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About the Role

Join our Delegated Financial Lines team as an Associate Underwriting Officer to manage a diverse DUA portfolio across Management Liability, FI, PI, and Cyber during a period of strong growth. You will lead portfolio management, shaping strategy, monitoring performance, driving profitability, optimizing pricing, and making data-driven adjustments. This role requires assessing third-party proposals, handling referrals, and overseeing audits and policy wording reviews using your technical Financial Lines and Delegated Authority expertise. You will build strong trading relationships with DUA partners worldwide and collaborate with stakeholders across Travelers Europe and the US.

Responsibilities

Act as a senior referral point for complex or high-value risks submitted through delegated authority partners, providing over-authority decisions.
Support the establishment of strategic long and short-term strategies to achieve profit and growth objectives.
Participate in the establishment of underwriting and product development strategies reflecting market conditions and company appetite.
Ensure the successful implementation of agreed underwriting strategies by delegated partners.
Collaborate with actuarial and pricing teams to establish and update product pricing frameworks for delegated partners.
Monitor market trends, emerging risks, regulatory environments, and competitive landscapes, making recommendations for underwriting strategy revisions.
Monitor and analyze the performance of delegated authority arrangements, including production metrics, loss ratios, and claims trends.
Identify opportunities for portfolio optimization and implement corrective actions.
Assist with the preparation of regular performance reports on delegated authority portfolio results.
Prepare and present Collaborative Underwriting Reviews and Portfolio Reviews for delegated business.
Work with claims teams to analyze claims trends and incorporate learnings into underwriting guidelines.
Conduct regular underwriting audits of delegated authority partners to ensure compliance with guidelines and authority limits.
Provide technical training and support to delegated partners to enhance their underwriting capabilities.
Build and maintain strong relationships with DUA partners, brokers, and internal colleagues.
Identify new delegated authority partnerships and oversee the due diligence process.
Provide technical support and feedback to DUA partners to enhance their underwriting capabilities and alignment with company appetite.
Ensure all delegated arrangements comply with regulatory requirements and internal risk management frameworks.
Collaborate with stakeholders to approve and sign-off new policy wordings or amendments.
Maintain accurate records of all delegated authority arrangements and related documentation.
Support the implementation of governance frameworks established by senior management.

Requirements

Demonstrated experience in managing delegated authority relationships or working with MGAs/TPAs.
Proven track record of delivering profitable underwriting results.
Strong decision-making capabilities, particularly with complex risk scenarios.
Relevant underwriting experience in Professional Indemnity, Management Liability, Financial Institutions, and/or Transactional Liability classes.
Demonstrated experience in handling complex risks either as an underwriter or a referral point for underwriters.

Skills

Strong technical knowledge of D&O, PI, Cyber, and FI including coverage analysis, risk assessment, and pricing.
Familiarity with Lloyd’s delegated authority frameworks.
Strong analytical skills with the ability to interpret data and translate insights into actions.
Excellent negotiation and relationship management skills.
Awareness of market coverage trends and ability to analyze coverage against company risk appetite.
Good interpersonal and communication skills, with a collaborative approach to working with internal and external stakeholders.

Location

Europe

Work Type

Hybrid

Experience Level

Associate

Education Level

ACII qualified

Benefits

Private Medical Insurance (single cover provided, option to add dependents at expense)
Retirement Pension Plan (core contribution with increased company contribution for employee contributions)
Holiday Entitlement (minimum 25 days annually, option to purchase up to 35 days)
Wellness Programme (tools, discounts, resources, mental health program with free professional counseling)
Volunteer Encouragement (Matching Gift and Volunteer Rewards program)

About the Company

Travelers has over 170 years of experience as a property casualty insurer.
The company fosters a culture rooted in innovation and collaboration.
Travelers has more than 30,000 employees in the United States, Canada, the United Kingdom, and Ireland.
The company has Diversity Networks that celebrate culture and communities.
Travelers has been recognized by organizations such as G.I. Jobs and Military Times.
Employees are encouraged to volunteer for community causes.

Equal Opportunity

Travelers is an equal opportunity employer.
The company values the unique abilities and talents each individual brings to the organization.
Travelers recognizes that the organization benefits from diversity.
The company provides assistance for candidates with specific questions regarding the physical requirements of a role.