Employer: QBE Management Services (UK) Limited Salary: Date Added: 20/11/2023
Primary Details
Time Type: Full time Worker Type: Employee
W&I Underwriter
(London)
QBE’s European Operations, which accounts for over 27% of QBE Group turnover, is a leading specialist in London market and European commercial lines business. We are a socially responsible company and give our customers the ability to invest a portion of their premiums in environmentally and socially beneficial projects.
Following the successful expansion of our W&I offering into the EO London Market we are excited to be hiring a further Underwriter into our existing team. Led by Toria Lessman, who has successfully built and led a significant Transactional Liability in the US, you will be joining experienced Underwriters and become part of our wider Financial Lines offering.
With a UK focus, growing international coverage and a broad appetite across a range of industries this team will provide in-depth exposure to M&A and the insurance industry in an entrepreneurial setting. Leveraging our extensive pre-existing client broker relationships and W&I knowledge, this dynamic and growing team offers an exciting opportunity in an environment where we empower our underwriters to use their subject matter expertise and experience.
Your responsibilities for this role may include, but are not limited to:
Underwrite insurance risks in accordance with the Business Plan and the personal authority to meet business objectives
Build and maintain strong relationships with stakeholders including customers, brokers, business partners and colleagues, to maximise influence
Develop relationships in line with the Business Plan to support the achievement of business objectives
Understand and comply with QBE reinsurance strategy to minimise risk and deliver business plan objectives
Participate fully and use your expertise to shape and develop strategy, knowledge and best practice
Positively promote the department, division and company as a whole, in order to maximise brand leverage
Comply with all legal and regulatory requirements to ensure obligations are met
Adhere to underwriting standards, instructions and good practice to minimise risk and maximise efficiency
Actively keep abreast of market dynamics and demonstrate market cycle awareness to be able to operate effectively and appropriately
Ensure clear and prompt communication to UA’s in relation to Underwriting and aggregate exposures ensuring entries on EO systems are accurate
You will need to be able to display you have the following qualifications and experience:
Experience underwriting within Financial Lines, specifically W&I
Commercial ability to understand the key profit drivers to maximise long term wealth for our shareholders
Intermediate level understanding of relevant software, including Excel and other departmental software packages
Good knowledge of legal and regulatory requirements
Excellent organizational, prioritisation and interpersonal skills
Good negotiating skills, innovative in underwriting approach and programme design
Use of risk profiling and pricing tools and loss models
At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today’s workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation
At My Best
At QBE, we want our people to feel rewarded and inspired to perform at their best. That’s why we have created At My Best. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA – because we know it’s not just what we do that matters, it’s how we do it that makes the difference. At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today’s workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation.
Inclusion of Diversity
We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in. We know that diversity of thought, background and experience enables better decision making, improves the quality of our delivery and helps us to meet the needs of our customers.?
