Job Description
Übersicht Job Title: Underwriter – M&A Division: Specialty Risks Reports To: As per Beazley’s organisation chart Key Relationships: Brokers, Underwriters, Claims staff, Coverholders, external Clients and Suppliers Job Summary: To assess and underwrite Warranty & Indemnity (W&I) / M&A insurance solutions across DACH, within the M&A, Specialty Risks team, and working closely with brokers, law firms, investment banks, private equity clients, and corporates
Play a key part in evaluating M&A deal risks, structuring bespoke insurance solutions, and building strong broker and client relationships in a fast-moving transactional environment – All the while maintaining and improving market reputation of the Beazley brand
Key Responsibilities: Underwriting Develop and underwrite a profitable portfolio of W&I / M&A insurance risks across DACH as part of the M&A, Specialty Risks team in Germany in collaboration with global colleagues in London, Singapore and the US
Review transaction documentation, due diligence and financial analyses to assess risk exposure
Structure tailored policy solutions aligned with the team’s underwriting parameters and use underwriting knowledge and experience to win new businesses and retain existing
Manage deal timelines, engage in discussions and collaborating with broker on policy terms, and deliver commercially sensible underwriting decisions under deal time pressure
Monitor premiums, costs and claims ratios at the policy and portfolio level, taking corrective action where needed to ensure long term profitability
Evaluate appropriate risk premium using rating models where applicable, considering risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration expenses
Comply with Beazley’s underwriting control standards for business written through Lloyd’s or Beazley’s internal MGAs
Collaborate closely with Claims colleagues to ensure consistency on coverage and claims philosophy
Broker & Client Management Advise, assist and service clients on insurance and risk matters in the context of M&A transactions to ensure high levels of client satisfaction
Building, identifying opportunities to deepen and maintaining good business relationships with brokers across the Asia Pacific region
Foster positive client relationships based on mutual understanding of their needs and Beazley’s underwriting approach
Learning and maintain awareness of Beazley’s broader product suite and identify opportunities to introduce additional Beazley offerings to clients where relevant
Portfolio & Market Development Leverage internal and external networking opportunities to support the development of standardised underwriting practices within Beazley
Contribute to the development and dissemination of knowledge and best practices within the M&A and Specialty Risks teams, particularly relating to the Asia Pacific market
Work with peers within M&A 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 across the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group
Product presentations, marketing materials, business plans and research documents for the M&A 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
Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People 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 Culture & People 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 Corporate M&A experience from a leading law firm, investment bank or accounting firms with knowledge and understanding of how M&A deals are conducted
Preferably with familiarity of how W&I / M&A insurance is placed in M&A transactions
Strong drafting skills
Strong interpersonal skills with the ability to work effectively under pressure and resolve conflict constructively
Excellent verbal and written communication skills, and ability to effectively and confidently present to clients and other audiences
Business-level proficiency in spoken and written English and German Education and Qualifications Minimum graduate level education Preference for candidates with a legal qualification 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 Experience in insurance industry Extensive experience of M&A whether from underwriting or legal practice Knowledge of underwriting policy, philosophy and practice Understanding of underwriting processes and systems Client service experience Aptitude and 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 Forward thinking Conceptual thinking Problem solving