Senior Underwriter: Casualty Binders

Senior Underwriter:
Casualty Binders

Department:
Delegated Authority Practice (DAP)

Team:
Casualty

Location:
London

Type:
Permanent

About the Role:

• An opportunity to join the market leading and hugely experienced Property & Casualty Binders team within Liberty Specialty Markets
• Handling a broad spread of Casualty risks with global footprint
• Maintain and build relationships with brokers, clients and business partners to renew and acquire new business for the portfolio
• Drive team strategy and planning including oversight of elements of business planning process

About the Department & Team:

• Liberty Specialty Markets has an established binder portfolio with experienced underwriting teams across many products. We have a wealth of experience in writing and supporting coverholders, both through Lloyd’s or company capacity. We pride ourselves on providing first class service levels, delivering market leading products and solutions, and responding to claims in a timely fashion
• A market-leading team with extensive experience in the Casualty Binders world. We deliver binding authorities for a wide range of specialist products and aim to build strong relationships with our coverholders worldwide
• We offer standard, bespoke and packaged liability products to our chosen cover holder partners across the globe. Our International Casualty business has been developed over many years thanks to the strong relationships built by the current senior leadership of the team
• Our core underwriting strategy is to focus on both affinity and commercial business, written through dedicated coverholders with a proven track record in risk management combined with strong historical underwriting results

Key Responsibilities:

• Support the development of the annual business plan for the Underwriting division and ensure delivery of the plan in accordance with stated risk tolerances
• Ensure the team’s awareness of the business plan and its context so that they can take appropriate action and make informed decisions
• Contribute and participate in all meetings to share and develop strategy, knowledge and best practice
• Contribute new ideas and concepts to support the development and delivery of the business plan

• Establish and strengthen relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives
• Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance
• Continually develop expertise and technical knowledge through appropriate development initiatives
• Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including (1) Negotiating rates, terms and conditions for existing and new business (2) Compliance with the production and issue of documentation in accordance with contract certainty requirements
• Contribute and influence in the review and analysis of the portfolio, to identify progress towards business objectives
• Ensure entries are properly recorded onto relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures

• Compliance with all applicable internal and external laws, regulations, policies, procedures and guidance
• Adhere to underwriting standards, instructions and best practice methodology in order to minimise risk
• Apply any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times.
  
  These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

• Manage resources across the team to ensure business requirements are achieved
• Motivate and develop the team by demonstrating good leadership behaviours and management best practice
• Manage performance in accordance with the company’s performance process

Skills and Experience:

• Thorough understanding of casualty underwriting and reinsurance knowledge
• Significant experience gained within the insurance industry
• Ability to analyse and use data for decision making. Ability to work effectively with our DAP Analytics team
• Strong attention to detail
• Use of risk profiling and pricing tools and loss models. Working closely with actuarial team to help accurately price casualty business & provide underwriting insight.
• Understanding of relevant software including Excel
• Strong established customer/broker…