About us
IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
The role
The role of an Underwriter at IQUW 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 IQUW Group’s new P&C, 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 excellent organisational skills.
Key responsibilities
- In collaboration with the Head of Division you will be responsible for delivering the approved Credit and Political Risk (CPRI) business plan and setting the longer-term strategy for the class of business.
- Drive underwriting excellence across the CPRI class of business book by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating and pricing adequacy.
- In conjunction with the Head of Underwriting Management, Pricing Lead and the Head of Reinsurance, you will be expected to optimise the profitability of the portfolio within and between classes, dependant on market conditions, to maximise returns.
- Identify new opportunities for expansion of the business to the syndicate, in accordance with the strategy set for the syndicate and within the risk appetite set by the Board.
- Ensure high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
- Maintain and establish strong relationships with our clients, intermediaries, and promote the IQUW brand.
- Assist with the development of pricing models to support the underwriting/pricing of the portfolio.
- Use a multi-model approach to monitor and control appetite and accumulations.
- Maintain a high performance and open management culture. Build and develop an underwriting team with the necessary skills and capabilities subject to the necessary internal approval protocols.
Essential qualifications, skills and experience
- A prodigious reputation and proven track record of Underwriting across the Lloyd’s/ London market, across the various segments of the Credit and Political Risk class.
- Excellent sales skills and an insatiable appetite to increase the portfolio profitability. Demonstrated experience of developing and executing product strategies and portfolio management.
- An influential communicator who can work with people at all levels, being just as comfortable with clients and leaders in the industry as they are with their own team.
- Excellent Broker and Client relationships and the ability to develop business from a variety of sources.
- Preference for a mixed skill-set of mature and emerging market underwriting experience.
- Ability to run market standard vendor risk assessment tools and ability to develop in-house tools as appropriate.
- Proven leadership skills, with ability to lead multi-disciplinary and multi-cultural teams.
- Client management gravitas – someone who is respected for his/her technical abilities and appreciated for his/her relationship management skills.
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