Assistant Underwriter: Property Treaty

at  Liberty Specialty Markets

GENERAL INFORMATION

City: London, UK
Country: United Kingdom of Great Britain and Northern Ireland
Creation Date: 30-Oct-2024
Employment Type: Permanent
Employment Type: Full time
Ref #: 1234571198

TECHNICAL KNOWLEDGE

• Develop an understanding of insurance and reinsurance in general, specifically property classes and different treaty reinsurance products.
• Develop an appreciation of how Global socio-economic forces affect (re)insurance and of how local business & regulatory environment affects (re)insurance.
• Knowledge of treaty reinsurance wordings, contract terminology & clauses
• Knowledge of performance indicators relevant to the measurement of a treaty reinsurance portfolio – CoR, ELR, ULR, ILR, GWPI, GEPI etc.

SKILLS AND EXPERIENCE:

• Ideally an understanding of relevant market conditions for Property Treaty
• A high level of numeracy and analytical & data skills
• An understanding of Exposure Management modelling – desirable but not essential
• Use of risk profiling and pricing tools and loss models
• Good interpersonal and communication skills
• Strong organisational and prioritisation skills
• Good attention to detail
• Good knowledge of legal and regulatory requirements
• Experience gained within the insurance industry
• Some established customer/broker relationships

ABOUT THE ROLE:

The Property Reinsurance team in London exists to provide treaty reinsurance solutions for property portfolios of insurance companies globally which elect to purchase treaty reinsurance in the London Market. We work closely with all other Property Teams within Liberty Mutual Reinsurance. We sell both Lloyd’s and Company market capacity.
The successful candidate will provide technical underwriting services to underwriters; to facilitate the effective completion of the underwriting process at contract level and to support the administration of the underwriting process. To work towards gaining underwriting authority.