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 Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
Our group thrives on four core values: Empowerment, Collaboration, Drive, and Inclusivity. We're all about encouraging initiative and valuing each member's contributions, fostering teamwork for innovative solutions, staying motivated to achieve our goals, and ensuring everyone feels respected and valued. Together, we create a supportive and dynamic environment where everyone can flourish.
The Role
The role of an Underwriter at IQUW is one which proves challenging yet truly rewarding. The role offers the opportunity to become a key member of a high-paced underwriting team within IQUW Group’s well-established Lloyd’s syndicate. Underwriting will focus on risks domiciled in the USA however there will be the opportunity to be involved in other territories within the team.
The key to success in this role will be a highly detailed and analytical underwriting approach, strong relationship management and unparalleled sales skills, as well as strong 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 relationships and drive Underwriting performance towards profitable business.
Key Responsibilities
- In collaboration with the Head of Department & Lead Underwriters, you will be responsible for delivering the Class approved plan and providing input into the longer-term strategy.
- Underwrite all elements of the Property portfolio.
- Drive underwriting excellence across the Property 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.
- Assist with the development of the pricing models to support the underwriting/pricing of the portfolio
- Lead and develop close relationships with our partner brokers.
- Own the development of our underwriting appetite, constantly analysing the portfolio and modifying appetite accordingly.
- Develop business development initiatives to grow the portfolio profitably, where desired.
Essential Qualifications, Skills and Experience
- Experience in D&F at a Lloyd’s facing business.
- Prior Underwriting experience beneficial but not essential.
- Strong understanding of the US D&F market.
- ACII or working towards ACII qualification.
- An excellent market reputation across Property.
- Excellent communication 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 their decisions.
- Excellent Broker and Client relationships and the ability to develop business from a variety of sources.
Benefits
- Competitive Benchmarked Salary: Ensuring fair compensation aligned with industry standards.
- Generous Holiday Allowance: 25 days of holiday each year.
- Discretionary Bonus Scheme: Rewarding exceptional performance.
- Employee Assistance Programme: Providing support for personal and professional challenges.
- Annual Holiday Buy: Option to purchase up to 3 additional days of holiday.
- Salary Sacrifice Benefits: Tax-efficient ways to access additional benefits.
- Annual Benefits Reviews: Regular evaluations to ensure the best offerings.
- Professional Development: Support for your Professional Qualifications, we’re committed to your professional growth and will support you every step of the way.
For full job description, please see here.
