Time Type:
Full time
Working Pattern:
Hybrid
Purpose of the Role
AEGIS London is seeking a Delegated Property Underwriter to help provide maternity cover on a 16-18 months basis. The ideal candidate will already have full underwriting authority and have experience of both the Canadian and US Binder market.
It requires a solid understanding of contracts and wordings, the delegated compliance process, RMS modelling output and the ability to analyse Risk Level data in detail. This role will focus on the renewal of existing Canadian contracts and to provide support to the Class Underwriters, as required. As the year progresses there may be a need to offer the same support on the US binder account.
All of this should be combined with experience in various product types, strong broker connections and long-standing dealings with the key clients.
This role would likely suit an experienced Underwriter looking for a short term role within a market leading high performing team or an Assistant Underwriter looking to further their underwriting knowledge and experience in the same setting. We are also open to hearing from profiles who are looking to re-enter the market after a period in retirement or similar.
Duties and Accountabilities
Assist in underwriting the NMPBRW (International Binders) account on behalf of Syndicate 1225 in accordance with personal underwriting authorities and the Syndicate’s underwriting procedures, referring risks to the Class Underwriter, Head of Department or Active Underwriter when or if required.
Assist in delivering the required business mix, planned premium income and ULRs as agreed within the syndicate business plan (SBF), and contribute new ideas and concepts, where appropriate, to support risk selection and portfolio management.
Analyse and evaluate upcoming renewal contracts with a view to recommend, benchmark and price risks.
Prepare and present detailed Peer Review notes, which include pricing model output, contract and rating changes and Modelled Pre- Pricing analysis (RMS).
Lead/assist in renewal discussions with both London Broker and Coverholder.
Proactively monitor the existing portfolio including quarterly rate movement analysis, CAT Load movements and
EPI monitoring.
Help maintain and service strong relationships with Insureds, distributions partners, and reinsurers.
Ensure entries are properly recorded onto relevant internal systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregated line exposures.
Work alongside the Claims division to manage problem risks, restructuring proposals, and workout areas.
Comply with all applicable internal and external laws, regulations, sanctions, policies, procedures and guidance.
Skills, Knowledge and Experience
The successful candidate will have:
A working knowledge and underwriting experience of Canadian and US Delegated Property, including detailed comprehension of policy wordings, coverages, premium rates and risk factors.
Experience in managing a book of Delegated business and ownership of such.
A proactive and entrepreneurial approach.
Strong technical knowledge & analytical skills.
The ability to work collegiately as part of a team, as well as individually when required.
Excellent presentation and communication skills to help maintain long-term relationships with key stakeholders.
Strong organisational and planning skills, including the ability to prioritise and manage time effectively.
Strong Excel and Power BI knowledge.
Strong understanding of RMS output
Proficient in the knowledge and use of standard underwriting systems, process and procedure.
Preferably ACII qualified.
AEGIS Values
Fairness and respect
We make decisions considering the best interests of key stakeholders. We are direct and straightforward in our actions, working collaboratively to create a culture of fairness and respect.
Open and inclusive
We act with integrity, valuing diversity of thought and background. We take time to listen to the needs of our customers, stakeholders and colleagues working together to seek and share information.
Ambitious
We have a passion for success, aspiring to be recognised as best in class. We embrace new opportunities, encouraging innovation in pursuit of our goals.
Striving to be better
We strive to improve at all times, challenging complacency, being agile and adapting to change. We always seek to improve our customers’ experience with us.
Investing in people’s potential
We provide an environment where each employee can reach their personal potential. We encourage personal accountability for performance and individual ownership for growth and success.
AEGIS London is an equal opportunities employer and recognises the value of a diverse workforce in facilitating better decision making and business growth. We encourage a variety of differing views, perspectives and insights to create a collaborative working environment. Diversity and Inclusion are fundamental to our business and we encourage applications from all backgrounds recognising the diversity of society and our customers.
It’s important to us that you are able to perform at your best when applying for a role with AEGIS London. If there are any adjustments we can reasonably make to ensure that the process is accessible for you please telephone us on
+44(0)20 7856 7856
or email
recruitment@aegislondon.co.uk
As a business, we understand individual circumstances may differ and aim to be adaptable and to support flexible working practices. Talk to our recruitment team to understand how AEGIS London can help support you in reaching your full potential