Underwriter War

General

Job Title: Underwriter - Hull and War

Division: Hull and War

Reports To: Focus Group Leader, Hull and War

Key Relationships: Brokers, Underwriters, Claims Staff, Other Staff, Coverholders, External Clients and Suppliers

Job Summary:

To underwrite Hull and War accounts within the Hull and War Team, providing counsel and advice on underwriting-related issues. Offer technical expertise in this business area and maintain and enhance the market reputation of the Beazley brand.

Key Responsibilities:

• Develop and underwrite a profitable portfolio of Hull and War business as part of the team.
• Structure tailor-made solutions considering underwriting parameters, policies, and using knowledge and experience to win new business and retain existing clients.
• Monitor premiums, costs, and claims ratios per contract; take corrective measures if necessary to ensure long-term profitability.
• Evaluate appropriate risk premiums considering risk costs, reinsurance cessions, capital exposure, and costs, using rating models as applicable.
• Monitor peer underwriters' work to ensure profitability and efficient account administration.
• Supervise assistants to ensure compliance with underwriting philosophy, policy, and team consistency.
• Comply with Beazley's underwriting control standards for business written through Lloyd's or Beazley's internal MGAs.
• Develop good relationships with claims managers for this business class.
• Produce business plans/research documents for the M&A account as required.

It is essential to adhere to Beazley's core values—Being Bold, Striving for Better, and Doing the Right Thing—fostering teamwork and promoting a positive brand image and customer experience.

We also expect employees to:

• Follow Beazley's procedures, policies, and regulations, including the FCA and PRA Conduct rules.
• Undertake training on policies and procedures as directed by management or compliance teams.
• Uphold business ethics, ensuring fair customer interactions and appropriate products.
• Fulfill specific responsibilities outlined by your manager and stay updated on standards and regulations.
• Participate in additional responsibilities or committees as assigned.

Personal Specification:

Education and Qualifications:

• Minimum graduate level education

Skills and Abilities:

• Proficient underwriting skills
• Accurate and numerate
• Good knowledge of MS Office, especially Excel
• Strong analytical skills and attention to detail
• Effective verbal and written communication skills
• Time management, deadline adherence, and prioritization skills
• Motivational skills

Knowledge and Experience:

• General commercial and financial knowledge
• Conceptual thinking