Class Underwriter - Marine PI

Job Profile Summary

To participate in all aspects of underwriting and effective management of the Marine PI portfolio supporting PI Lead as required.

Job Description

• Support Marine PI Lead in driving growth via established distribution channels whilst developing new distribution opportunities including through engagement with Chaucer international hubs.
• Agreement and negotiation of renewals and new business in accordance with underwriting authority and aligned to Marine PI growth appetite/ambitions.
• Agreement of endorsements / amendments / promised lines in accordance with underwriting authority.
• Acceptance of individual declarations to specified line-slips.
• Agreement of special acceptances and referrals to binding authorities, line-slips and treaties.
• Pro-active Marketing to meet class and divisional budgets.
• Build on existing and develop new long term client relationships including where appropriate foreign travel.
• Build strong market peer group reputation.
• Participating on and where appropriate chairing special projects as and when required in order to meet Chaucer’s long-term objectives.
• Ensure underwriting records are properly recorded and updated, including client files.
• Specific account analysis.
• Peer Review of risks 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 all written premium data on Charisma for all risks written within the area of responsibility.
• Liaison with Operations Department.
• Liaison with Claims Department.
• Client liaison for allocated risks.
• Referral point for Assistant Underwriter and Deputy.

Regulatory Responsibilities

Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.

Manage the relationships with Customers, Agents and Service Providers:

Skills and Competencies

Relevant underwriting experience specific to Marine PI class, excellent negotiating ability with brokers and liaising with clients

Strategic & Innovative Thinking Translates organisational vision through effective goal setting and strategic planning. Able to think creatively and innovatively

Commercial Awareness Understanding of the way the business works and displays knowledge of the external market place, in order to drive the business forward.

Execution Striving to build key relationships and showing ownership of targets; focusing on results

Resilience & Adaptability Demonstrates high personal resilience and ability to adapt to change.

Education

• ACII Qualified

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.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). 

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.