Arch

  • PL Underwriter

    Entity Arch Europe Insurance Services Ltd
    Job Locations UK-London
    Job ID
    2019-2876
    Business Segment
    Insurance
    # of Openings
    1
    Category
    Underwriting
  • The Position

    • Experienced London Market underwriter in the Professional Liability class with a focus on Large Account risks.
    • Role will be support the Large Account Professional Liability Underwriting Manager and Line of Business Head in the marketing, underwriting and servicing of business generated via London market, UK regional and international distribution partners.

    Job Responsibilities

    • Assessment of suitability of risks, pricing exposures in accordance with filed and approved rate levels, discretionary pricing mechanisms, and business unit guidelines.
    • Identifies the need, recommends and evaluates additional risk assessment information including inspection, financial reports and statements. 
    • Coordinates individual risk underwriting actions with other departments to assure the highest level of customer satisfaction while meeting production and business goals.
    • Performs product development and marketing activities including identifying producer relationships within assigned market to optimize best solutions for distribution, identifies and suggests new and modified products, identifies producers for business/marketing programs, and analyzes producers and market opportunities working closely with the London Business Development team
    • Maintains ongoing liaison with producers to obtain supplemental underwriting information, evaluate risks, decline risks, analyze and interpret coverage, explain underwriting requirements and expectations, and present terms.
    • Regularly interfaces with customers to provide service and to keep abreast of customer issues.
    • Sets ceded reinsurance actions in accordance with Arch Insurance and business unit guidelines.

    Required Skills/Experience

    • Must have experience in an underwriting position in the London market either Company or Lloyd’s syndicate. Alternatively must have experience in a leading London Market broker in a senior broking/ client service position.
    • Demonstrated competence in maintaining broker and client relationships
    • Track record in generation of new business opportunities and product development
    • Worked within a team environment requiring flexibility and adaptability

    Desired Skills/Experience

    • Planning and product development
    • Client relationship management
    • Technical and analytical skills
    • Regulatory & compliance awareness
    • Problem solving, negotiation & decision making

    Education

    • University degree and professional certification desired
    • Working knowledge and understanding of ISO rating and rules.
    • Working knowledge of policy wording, terms and conditions for the major Professional Liability classes – Lawyers / Accountants/ A&E/ Real Estate / Insurance Brokers/ Miscellaneous

    The Company

    Arch Insurance is a global insurer offering our clients superior coverage and service. We embody the Arch guiding principle of focusing on retaining experienced and talented employees to differentiate us from the rest of the pack. Our group operates from offices in the US, Canada, Bermuda, UK, Australia and South Africa, providing specialty risk solutions to clients worldwide across a wide range of industries. With over ten years of operating history and strong financial ratings, our track record remains solid.

     

    Arch Insurance employs a disciplined underwriting approach and prudent risk selection across all types of business. Our mission is to provide our insureds with superb coverage and claims handling through careful and diligent underwriting of risks and business-friendly solutions. Across our global operations, Arch Insurance employees are ready to meet your needs with professionalism and excellence.

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