Underwriter - Professional Indemnity London, England
Job description
The Role
The PI team writes a book of USD 57m at a target ULR of 70.7%. We are looking for an Underwriter to join as a senior member of the team to underwrite International Professional Indemnity risks for syndicate 4444, as directed by the Head of Professional Indemnity to meet the requirements of the business plans and the strategic targets for premium income, profitability and return on capital as set out by the Board.
Responsibilities will include:
- To underwrite International Professional Indemnity business in accordance with the Syndicate Business Plan and within the terms of the underwriting authority.
- Develop and maintain good working relationships with brokers and clients to establish Canopius as a preferred market for International Professional Indemnity business.
- Working alongside the PI team, identify and exploit new business opportunities for the development of schemes/products to be marketed through a variety of distribution channels and taking responsibility for delivery of these products.
- To research and develop new business opportunities for the syndicate.
- Ensure that there is a highly effective working relationship with other underwriting and support units within Canopius to maximize efficient use of internal company resource to support business activities.
- To ensure that the business written is controlled effectively taking appropriate corrective action on poorly performance business to meet SBF targets and ensure that business written complies with all relevant regulatory standards including those laid down by the PRA, FCA, and Lloyd‘s.
- To ensure that all business written complies with Canopius internal policies, procedures and controls and that these are understood and adhered to by the team.
- To ensure that business is only accepted through intermediaries and coverholders approved by Canopius in accordance with internal procedures
- To ensure that complete and accurate underwriting records are maintained.
- To promote a culture where client’s needs are placed at the heart of underwriting decision-making and business is conducted in a manner that meets Canopius internal standards and FCA guidelines.
- To actively assist with development of Junior Underwriting staff
- To ensure that the workplace environment is fair, equitable, collaborative, supportive, and respectful and one which encourages and increases the participation and contribution of all employees, irrespective of difference.
Skills and experience:
- Significant experience in Professional Indemnity class of business
- Successful and profitable track record.
- Ability to make sound decisions based on data and risk analysis and ability to make a positive impact on the long-term success of the overall business in planning, organization and development.
- Product development
- Good communicator, both verbally and written.
- Good computer skills including MS office.
- Working knowledge of the Lloyd’s market.
- Able to demonstrate Integrity and openness; Accountability; Community Involvement; Diversity & Inclusion; Teamwork; Entrepreneurial Spirit.
Our benefits
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.
