Underwriter - Marine Energy & Liability

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Underwriting1We’ve got an exciting opportunity for an experienced Marine Energy & Liability Underwriter to join our growing London Market team. In this role, you will take ownership of the profitability of your book – underwriting and processing new business, renewals and mid-term adjustments, while closely monitoring rate adequacy across your portfolio. You’ll work on a broad, diverse and developing Marine Liability account, using your London Market expertise to build and strengthen key broker relationships, shape the quality of the business we write, and play a visible part in the ongoing growth of our Marine platform.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

• Contribute to the overall profitability, growth and retention of the Line of Business line and consistency of all related underwriting initiatives.
• Ensure that business is written in accordance with the Company's policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with: individual underwriting authority and, where relevant, with approval under the Lloyds Individual Registration Byelaw. the Unit's business plan for the relevant year.
• Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
• May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
• Monitor market factors and world affairs as part of research and development of new opportunities.
• Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company's underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
• Provide guidance, mentoring and coaching to others as appropriate.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Experience within the Lloyd's market, with a basic understanding of the internal and external factors which impact the market.
• Underwriting experience.
• University Degree.
• Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority.
• Able to make sound quoting and pricing decisions that are in the Company's best interests.
• Intermediate knowledge and ability in respect of judgment, decision making, communication and strong team work.
• Demonstrates Intermediate knowledge and experience in respect of Relationship Management: Seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
• Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen: Identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
• Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
• Demonstrates Intermediate knowledge and experience in respect of Product/Technical: Demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.
• Demonstrates Intermediate knowledge and experience in respect of Business Perspective: Uses knowledge of internal and external factors that impact the Lloyd's Market to make decisions.
• Expected to be studying towards ACII qualification.

What is a Must Have?

• Previous Property and Casualty insurance experience in either an underwriting, operational or broker capacity.
• Secondary level education or equivalent.