At a Glance
- Tasks: Underwrite individual risks and manage relationships with coverholders in the Lloyd's market.
- Company: Join a leading international insurance firm with a focus on innovation.
- Benefits: Competitive salary, professional development, and opportunities for travel.
- Other info: Collaborative environment with opportunities to mentor junior colleagues.
- Why this job: Make an impact in the dynamic world of international general liability insurance.
- Qualifications: 5+ years of underwriting experience and strong technical knowledge required.
The predicted salary is between 60000 - 80000 £ per year.
Key Accountabilities & Role Requirements:
- Underwriting individual risks
- Underwrite at the Lloyd’s box
- Manage coverholder relationships through regular dialogue
- Keep abreast of legal changes in key territories and their impact on our portfolio
- Travel to see coverholders, clients and brokers in key territories
- Managing market dynamics through the market cycle
- Pipeline and development of opportunities with key brokers
- Managing internal stakeholders
- Work within agreed Underwriting Authority and Westfield Specialty International Underwriting framework
- Deputise for the Head of International Liability where required
- Cross sell with other lines of business (particularly Property / FinPro)
- Working with colleagues to train and develop more junior colleagues
Skills & Competencies Required:
- Proven experience underwriting GL risks in the Lloyd’s or international insurance market.
- Strong technical knowledge of GL related risk.
- Understanding of market cycles, broker dynamics, and regulatory environment within Lloyd’s and global insurance markets.
- Excellent negotiation, communication, and presentation skills.
Qualifications & Experience:
- Minimum 5 years of underwriting experience in General Liability Insurance.
- ACII qualification (or working towards completion)
This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.
Underwriter, International General Liability in London employer: Westfield Insurance
As an Underwriting Assistant in Reinsurance, you will thrive in a dynamic and supportive environment that prioritises employee development and growth. Our company fosters a collaborative work culture where you can build meaningful relationships with brokers and clients while receiving comprehensive training to enhance your underwriting skills. Located in a vibrant area, we offer competitive benefits and a commitment to compliance and excellence, making us an exceptional employer for those seeking a rewarding career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, International General Liability in London
✨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 Westfield Insurance). 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 Westfield Insurance. 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, International General Liability in London
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 Westfield Insurance.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Westfield Insurance. 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 Westfield Insurance
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Westfield Insurance 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 Westfield Insurance, 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 Westfield Insurance'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.
