Underwriter - Environmental

Aperçu:

Key Relationships: Brokers, underwriters, claims, wordings, insureds, external clients and suppliers

Job Summary:

To act as Regional Lead for the French market and be instrumental in developing an Environmental book of business within the Professions, Environmental and M&A team.

Collaborate with the global underwriting team to provide counsel and advice on underwriting related issues and technical expertise in this business area, whilst maintaining and improving market reputation of the Beazley brand.

Beazley is looking for an experienced Underwriter to be responsible for planned growth in the French market. The successful candidate will be the point person for the European markets and key to the sustained growth of the Environmental book in Europe.

This is a fantastic opportunity for an experienced Underwriter with the desire to be empowered to exercise their entrepreneurial spirit and join a high performing team with further growth plans. Beazley offers strong benefits, including profit related pay for Underwriters, along with hybrid working in a supportive and adult culture, in our flagship Paris office.

Key Responsibilities:

• Work closely with European Head and local Broker Relations person to develop strategy for growth
• Develop market friendly forms for European market with assistance of Wordings Team and outside counsel.
• Assist in adapting the current U.S./ROW rating tool to European pricing
• Work with marketing to develop focused marketing materials

• Develop and underwrite a profitable portfolio of Environmental business.
• Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.
• Manage innovation and development of non-insurance service offerings to insureds and others.
• Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.
• Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.
• Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Environmental account.
• Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Specialty Risks
• Comply with Beazley's underwriting control standards for business written through Lloyd's, Beazley Insurance Company Inc or Beazley's internal MGAs.
• Develop a good working relationship with the claims managers on this class of business.

• Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.
• Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs.
• Maintenance of good business relationships with brokers.
• Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.

• Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
• Develop best practice and disseminate business and class knowledge within the Environmental, PEMA and Specialty Risks teams.
• Work with peers within Environmental, PEMA and Specialty Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
• Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.
• Production of presentations and marketing literature as required.
• Production of business plans/research documents for the Environmental account as required.

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification:

• Minimum graduate level education in technical/science discipline (Geology, Engineering, Chemistry, Environmental Science)
• Must have technical background/consulting background

• Proficient underwriting skills
• Accurate and numerate
• Strong analytical skills with attention to detail
• Able to communicate effectively with others, both verbally and in writing
• Ability to manage time, meet deadlines and prioritise
• Motivational skills
• Fluency in English as well as the local language; additional European languages beneficial

• General commercial and financial knowledge
• Extensive experience in insurance industry
• Extensive experience of Environmental underwriting
• Broad knowledge of Environmental insurance environment, including key brokers, regulatory environment and competition
• Background in Environmental engineering or consultancy
• Thorough knowledge of underwriting policy, philosophy and practice
• Advanced knowledge of underwriting processes and systems
• Client service experience

• Result focused, self-motivated, flexible and enthusiastic
• Professional approach to interact successfully with managers/colleagues/external suppliers
• Team worker as well as able to work on own initiative
• Customer focused, with a strong ethic of service and fairness to the customer

• Achievement drive
• Analytical thinking
• Strategic thinking
• Service focus
• Team working
• Conceptual thinking
• Forward thinking