Underwriter - Contingency

Location: United States
Office Locations: Flexible

Description

This is an exciting opportunity to develop and underwrite a book of Commercial Producer’s and Advertising Agent’s business from scratch. It will complement the rest of the team’s established lines of business in the Contingency market and you will also have the opportunity to learn and underwrite additional lines of business within the contingency portfolio.

Job Title:                    Underwriter – Entertainment and Contingency

Division:                     Political and Contingency Group (PCG)

Reports To:                Focus Group Leader – US Contingency

Key Relationships:    Brokers, underwriters, claims staff, coverholders, clients and suppliers 

FLSA:                          Exempt

Job Summary:          

To underwrite an Entertainment and Contingency account within the PCG team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.

 

Key Responsibilities:

Underwriting

  • Develop and underwrite a profitable portfolio of Entertainment and Contingency business.

  • Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.

  • Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.

  • Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the Underwriting and general administration costs to ensure profitability, using rating models as applicable.

  • Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Entertainment and Contingency account.

  • Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and PCG.

  • Comply with Beazley’s underwriting control standards for business written through Lloyd’s, Beazley Insurance Company Inc or Beazley’s internal MGAs.

  • Develop a good working relationship with the claims managers on this class of business.

 

Client Management

  • Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.

  • Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs.

  • Maintenance of good business relationships with brokers.

  • Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.

 

General

  • Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.

  • Develop best practice and disseminate business and class knowledge within the Contingency and PCG team.

  • Work with peers within Contingency and PCG to maximise business opportunities and profitability within the department.This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.

  • Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.

  • Production of presentations and marketing literature as required.

  • Production of business plans/research documents for the Entertainment and Contingency account as required.

 

Personal Specification:

Education and Qualifications

  • Bachelor’s Degree education preferred

     

Skills and Abilities

  • Proficient underwriting skills

  • Accurate and numerate

  • Computer skills – good working knowledge of MS Office, advanced Excel skills

  • Strong analytical skills with attention to detail

  • Able to communicate effectively with others, both verbally and in writing

  • Ability to manage time, meet deadlines and prioritise

  • Motivational skills

 

Knowledge and Experience

  • General commercial and financial knowledge

  • Extensive experience in insurance industry

  • Experience of Film Package insurance underwriting

  • Thorough knowledge of underwriting policy, philosophy and practice

  • Advanced knowledge of underwriting processes and systems

  • Client service experience

 

Aptitude and Disposition

  • Result focussed, self-motivated, flexible and enthusiastic

  • Professional approach to interact successfully with managers/ colleagues/ external suppliers

  • Team worker as well as able to work on own initiative

  • Customer focused, with a strong ethic of service and fairness to the customer

     





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