Senior Underwriter: Casualty High Excess

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Role Title: Senior Underwriter

Department: Casualty

Team: High Excess

Location: London

Type: Permanent

About the Role:

Grow and develop the UK & ROW excess business whilst continuing to maintain our US exposed accounts. We have established extremely strong relationships with our clients (having written this business in London for over 20 years). Our excellent working relationships with our US and Bermudian colleagues allows us provide excellent risk insight and continuity to our global clients.

About the Department & Team:

We deliver a broad range of liability products including General/Public Liability, Product Liability, Employers' Liability and Environmental Impairment Liability for commercial clients. We are focussed on providing excellent service and tailored product support to our clients. As such we are working closely with our Property colleagues to support our industry focussed retail strategy. We are targeting Retail, Healthcare, Construction, Hospitality & leisure, Manufacturing and Renewable energy risk managed sectors .

Our High Excess portfolio focuses on Fortune 1,000 risk managed accounts. We can also write USA domiciled business. Our underwriting process involves a fully integrated underwriting, claims and risk management approach that offers our clients an all-encompassing risk transfer solution.

Key Responsibilities:

Strategy and Planning

• In conjunction with the Head of Liability Lines develop the annual business plan for the UK Liabilities Division High Excess portfolio aligned to the three-year growth strategy for the Liabilities division and ensure delivery of the plan in accordance with its stated risk tolerances

• Act as the UK Liabilities Division High Excess focal point for the ongoing development of analytics in conjunction with actuarial finance and other groups within Liberty to improve our Underwriting Financial Metrics.

• Share and discuss our business plan with our internal stakeholders.

• Support our Multinational SME and through Salesforce identify key opportunities.

• Manage our associated services to maximise our business opportunities.

• Maintain a strong working relationship with our Claims, Actuarial, Risk Management and Operations teams.

• Ensure the team's awareness of the business plan and its context so that they can take appropriate action and make informed decisions.

• Monitor adherence to the agreed Underwriting Division Business Plan, including benchmark pricing, premium income monitoring, credit control, exception reporting and monitoring of Lloyd's Realistic Disaster Scenarios

• Contribute new ideas and concepts to support the development of the High Excess portfolio to support the delivery of the business plan

• Take full accountability for developing our London High Excess business.

Delivery

• Establish and promote strong relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives.

• Represent London High Excess at internal "round table" and "Casualty Metaline " meetings.

• Represent Liberty's interests with internal and external groups, and through participation in industry forums and corporate activity to safeguard or enhance Liberty's market position.

• Continually develop expertise and technical knowledge through appropriate development initiatives

• Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including: 1) Negotiating rates, terms and conditions for existing and new business 2) Compliance with the production and issue of documentation in accordance with contract certainty requirements.

• Contribute and influence in the review and analysis of the portfolio, to identify new business development opportunities including across different classes of business.

• Ensure entries are properly recorded onto relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures

Policy, Process and Procedures

• Compliance with all applicable internal and external laws, regulations, policies, procedures and guidance.

• Adhere to underwriting standards, instructions and best practice methodology in order to minimise risk

• Comply with any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan.

• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Skills and Experience:

• Extensive knowledge of relevant market conditions for US & UK & ROW Casualty High Excess.

• Thorough understanding of underwriting and reinsurance.

• Ability to analyse and use data for decision making.

• Attention to detail.

• Degree or equivalent qualification desired - e.g. ACII.

• Significant experience gained within the insurance industry.

• Use of risk profiling and pricing tools and loss models.

• Strong established customer/broker relationships.

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
• A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the links below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusio...