Job Description:
This role presents a great opportunity to work in one of the most diverse accounts in our clients group. Although they are a small team they are a global market leader in this very
niche area .The challenge is not just to maintain this but to drive it forward in an ever evolving market place against increasing competition.
Our clients Contingency team is based in London and forms part of the UK Specialty division. It underwrites a range of products:
● event cancellation, from global events such as the Olympics, to small local conferences
● non-appearance of rock/pop stars.
● disgrace cover on famous names
● film completion bonds
● political violence cover for film risks
● prize indemnity and contractual bonus
The Events team underwrite a modular product including event cancellation, property, public liability and employers' liability.
Success will be measured by progressing from a supporting role into generating revenue, optimising the portfolio and developing new business both through relationships and product development.
If you like a challenge and work to high standards, this could be the role for you!
What you'll be doing -
● Assessing and underwriting new and renewal risks always complying with global regulations.
● Looking for new streams of business and aiming to grow the business profitably with existing producers
● Competitor analysis, both in terms of rating and product scope
● Adapting products to meet the changing environment
● Monitoring and reporting exposures and fulfilling compliance requirements
● Communicating across the group looking for advice from specialists in their class and seeking cross-class opportunities
● Representation of our clients at market meetings, industry events, seminars and similar
● Developing relationships with our clients key producing brokers and coverholders, both in the UK and internationally.
Our must haves -
● At least three years' underwriting experience in a Specialty line preferably Contingency (will consider liability underwriters)
● Ideally Certificate CII qualified or exempt through relevant experience as defined by the FCA.
● Can demonstrate previous underwriting / sales successes
● Can demonstrate ability to prioritise and organise workload in order to meet tight deadlines
● An ability to think on your feet and thrive in a pressured environment with the ability and willingness to make quick decisions. Yet also recognise when not to make quick decisions but give yourself time to ask for input given the varied nature of the business
● Strong analytical and numerical skills will be required to enable you to break down risks to understand fully the coverage you may be offering and how to rate such coverage
● A meticulous eye for detail given the wordings involved in this class
