Senior Underwriter - Financial Lines Reinsurance

Job Title: Senior Underwriter - Financial Lines Reinsurance

Location: London
Position type: Full time, permanent

About The Job

Our underwriters are at the heart of everything we do, without them our business wouldn’t function. The role holder will be a member of the Specialty Reinsurance team and will be accountable for contributing to the effective delivery of the vision and the strategy for the Financial Lines Reinsurance portfolio.

The role holder will be responsible for taking underwriting business in accordance with the Specialty Reinsurance business plan.

About the Job:

While there is rarely a ‘typical’ day as an Underwriter, here’s a snapshot of some of the key parts of the job:

Strategy

• Develop the existing Financial Lines reinsurance book and look for growth and improvement opportunities. The key lines covered are Trade Credit, Surety, Mortgage and Political risk.
• Opportunity to work on other product lines within the wider Specialty team
• Support the strategic direction of the portfolio and delivery of designated elements of the strategy and business plan.
• Demonstrate good client intimacy behaviours throughout the market.
• Contribute to the effective delivery of the business plan(s), ensuring alignment to strategy, client relationship and profitable growth.
• Work in partnership within the entity and other entities across the regions to leverage relationships and opportunities.
• Where appropriate participate in and contribute to client segmentation and product forum activities to ensure clarity and clear understanding of the approach to specific clients and markets.

Underwriting

• Generate and manage business on a client relationship basis within agreed risk appetite.
• Understand and contribute to execution of the business plan
• Ensure client relationship is achieved through the efficient oversight of issues raised including liaison to ensure effective conclusion to complaints and claims.
• Undertake analysis of the location / market to identify new business opportunities, products and clients, ensuring a robust business case.
• Ensure risks are written within the agreed parameters – making sound long term decisions on risks that are written, with a focus on smart rationale underwriting.

Underwriting Management

• Provide effective oversight and input into the underwriting performance.
• Reporting on an ad hoc basis regarding pipelines, new opportunities, and progress towards strategic goals.
• Liaise with and ensure regional compliance with underwriting management, taking corrective action as necessary and operating within agreed authorities
• Proactively participate in product forum meetings, as appropriate – challenging and responding to challenges regarding the Product performance.

Compliance and Risk Management

• Conduct role in accordance with the Company’s Business Ethics policy and all regulated entities as appropriate.
• Manage the location/market so that is complies with relevant risk, regulatory and legal requirements and so that it complies with Group policies.

You’re going to enjoy this job if you also…

• Have good business and commercial market awareness, specifically of Financial Lines business.
• Strong networking & managing both new and existing client relationships.
• Implementing and delivering on a clear underwriting strategy.
• Key skills in undertaking analysis of market and identifying new business opportunities, products and clients.
• Enjoy the challenge of shaping a sustainable Financial Lines reinsurance portfolio for MS Amlin.

What you’ll need:

• Consideration will be given to Underwriters at differing levels but must have in depth knowledge, expertise, relationships and strong experience of the Financial Lines Reinsurance markets.
• Good understanding of relevant risk, regulatory and legal requirements.
• Relevant qualifications (e.g., ACII, or similar) preferred.

We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!

What Can You Expect From Us?

As well as a competitive base salary and performance related discretionary bonus, here is a link to our employee benefits - Benefits of working at MS Amlin | MS Amlin

Hybrid Working

At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.

About MS Amlin

MS Amlin is a leading (re)insurer and part of the global MS&AD Group, with operations across Lloyd’s of London, the Middle East, and Asia Pacific. With over 120 years of experience, we support businesses facing complex and demanding risks, providing continuity in an uncertain world. Our expertise covers Property, Casualty, Marine, Crisis Management, Natural Resources and Reinsurance, backed by strong underwriting capabilities and deep sector knowledge. At the core of our claims service is TRUST - Transparency, Responsiveness, Understanding, Solution-driven thinking, and Technical expertise. This defines how we manage claims and build lasting relationships.

DE&I at MS Amlin

We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.

MS Amlin is proud to be one of the founding partners of Lloyd’s Inclusive Futures programme which aims to get more Black and ethnically diverse people into the insurance industry - supporting them all the way from the classroom to the boardroom. Visit this link (Inclusive Futures Impact Report) to find out more about the programme and its aims and achievements so far.

#LI-Hybrid