Will You Do?
- Manage the profitability, growth, and retention of an assigned book of business primarily comprised of moderate to complex accounts across all our products.
- Underwrite and skillfully negotiate moderate to complex risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
- Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
- Identify and take corrective action based on individual risk characteristics identified through Portfolio Management to actively manage your portfolio of risks.
- Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
- Proactively utilise various technology platforms to quote and bind risk efficiently.
- Prepare, lead and present Underwriting Reviews for individual policies or portfolios/schemes and manage action points.
- Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
- Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
- Develop and execute retention plans and support the new business teams to win business that align with the team's sales plans to drive success working in partnership with the sales team.
- Train and mentor less experienced underwriters.
- Support and collaboration for more junior members of the team, including referrals.
Senior Underwriter - Property & Casualty - Existing Business in City of London employer: Travelers Insurance Co. Ltd.
At Travelers, we pride ourselves on fostering a dynamic and inclusive work environment that empowers our employees to thrive. As a Senior Tech Ops Engineer in Europe, you will benefit from our hybrid work model, allowing for a balanced approach to work and life, while also having access to continuous professional development opportunities. Join us to be part of a collaborative team that values innovation and supports your growth in the ever-evolving technology landscape.
Contact Details:
Travelers Insurance Co. Ltd. Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - Property & Casualty - Existing Business in City of London
✨Get Involved in Local Property Events
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Got your eye on a specific company like Travelers Insurance Co. Ltd.? Don't hesitate to send a direct message or an email expressing your interest. Personalise your approach, maybe mentioning a recent listing or project of theirs, and it could set you apart from other candidates.
✨Utilise Property Management Platforms
Check out property management platforms and job boards tailored for the real estate sector. They often have exclusive listings, especially for full-time roles. Don't forget to visit Travelers Insurance Co. Ltd.'s careers page directly; we love seeing passionate candidates applying through our website!
Some tips for your application 🫡
Show Your Real-Estate Savvy:When crafting your CV and cover letter, make sure to highlight any relevant experience in the real estate sector. If you've done internships, assistant roles, or even relevant coursework, lay it out clearly. We want to see your familiarity with market trends, property management, or any sales experience you've got under your belt!
Quantify Your Achievements:In real estate, numbers speak volumes! When detailing your past roles, use concrete figures to demonstrate your achievements. For example, mention how many properties you sold, the percentage increase in client satisfaction, or any successful negotiations. These metrics can give your application that extra punch it needs!
Tailor Your Documents for the Job:Every application should feel personal. When applying for the Senior Underwriter - Property & Casualty - Existing Business role at Travelers Insurance Co. Ltd., tweak your CV to focus on aspects that are important to them. If they value client relationships, emphasise your interpersonal skills. We want to see you aligning your experiences with what they're looking for!
Keep It Professional Yet Approachable:While we want you to show off your expertise, don't forget to let your personality shine through in your cover letter. A touch of friendliness can set you apart, especially in real estate where client interaction is key. Show that you're ready not just to work with the property but also with people!
How to prepare for a job interview at Travelers Insurance Co. Ltd.
✨Know Your Market Trends
In real estate, it’s all about staying ahead of the curve. Make sure we brush up on the latest market trends in the area where Travelers Insurance Co. Ltd. operates. Being able to discuss local property values, demand, and upcoming developments will show that we’re not just interested in the job, but genuinely invested in the industry.
✨Prepare for Scenario Questions
Expect some scenario-based questions during the interview. We might get asked how we’d handle different client situations or property evaluations. Preparing our responses for common real estate scenarios not only demonstrates our problem-solving skills but also shows that we can think on our feet in a client-facing role.
✨Showcase Your Connections
In full-time real estate, networking is key! Let’s think about our connections in the industry and what we can bring to Travelers Insurance Co. Ltd.. Whether it’s insights on prospective clients or relationships with local contractors, talking about these experiences can set us apart from other candidates.
✨Demonstrate Technical Savvy
Familiarity with different real estate software tools is a big plus. We should be ready to discuss any platforms we've used, whether it's for property management, CRM, or data analysis. Being comfortable with technology not only makes us more efficient, but also shows that we’re adaptable to the tools used at Travelers Insurance Co. Ltd..
