Description
The primary purpose of the role is to provide underwriting duties for Lancashire UK for Lancashire’s Terrorism line of business – with a particular focus on the UK Delegated Authority Portfolio.
Specific Responsibilities
· Manage the Terrorism DUA portfolio, including slips, wordings, aggregates and referrals.
· Be responsible for managing, building and developing broker relationships for your line of business.
· Attend client presentations and meetings.
· Be able to underwrite risks for your line of business within your underwriting authority and subsequently report decisions where required.
· Receive submissions from brokers, undertake full risk analysis, complete pre-underwriting documentation and processes.
· Have fully competent knowledge of wording and technical understanding and market environments.
· Check and approve systems records and sign off
· Monitor and follow up on payments for outstanding premiums and bordereaux.
· Agree endorsements within your underwriting authority.
· Ensure risks offered and bound are within tolerances or that exceptions are approved.
· Finalise documentation and contracts/slips with brokers.
· Assist with ad hoc projects and research work as required.
Essential Skills & Requirements
· Good level of formal education – Degree and Cert CII / DIP CII or ACII desirable
· Proficient with Microsoft Office applications, particularly Excel and Word (intermediate)
· Excellent attention to detail, self-discipline and time management
· Good verbal and written communication skills
· Strong work ethic
· Self-starter with the ability to liaise with individuals at all levels
· Team player
· Ability to work flexibly to meet business needs including extended hours if required
Lancashire are a provider of global specialty insurance and reinsurance products operating in Bermuda, London, the U.S. and Australia, across three delivery platforms: rated company, Lloyd’s and collateralised security.
Our focus is on short-tail, specialty (re)insurance risks within four general segments: Property and casualty, aviation, energy and marine, and specialty.