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 Cargo & Specie team offer solutions to a broad spectrum of insurance and reinsurance clients. From direct placements in the London market to Delegated Authority and Proportional Reinsurance opportunities, we harness strong relationships with all major brokers to underwrite a diverse client base, ranging from international traders and global manufacturers, to logistics companies and infrastructure projects.
The key to success within this role will be a highly detailed and analytical underwriting approach and impactful relationship management. This is in addition to excellent organisational skills and the ability to think ahead and use initiative. You will need to thrive in a business development role and be able to demonstrate a skill for working with senior brokers/clients. You will need to take ownership of these relationships and develop into profitable business.
Key responsibilities
The role holder has the following key responsibilities:
- Underwrite the Cargo & Specie portfolio.
- Work closely with the Lead Underwriter to deliver the underwriting strategy for your class of business.
- Drive underwriting excellence 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 Cargo & Specie business. Nurture 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
- A proven track record of profitable underwriting or broking performance.
- An excellent Market reputation in the Cargo & Specie class. Meaningful Broker and Client relationships.
- Influential interpersonal and relationship building skills, and the ability to deal comfortably with different types of people 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.
- Highly articulate and numerate.
- Innovative and able to generate creative solutions
- Highly organised with a clear ability to prioritise and deliver on allocated tasks.
To see a full copy of the job description, please click here.
