Senior Underwriter - International Casualty

New Vacancy - Senior Underwriter (Casualty Reinsurance)
City of London
Lloyd's Syndicate

I am currently recruiting for a leading Lloyd's Syndicate who are seeking a Senior Underwriter to join their growing Casualty reinsurance team.

This role will be Underwriting International Casualty for the Syndicate on a reinsurance basis for a broad spectrum of Casualty risks worldwide including the US. 10+ years Underwriting Casualty Reinsurance risks is required for this role and experience in the use of risk profiling, pricing tools and loss models is highly beneficial.

Key Responsibilities

• Support the creation of the portfolio's business plan and ensure its successful execution.
• Remain aware of and contribute to the implementation of the business plan, making decisions as necessary.
• Actively participate in all meetings to share insights and develop strategies, knowledge, and best practices.
• Advocate for the department, division, and company as a whole to enhance brand leverage.
• Implement the reinsurance strategy to protect the portfolio.
• Conduct complex underwriting activities while complying with all legal and regulatory requirements to fulfil obligations.
• Follow underwriting standards, guidelines, and best practices to reduce risk and increase efficiency.
• Ensure accurate recording and assessment of insurance risks, including Delegated Underwriting Authorities (DUA) when applicable, and develop or revise policy wordings as needed.
• Apply necessary reinsurance requirements to mitigate risk and achieve business plan targets.
• Serve as a technical specialist to help identify issues and opportunities within your area of expertise.
• Build and enhance relationships with stakeholders, including customers, brokers, business partners, and colleagues, to maximise influence and attain business goals.
• Show support for market associations and trade organisations.
• Maintain an understanding of market trends and cycles to drive and improve business performance.
• Continuously enhance expertise and technical knowledge by seeking out and participating in relevant learning and development opportunities.
• Underwrite complex insurance risks in alignment with the business plan and delegated underwriting authority to meet business objectives. This includes negotiating rates, terms, and conditions for existing and new business, ensuring compliance with internal and external regulations, contributing to the business plan, and assisting with credit control in payment collection.
• Contribute to the review and analysis of the portfolio to assess progress toward business objectives.
• Ensure thorough peer review of all business and confirm that written risks comply with the company's underwriting standards and individual authority.