Underwriter - International General Liability

London Source: WhatJobs

£70,000–£120,000

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.

Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website

Job summary

To underwrite and manage a profitable International General Liability book.

Support the Head of Intl GL in writing a profitable International General Liability book focused on Delegated Authority business
Take responsibility for part of the International General Liability class of business including monitoring and oversight of Delegated Authority business
Support the production of a business plan for review and agreement by Divisional
Head Input into the monthly and quarterly forecasting process for the International General Liability class
Underwrite in accordance with underwriting authority and the business plan
Seek out new business opportunities through liaison with brokers and clients
Review of new and renewal risks including slip analyses, perform rating/benchmark analyses and undertake premium monitoring
Liaise with brokers and develop good working relationships with broking and support teams
Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial etc.
Use market, industry and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the Int GL market in general#
Peer Review of Delegated Authority business as allocated under the peer review selection criteria and responsibility matrix as set out in the Underwriting Manual.
Responsibility for the accuracy and upkeep of written premium data on Charisma and other systems for all risks written within the area of responsibility
Work closely with the Delegated Authority Centre of Excellence as a focal point for Delegated Authority business
Prepare reports and statistical information as required by senior management
Assist in the continuous assessment of rating and benchmarking models
Travel to visit existing and potential clients as required
Ensure compliance with and maintenance of Group systems
Compliance with Lloyd's and CIC regulations and byelaws

Our requirements

Delegated Authority Underwriting experience

Ideally 5 years working within the Lloyds insurance environment

Desirable relevant experience in Casualty International Liability Insurance or related classes and knowledge of the London and Lloyd's Delegated markets

Technical skills

MS Office - including Excel & Word

Relevant insurance platform experience - PPL & White space

Comfortable with using in-house underwriting management systems

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

Education & Experience

Desirable ACII qualified or working towards achieving associateship.

Why Join C

haucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are. We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.