Underwriter, Marine and Energy Liability
Reporting to: Lead Underwriter, Marine and Energy Liability
Location: London
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 Marine and Energy to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
The role
Our Marine and Energy Liability team offer solutions to a broad spectrum of marine and energy clients. We insure many of the world’s largest energy companies, both upstream and downstream, whether E&P, Contractor or Utilities. We harness strong relationships in the marine sphere with all major brokers and underwrite a client base ranging from complex P&I reinsurers to US brown-water operators.
The key to success within this role will be a highly detailed and analytical underwriting approach, impactful relationship management and unparalleled sales skills. This is in addition to an excellent organisational skillset and the ability to think ahead and use initiative. You will need to thrive in a business development role and be able to demonstrate ownership of key senior broker/client relationships that lead to profitable business.
Key responsibilities
The role holder has the following key responsibilities:
- Underwrite the Marine and Energy Liability portfolio.
- Work closely with the Team to deliver the underwriting strategy for your class of business.
- Drive underwriting excellence across the Marine and Energy Liability book by ensuring adherence to risk appetite, lines setting, standards and guidelines, rating, and pricing adequacy.
- Ensure high quality underwriting, appropriate exposure assessment, contractual terms and adherence to respective rules and guidelines.
- Provide a compelling and knowledgeable service offering to brokers and clients, making IQUW a go-to Market for Marine and Energy Liability business. Lead and develop close relationships with our partner brokers.
- Cultivate business development initiatives to grow the portfolio profitably, where desired.
- Assist with the development of the pricing models to support the underwriting/pricing of the portfolio.
- Own the development of our underwriting appetite, constantly analysing the portfolio and modifying appetite accordingly.
- Mentor the more junior members of the team to help develop and hone their industry knowledge and underwriting acumen.
- Take responsibility for improving underwriting efficiency, particularly in terms of digitising placement process for homogenous risk groups.
Essential qualifications, skills and experience
- Highly numerate with a proven track record of profitable underwriting or broking performance.
- An excellent Market reputation within the Marine and Energy Liability market. Meaningful Broker and Client relationships and the ability to develop business from a variety of sources.
- Influential interpersonal and relationship building skills with the ability to deal comfortably with different stakeholders at all levels of seniority.
- Demonstrable experience of managing risks appropriately, applying judgement and being prepared to own and take responsibility for your decisions.
- Experience in the use (and ideally the development) of online trading portals and/or other automated placement systems.
- Highly organised with a clear ability to prioritise and deliver on allocated tasks.
For the full job description, please see here.
