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Description
ABOUT US
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com
THE ROLE
The purpose of this role is to assist the Class Underwriter in all aspects of underwriting, including account ownership, new business, client engagement, travel and general Underwriting functions involved with a Treaty portfolio of business. • Agreement and negotiation of renewals and new business in accordance with underwriting authority and where appropriate, individual budgeted goals within the International Property Treaty portfolio • Agreement of endorsements / amendments / promised lines in accordance with underwriting authority • Monitor risks written and due for renewal as well as developing list of target accounts • Agreement of special acceptances and referrals to treaties • Prepare reports and statistical information as required • Assist with the development and enhancement of underwriting systems where applicable, including new and/or enhanced rate/premium benchmarking models • Develop and maintain relationships with brokers to ensure good flow of new and renewal business that fits strategic appetite, and to enhance Chaucer brand and reputation • Pro-active Marketing to meet class and divisional budgets • Build on existing and develop new long term client relationships including where appropriate foreign travel • Build strong market peer group reputation • Participating on and where appropriate chairing special projects as and when required in order to meet Chaucer's long term objectives • Ensure box records are properly recorded and updated, including client files; • When required assisting Class Underwriters scanning and taking notes of underwriting information • Specific account analysis • Assisting Class Underwriters in preparation of monthly Executive Report • Deputising for the Class Underwriters when absent at Divisional meetings • Coding and Risk Administration • Liaison with Operations Department • Liaison with Claims Department • Reporting of issues to Class Underwriters • Client liaison for allocated risks and / or in absence of Class Underwriters • Liaison with Exposure Management team • Attend market body meetings as applicable • Assist with development of junior members of the team • Reporting to Active Underwriter in absence of Class Underwriter
Skills and Competencies • Relevant non-marine insurance experience with experience of underwriting • Experience of negotiating with brokers and liaising with clients • Understanding of business planning process. • Organised and able to work to tight deadlines and manage multiple priorities • Able to communicate with different levels and is adaptable • Resilient and able to work in a pressured environment
Education • 5 GCSE's English and Maths grade 'C' or above (or equivalent) • 3 'A' Level passes (or equivalent) • Lloyd's Introductory Test • ACII or very near completion
Why Join Chaucer?
An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.
This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.
We offer: • A flexible hybrid work model that supports individual and team needs. • A diverse, inclusive culture that values people for who they are. • Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
