Marine Liability Underwriter

Experienced Marine Liability Underwriter is required to join a progressive and dynamic insurer in their London based branch. 

KEY RESPONSIBILITIES

- Underwrite new and renewal accounts to meet top and bottom line targets
- Negotiate participation, pricing and terms and conditions with brokers
- Proactively manage capacity
- Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios
- Underwrite in line with Line of Business governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
- Ensure contract certainty is achieved on all accounts at time of inception
- Ensure utilization of global pricing tools
- Ensure placing and binding of FAC Reinsurance prior to policy inception

KEY REQUIREMENTS

- At least 5 years` experience as an Underwriter, Broker or in Risk Management in the marine sector
- Risk Assessment and Management: ability to assess risk inherent exposures and natural hazards relevant to the Marine Line of Business
- Pricing and Market management: analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
- Experience in designing and implementing consistent and robust wordings
- Solid understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control and cancellation