Underwriter

Job Title: Underwriter

Reporting to: Managing Director – Specialty Group

Position Type: Permanent

Overview:

Why Tokio Marine HCC?

Tokio Marine HCC is one of the world’s leading specialty insurers, recognised for its underwriting expertise, strong balance sheet, and disciplined approach to risk. The Contingency team underwrites a diverse global portfolio including event cancellation, film & television, parametric weather, non‑appearance, terrorism, and political risk.

The individual will primarily be underwriting the Contingency portfolio across the London market, and via the international broker network including the group collaborations with Tokio Marine .  They will also provide technical and strategic direction across the Contingency portfolio, while developing strong broker and market relationships and ensuring alignment with governance, compliance, and reinsurance requirements.

Job Purpose:

To support the strategic growth and technical authority for the global Contingency portfolio, ensuring profitable growth, disciplined risk selection, robust policy wordings, effective reinsurance support, and strong broker relationships.

Key Responsibilities:

Underwriting Contingency Portfolio

• Technical pricing of Contingency risks including for Event Cancellation, Non-Appearance, Prize Indemnity, Parametric Weather and other miscellaneous contingent risks

• Focus on servicing brokers in London market, international broker network and TM offices globally

• Support efficient placement of risks utilizing Specialty Marketplace – assist the evolution of the portal to react to broker needs in terms of product development

Reinsurance Oversight

• Support the delivery of the annual Treaty renewals, and ongoing Fac across all Specialty Lines (Disability, Crisis Management, Contingency, Parametric Weather and any new lines which might be absorbed within the Specialty Portfolio).
• Provide oversight and technical input into Contingency reinsurance arrangements, including treaty structures, facultative placements, autofacs, and renewals.
• Review and approve reinsurance documentation, endorsements, and amendments relevant to the Contingency portfolio.
• Support discussions around exposure, and aggregation with reinsurance partners and internal stakeholders.
• Work closely with Reinsurance, Compliance, and Senior Management to ensure appropriate risk transfer and capital protection.

Policy Wording & Technical Governance

• Lead the drafting, review, and approval of policy wordings, endorsements, and exclusions for Contingency risks.
• Help resolve technical, legal, and jurisdictional issues where required.
• Ensure policy documentation is consistent, legally robust, and aligned with market practice and regulatory requirements.
• Act as escalation point for wording disputes, interpretation issues, and complex coverage questions.

Exposure Management & Aggregation

• Oversee monitoring and management of accumulation and aggregation risk within the Contingency portfolio.
• Review exposure reports relating to geography, peril, and event concentration, including politically sensitive regions.
• Support internal and external reporting requirements relating to aggregate exposure and risk position.
• Ensure underwriting decisions appropriately reflect exposure limits and aggregation controls.

Broker & Market Relationship Management

• Act as a point of contact for key brokers and market partners.
• Communicate underwriting appetite, coverage positions, and market stance clearly and consistently.
• Maintain strong market presence and contribute to the firm’s reputation as a leading insurer of Contingency risks.

People Leadership & Team Oversight

• Support development of underwriting capability, technical standards, and consistent underwriting practices.
• Contribute to performance management, coaching, and mentoring within the team.

Cross‑Functional & Senior Stakeholder Engagement

• Work closely with Compliance, Finance, Catastrophe Modelling, Reinsurance, and Operations teams to support underwriting activity.
• Respond to senior management queries relating to underwriting decisions, exposure, and portfolio performance.
• Support governance processes, internal audits, and regulatory interactions as required.
• Contribute to internal initiatives aimed at improving underwriting discipline, efficiency, and controls.

Skills and Experience Specification:

Essential

• London Market Experience
• Degree level education (Ideally business or economics) and strong numeracy
• Well- developed IT skills
• Strong communication skills (verbal and written)
• Ability to work well within a team and build strong relationships with colleagues and clients
• Willingness to learn and work proactively

Desirable

• 5+ years experience in Contingency.
• A level Maths (or equivalent)

What We Offer

 The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.

The Tokio Marine HCC Group of companies is an equal opportunity employer.  Please visit www.tmhcc.com for more information about our companies.