Senior Marine Hull Underwriter

Job Description

Senior Marine Hull Underwriter

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Location: London / London Market

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Salary: £100,000+ + bonus + benefits

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Sector: Marine Insurance / Reinsurance

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Employment Type: Permanent

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The Opportunity

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A leading and well-established Marine (re)insurance business operating within the London Market is looking to appoint an experienced Senior Marine Hull Underwriter to strengthen its underwriting team.

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This is a senior-level opportunity for an established Hull underwriter looking for genuine autonomy, influence and the opportunity to take ownership of a significant portfolio.

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You will work closely with senior leadership and play an important role in developing the future strategy, profitability and growth of the Marine portfolio.

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The client is also open to senior underwriters from adjacent Marine classes, including Marine Liabilities and Builders Risk, where there is a strong and credible business plan for developing a new book.

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The Role

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Reporting into senior Marine underwriting leadership, you will take responsibility for underwriting and developing a portfolio of Marine Hull and associated risks across the London Market and international markets.

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Key responsibilities will include:

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• Underwriting Marine Hull risks in line with agreed authority, appetite and business objectives

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• Assessing complex and high-value risks and applying strong technical judgement to pricing, terms and conditions

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• Developing and maintaining relationships with London Market brokers, clients and international trading partners

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• Identifying new business opportunities and contributing to profitable portfolio growth

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• Monitoring portfolio performance, loss ratios and accumulations

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• Working closely with claims, actuarial, reinsurance and other technical teams

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• Contributing to annual business planning, growth targets and underwriting strategy

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• Supporting and mentoring junior members of the underwriting team

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• Representing the business at broker meetings, market events and industry forums

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• Maintaining high standards of governance, regulatory compliance and underwriting discipline

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What We're Looking For

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The successful candidate is likely to have:

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• Significant Marine Hull underwriting experience within the London Market or Lloyd's

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• Experience at Senior Underwriter, Class Underwriter or Active Underwriter level

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• A strong track record of profitable underwriting and portfolio development

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• Excellent technical understanding of Marine Hull risks and pricing

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• Established relationships with London Market brokers and/or international clients

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• Strong commercial judgement and the ability to balance growth with disciplined underwriting

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• The confidence and credibility to represent a business externally

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• Lloyd's market experience and knowledge of relevant governance standards

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• Professional qualifications such as ACII/CII or equivalent are advantageous

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• An Alternative Route – Build Your Own Book

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The business is also interested in hearing from senior underwriters specialising in Marine Liabilities or Builders Risk who have the ambition and capability to develop a new area of business.

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For the right individual, this could represent a highly entrepreneurial opportunity to help shape and grow a new portfolio.

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Candidates following this route will be expected to demonstrate:

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• A clear and commercially credible business plan

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• A defined target market and growth strategy

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• A strong understanding of pricing and risk selection

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• A clear reinsurance strategy

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• Realistic growth and loss-ratio expectations

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• An established broker and distribution network

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• A proven track record of profitable underwriting and book-building

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For successful appointments through this route, equity participation is available, reflecting the seniority and entrepreneurial nature of the opportunity.

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What's On Offer

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• £100,000+ base salary, dependent on experience

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• Discretionary bonus

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• Equity participation for qualifying business-plan appointments

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• Comprehensive benefits package

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• Private medical insurance

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• Pension and life assurance

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• Significant autonomy and influence over underwriting strategy

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• Opportunity to shape and grow a Marine portfolio

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• Support for professional development and market involvement

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• An entrepreneurial and collaborative working environment

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Confidential Search

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This is a retained and confidential executive search being managed by Lawes Consulting Group, specialists in Insurance and Reinsurance recruitment.

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The identity of the client will be disclosed to suitable candidates during the process.

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For a confidential discussion about the opportunity, including the Marine Hull position or the alternative Marine Liabilities / Builders Risk business-building route, please contact Richard Chalmers at Lawes Consulting Group.

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