Underwriter - International Specialties Programmes

General Job Title: Underwriter – International Specialties Programmes Specialty Risks: Specialty Risks Key Relationships: Brokers, underwriters, claims, wordings, insureds, external clients and suppliers Job Summary: To underwrite a International Specialties Programmes account within Specialty Risks 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

This role would suit an underwriter from a specialty background or with experience beyond Casualty, such as Professional indemnity, Cyber, Healthcare or other specialist lines

Key Responsibilities: Underwriting Develop and underwrite a profitable portfolio of International Specialties Programmes business as part of Specialty Risks

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

Manage innovation and development of non-insurance service offerings to insureds and others

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 International Specialties Programmes Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and [Specialty Risks]

Comply with Beazley's underwriting control standards for business written through Lloyd's, Beazley’s subsidiaries or 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 International Specialties Programmes and Specialty Risks Work with peers within the International Specialties Programmes and Specialty Risks 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 International Specialties Programmes account as required

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values – Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers

We also expect Beazley employees to: Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct

Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system

Display business ethics that uphold the interests of all our customers

Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs

Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas

This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management

Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system

These may include membership of any Beazley committees or working groups

Personal Specification: Essential Criteria: Experience of International Specialties Programmes underwriting or broking Thorough knowledge of underwriting policy, philosophy and practice Proficient underwriting skills Skills & Abilities Accurate and numerate 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 & Experience General commercial and financial knowledge Experience in insurance industry Advanced knowledge of underwriting processes and systems Client service experience Aptitude & Disposition Result focused, 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 Competencies Achievement drive Analytical thinking Strategic thinking Service focus Team working Conceptual thinking Forward thinking