Construction Underwriter – Global

Job Title: Global Construction Underwriter 

Salary: £80,000 – £90,000

Location: London – Hybrid offering available

On behalf of our client, we are excited to offer an opportunity to become part of a top-tier Global Construction Underwriting team in London. The ideal candidate will contribute their firsthand knowledge of the construction industry to assist in evaluating risks and selecting assets for their portfolio. They will assume significant responsibilities early on and interact closely with brokers, clients, and the company’s risk engineering and claims teams. 

Key Responsibilities:

• Build and enhance relationships with brokers, industry associations, business partners, reinsurers, and colleagues to amplify influence and attain business goals.
• Continuously advance expertise and technical acumen through suitable development programs.
• Underwrite insurance risks in alignment with the business plan and personal authority, aiming to meet business objectives, which includes negotiating rates, terms, and conditions for both existing and new business.
• Ensuring compliance with contract certainty requirements for the production and issuance of documentation.
• Stay abreast of all advised Construction claims, offering input on settlements to inform future Underwriting strategies.
• Assist in coordinating Risk Engineering activities for the existing portfolio, reviewing Risk Survey reports and seeking additional information when necessary.
• Contribute to and influence the review and analysis of the portfolio, identifying progress toward business objectives.
• Ensure accurate and timely recording of entries in relevant systems, maintaining precision in data related to underwriting and aggregate exposures
• Adhere to underwriting standards, instructions, and best practices to mitigate risk.

Skills and Experience:

• Strong experience within the construction sector of the insurance industry, ideally with a sway more towards the industrial lines.
• Effective and compelling communication skills, coupled with the capacity to challenge and persuade others.
• Proficiency in analysing and utilising data to make informed decisions.
• Meticulous attention to detail.
• Familiarity with pertinent market conditions pertaining to specific classes/portfolios.
• Thorough understanding of legal and regulatory frameworks.
• Comprehension of class-specific underwriting principles and reinsurance practices.

If you have the relevant experience or know someone that does please contact us now on 0121 272 3292 or email us at emily@lawesgroup.co.uk