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About the Role

Lead the London Market underwriting team for the Cyber portfolio, supporting strategic direction and growth. Combine hands-on underwriting with strategic influence, managing a team and shaping market growth. Drive pricing, risk selection, and engagement with brokers, industry events, and thought leadership. Report on portfolio success and execute strategy.

Responsibilities

• Achieves the annually agreed production and profitability objectives.
• Ensures that new business, renewals and mid term adjustments within assigned product(s) are underwritten within published guidelines and authorities.
• Polices processed onto IT systems as required by the Commercial Underwriting Practices Manual.
• Accountable for adequate pricing and classification of risks within assigned product(s) in accordance with the Underwriting Guidelines and rating consideration, liaising with Actuarial Department as required.
• Ensures adequate information is obtained to enable the selection of high quality business within the product segment.
• Ensures that all business written is within the gross and net capacity agreed each year in the structure of the ceded reinsurance programme.
• Monitors market developments within assigned product(s) and ensure that opportunities are maximised and threats are minimised.
• Researches and develops new and existing areas within the product(s).
• Ensures policy documentation for customers accurately reflect coverage agreed and issued within the agreed service standards.
• Promotes Travelers products, distribution strategy and philosophy and provides guidance on the Company's underwriting philosophy, procedures and requirements by regular visits to brokers premises maximising the opportunities for growth and profit of the commercial business.
• Ensures underwriters writing for the product; comply with their authority levels, the Product Underwriting Guides, Technical Underwriting Guides and Commercial Underwriting Practice Manual and the Business Partner & Processing Manual.
• Performs process and underwriting competency audits to ensure the audit requirements established for Commercial Underwriting are complied with and underwriting standards within the product(s) are both maintained and continually improved upon.
• Ensures that high quality customer service is delivered to brokers and customers in line with the Commercial Insurance service standards and/or product specific service levels.
• Supports the objective to ensure that a high quality risk management service is provided for customers.
• Handles referrals and underwriting of complex and/or high profile accounts and underwriting individual risk accounts.
• Sets and maintains underwriting guidelines for assigned product(s), in collaboration with Chief Underwriting Officers and Technical Solutions to ensure that the Technical Underwriting Guides and Commercial Underwriting Practice Manual are adhered to.
• Makes recommendation for and appropriately maintains underwriting authority documents within the Company for assigned product(s) based upon individual underwriting experience and competencies.
• Sets work objectives and goals for employees and manages performance.
• Typically involved in hiring and compensation decisions.
• Seeks out opportunities to champion or lead projects to improve efficiencies and effectiveness within product(s).
• Perform other duties as assigned.

Requirements

• Bachelor's Degree or higher education level.
• Relevant experience in Underwriting preferred, with a thorough understanding of the assigned product(s).
• Advanced level of proficiency required in Organisation, Financial Acumen, Communication, Collaboration, Presentation Skill, Networking, Risk Selection and Critical and Analytical Thinking.
• Advanced level of proficiency required in leadership competencies: Leading the Business including; Change Management, Strategic Planning, Making Decisions, Results Orientation, Influencing, Leadership, Power, Business Perspective, Risk Taking, Innovation and Understanding & Navigating the Organisation.
• Advanced level of proficiency required in leadership competencies: Leading Others including; Forging Synergy, Develops Employees, Building Collaborative Relationships, Communicating Effectively, Leveraging Differences, Participative Management and Leading Employees.
• Advanced level of proficiency required in leadership competencies: Leading Self including; Openness to Influence, Flexibility, Demonstrates Leadership Stature, Self-Awareness, Credibility and Seeks Opportunities to Learn.
• Extensive understanding of UK Professional Indemnity or Financial Institutions and Management Liability.

Skills

• Organisation
• Financial Acumen
• Communication
• Collaboration
• Presentation Skill
• Networking
• Risk Selection
• Critical and Analytical Thinking
• Change Management
• Strategic Planning
• Making Decisions
• Results Orientation
• Influencing
• Leadership
• Power
• Business Perspective
• Risk Taking
• Innovation
• Understanding & Navigating the Organisation
• Forging Synergy
• Develops Employees
• Building Collaborative Relationships
• Communicating Effectively
• Leveraging Differences
• Participative Management
• Leading Employees
• Openness to Influence
• Flexibility
• Demonstrates Leadership Stature
• Self-Awareness
• Credibility
• Seeks Opportunities to Learn

Location

• London Market

Work Type

• Full-time
• Hybrid

Experience Level

• Director

Education Level

• Bachelor's Degree or higher
• Advanced Qualification in Insurance preferred (ACII or equivalent)

Benefits

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

About the Company

• Taking care of our customers, our communities and each other.
• A reputation as one of the best property casualty insurers in the industry for over 170 years.
• A culture that is rooted in innovation and thrives on collaboration.
• Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy.
• Travelers has more than 30,000 employees in the United States, Canada, the United Kingdom, and Ireland.
• Employees and their eligible family members – including spouses, domestic partners and children – are eligible for coverage from the first day of employment.
• Travelers has been recognized by organizations such as G.I. Jobs and Military Times.
• Our employees are valuable assets to their hometowns, volunteering for important causes each year.

Equal Opportunity

• Travelers is an equal opportunity employer.
• We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
• If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
• Travelers reserves the right to fill this position at a level above or below the level included in this posting.