Underwriter - Marine Energy & Liability

Posted 4 hours 23 minutes ago by Travelers Canada

Permanent
Full Time
Energy Jobs
London, United Kingdom
Job Description
Overview

Travelers is a leading property and casualty insurer. The Marine Energy & Liability Underwriter role sits in the London Market team, focusing on underwriting profitability across the book, processing new business, renewals and mid-term adjustments, and monitoring rate adequacy. The role involves working on a broad Marine Liability account, building broker relationships, and contributing to the growth of Travelers' Marine platform. This position supports a hybrid work arrangement (3 days in the office, 2 days remote) for full-time employees, subject to policy adjustments.

Responsibilities
  • Own the profitability, growth and retention of the Line of Business and ensure consistency of underwriting initiatives.
  • Underwrite in accordance with company policies, controls, audit requirements, and Lloyds Underwriting Management Standards, including authority levels and Lloyds Individual Registration Byelaw where applicable.
  • Contribute to the development of the assigned Line of Business by researching target business, competitors, and market factors.
  • Accurately enter quotes, risks and endorsements in appropriate systems to support management, statistical and regulatory reporting.
  • Prepare data and reports to support underwriting policies and standards as needed.
  • Monitor market factors and world affairs to identify new opportunities.
  • Promote Travelers' Line of Business, distribution strategy and underwriting philosophy; build strong partnerships with agents, brokers and customers.
  • Provide guidance, mentoring and coaching to colleagues as appropriate.
  • Perform other duties as assigned.
Qualifications
  • Experience within the Lloyd's market and understanding of internal/external market factors.
  • Underwriting experience.
  • University degree.
  • Demonstrated technical proficiency and ability to apply underwriting knowledge relative to authority.
  • Ability to make sound quoting and pricing decisions in the company's best interests.
  • Strong judgment, communication and teamwork skills (intermediate level).
  • Relationship Management: ability to build and maintain productive relationships to meet objectives.
  • Analytical Thinking/Financial Acumen: ability to analyse information, identify cause/effect and support decision making; understanding of finance and accounting principles as they relate to underwriting profitability.
  • Product/Technical: technical proficiency commensurate with underwriting authority.
  • Business Perspective: awareness of internal and external factors affecting the Lloyd's Market.
  • Studying towards ACII qualification is expected.
  • Must Have: Previous Property & Casualty insurance experience in underwriting, operations or brokerage; secondary education or equivalent.
Benefits/What Is In It For You
  • Private Medical Insurance (single cover with option to add dependents, via payroll deduction).
  • Pension plan with employer core contribution and potential enhanced company contribution if you contribute.
  • Holiday entitlement: minimum 25 days, with option to purchase up to 35 days.
  • Wellness Programme with resources and mental health support services.
  • Volunteer Encouragement including Matching Gift and Volunteer Rewards programs.
  • Equal opportunity employer; commitment to diversity and inclusion.
  • Company-provided information about benefits at