Chaucer Group
Class Underwriter - Marine PI
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Class Underwriter - Marine PI
Chaucer Marine Professional Indemnity (PI) Underwriting Support Role
About Chaucer
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries such as major airlines, energy companies, shipping groups, global manufacturers, and property groups from the risks they face.
Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney, and Bermuda, we position ourselves closer to clients worldwide. Learn more at www.chaucergroup.com.
Job Profile Summary
Support the Marine PI Lead in underwriting and effectively managing the Marine PI portfolio, fulfilling delegated authority where required.
Role & Responsibilities
Support the Marine PI Lead by:
- Driving growth via established distribution channels, including developing new opportunities through engagement with Chaucer’s international hubs.
- Negotiating renewals and new business required within underwriting authority, aligned to Marine PI growth targets.
- Approving endorsements, amendments, and promised lines, adhering to CHAU’s underwriting guidelines.
- Accepting individual declarations on specified line-slips.
- Handling special acceptances and referring cases to binding authorities, treaties, and line-slips as required.
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Growth & Business Development
- Proactive marketing initiatives to meet class and divisional budget targets.
- Building and maintaining long-term client relationships—including international travel where appropriate—to foster strong market reputation.
- Acting as liaison on special projects aligned to Chaucer’s long-term objectives, taking leadership where required.
Administrative Excellence
- Ensuring underwriting records and client files are properly maintained and updated.
- Performing specific account analysis and regular peer reviews of allocated risks in line with Chaucer’s underwriting selection criteria and manual processes.
- Maintaining premium data accuracy for all risks under responsibility within Charisma.
Internal & External Liaison
- Operations Department collaboration.
- Claims Department coordination.
- Client liaison for allocated accounts.
- Acting as referral point for Assistant Underwriter and Deputy.
Regulatory Responsibilities
- Fully comply with Chaucer’s policies, procedures, and governing regulations.
- Ensure fair treatment of customers and policies designed for good customer outcomes.
- Overseeing relationships with customers, agents, and service providers.
Required Skills & Competencies
Relevant experience essential:
- Specialised in Marine PI underwriting.
- Exceptional negotiation skills with brokers and clients.
- Strategic Thinking capability to translate long-term goals into actionable objectives.
- Innovative Mindset to proactively identify opportunities.
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Business Awareness:
- Deep knowledge of global market dynamics, contractual structures, and cross-industry risks.
Execution & Ownership:
- Proactive ownership of targets and commitment to results-driven outcomes.
- Strong analytical output in account review and reinsurance dynamics.
Adaptability:
- Resilient approach to adapt to market changes and emerging challenges.
Education Requirements
- Chartered Institute of Loss Adjusters (ACII qualification**).
Why Join Chaucer?
Chaucer is a leading global insurer operating across Lloyd’s and company markets, specialising in nuclear, shipping, manufacturing, energy, and property risks. With strategic offices worldwide, our growth reflects success in Gross Written Premiums, rising from $1.4bn in 2019 to $3.5bn in 2024.
Benefits
- A hybrid work model, with flexible alasigned to individual roles and teams.
- Diverse, inclusive culture that celebrates individual differences.
- Extensive non-contributory benefits, including:
- Private and company medical coverage.
- Life insurance and pension schemes.
- Flexible holidays and access to targeted wellbeing support.
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