DUAL UK
Underwriter
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- A fantastic opportunity to join an expanding warranty & indemnity insurance underwriting team
- Full-time, based in London
- Suitable for candidates with a corporate legal background and looking to move into the insurance sector, or with previous W&I underwriting experience A clear route for progression to a more senior underwriter role for the right individual
Role overview
We are looking for an Underwriter to join an expanding warranty and indemnity insurance (W&I) underwriting team. The W&I team is part of a new global Transactional Risk (TR) team at an established and specialist global managing general agent (MGA). This role would suit a collaborative and commercially minded corporate solicitor looking to join the insurance market as well as those with current W&I experience.
Role responsibilities
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The successful candidate will be given both a great deal of responsibility in managing their own underwrites and exposure to clients, brokers and solicitor partners from day one. In particular, their responsibilities will include:
- Working alongside senior underwriters to underwrite international W&I risks (including the review and analysis of transaction documents (share purchase agreements, disclosure letters etc) and due diligence reports).
- Drafting and negotiating W&I policies to ensure the policy and coverage position is appropriate and within the team's underwriting appetite and guidelines.
- Building and maintaining positive relationships within the market, in particular with W&I brokers and M&A lawyers, with the view to identifying and winning new opportunities.
- Supervising junior members of the W&I team in both preparing non-binding indications for new risks and supporting them more generally in their own development.
- Support the development of the expanding global TR team and encourage cross selling and knowledge sharing across all TR product lines.
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Key requirements
- Qualified corporate solicitor with at least 2 years post-qualification experience or insurance professionals with existing W&I underwriting experience.
- Experience in drafting, managing and / or underwriting due diligence reports for M&A transactions.
- Experience of working with W&I insurance.
- Detail orientated and proactive team player.
- Strong interpersonal skills and an ability and desire to build and develop relationships with our key W&I broker partners.
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