Senior Underwriter - Cargo

Overview

About us

Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

Our Cargo & Specie team offer solutions to a broad spectrum of insurance and reinsurance clients. From direct placements in the London market to Delegated Authority and Proportional Reinsurance opportunities, we harness strong relationships with all major brokers to underwrite a diverse client base, ranging from international traders and global manufacturers, to logistics companies and infrastructure projects.

The role of a Senior Underwriter at Starr is one which proves challenging yet truly rewarding. The role offers the opportunity to become a key member of a leading edge, next generation underwriting team within Starr new Specialty operation.

The key to success in this role will be a highly detailed and analytical underwriting approach, pro cyclical mindset with a profit driven focus. You will also need strong organisational skills.

• Drive underwriting excellence by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating and pricing adequacy.
• In collaboration with the Head of Class & Lead Underwriters, you will be responsible for delivering the Class approved plan and providing input into the longer‑term strategy.
• Providing input to the development of the underwriting strategy for our product(s) based on your market knowledge and product expertise and being responsible for executing that underwriting strategy.
• Underwriting a range of risks in accordance within our stated underwriting appetite. You will also provide input and feedback such that we constantly refine our underwriting appetite to ensure that we take advantage of market opportunities and outperform our peers through superior risk selection and proactive management of our business mix
• Acting as a point of technical referral and opinion from other members of the underwriting team, brokers and other internal functions, using your extensive risk, product and pricing knowledge to inform appropriate decisions in respect of those referrals
• Provide feedback to Lead Underwriters & Heads of Class and to members of our Pricing team relating to the effectiveness of our risk pricing models to help us constantly drive enhanced sophistication and accuracy in our risk pricing
• Working closely with all areas of the business to ensure that we deliver a clear and seamless set of propositions to the market.
• Understanding the risk environment in which we operate. Contribution to the identification of and helping to manage the key risks which threaten the success and sustainability of our business.
• Providing substantial contribution to our "first line of defense" activities, using audit and peer review tools, complimented by exception reporting and performance MI, to constantly assess and monitor our underwriting activities to ensure that all business is being written in accordance with our stated underwriting authorities, agreed processes and in compliance with our regulatory and conduct standards.

The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.