Delegated Authority Underwriter -Political Violence – Chaucer Group job at London Full Time NEW

To manage, underwrite and grow (profitably) the Political Violence and Crisis Management delegated authority (DA) book. To take responsibility for all DA business within the Political Violence and Crisis Management from a business planning, production and oversight perspective.

Main duties

1. Support the Head of Political Violence (PV) in writing a profitable PV and CM Delegated
2. Authority book, including binders, lineslips, broker facilities, Fac Reporters and Treaties
3. Take responsibility for all DA business in the division
4. Review of new and renewal relationships, including but not limited to, slip analyses,
5. rating/benchmark analysis and premium monitoring.
6. Take responsibility for the monitoring and oversight of Delegated Authority business, including referringbinders to DA Operations and Completing Referral templates.
7. Support the production of a business plan for review and agreement by management
8. Input into the monthly and quarterly forecasting process
9. Underwrite in accordance with underwriting authority and the business plan
10. Seek out new DA business opportunities through liaison with brokers and clients, on-boarding in line with Chaucer’s DA Framework
11. Travel to support growth and robust oversight of the divisions DA book, including recording meetings in meeting capture app
12. Build tools to aid the monitoring of all DA business from a controls, oversight, governance and underwriting perspective
13. Work with the DA CoE to implement mid-year DA reviews
14. Be proactive in the management (underwriting and oversight) of all DA business written by the division
15. Look to Cross Sell other products with PV/CM coverholders as well as building out our PV offering via Property, Casualty, Marine and Cyber coverholders
16. Carry out underwriting file reviews on each DA relationship and work with the DA Oversight team following the external audit of coverholders
17. Liaise with brokers, coverholders and reinsurers and develop good working relationships
18. Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial etc.
19. Use market, industry and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and PV in general
20. Responsibility for the accuracy and upkeep of all DA KPIs, working closely with the UW Operations team
21. Prepare reports and statistical information as required by senior management
22. Adhoc DA projects to support the DA CoE
23. Assist in the continuous assessment of rating and benchmarking models for DA business

Our requirements

Relevant experience

Essential

1. Minimum of 4 years working within the Lloyds insurance environment. Relevant experience in PV Insurance, knowledge of the London and Lloyd’s markets and experience managing a DA book of business
2. Technical skills
3. Essential
4. MS Office – including Excel, PowerPoint & Word.
5. Relevant insurance platform experience – PPL &Whitespace.

A detailed understanding of fundamentalinsurance/reinsurance concepts, MRC slip standards, contract certainty requirements, market standard model clauses (NMA, LMA, LSW model endorsements & exclusions), and class-specific terms and conditions

Education & Experience

Essential

1. ACII qualified or working towards achieving

Personal skills

1. Professional outlook
2. Flexible at all times
3. Very good interpersonal skills
4. Excellent organisational skills
5. Excellent communication skills with the ability to liaise at all levels
6. Work as part of a team
7. Adapt to a pressured environment
8. Self-motivated

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.