Senior Technical Underwriter / Manager - Property

Who Are We?

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Target Openings

What Is the Opportunity?

Are you a highly technical 1st Party or Property Underwriter looking to develop your career into a more strategic role? We are hiring a Technical Underwriting Manager to support our Retail and Speciality (Lloyd's) lines of business, by developing tailored Underwriting Guides empowering our teams to thrive and grow. You will work closely with the Property Underwriting Officers, as well as building excellent internal relationships with our Senior Underwriters, to support the establishment and monitoring of long and short term underwriting strategies to effectively achieve profit and growth objectives.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company's discretion.

What Will You Do?

Contribute to the establishment and monitoring of underwriting strategies that reflect market competitive conditions and global BI appetite.

Assist UW Officers to develop and analyse portfolios from an underwriting perspective utilising MI / BI data and reporting insights from multiple sources - Portfolio Management, Business Intelligence, Actuarial, Catastrophe Modelling, Rating, Claims, Production and other performance data.

Identify trends by understanding and monitoring key performance metrics (e.g. portfolio mix; drivers of underwriting performance; claims performance by cause and by attrition, large and catastrophe components; geography; segment; distribution channel; rate targets, etc.).

Assist the UW Officers with analysis to identify and explain portfolio changes, delivering clear insight into account structure and performance. In setting strategy for rate adequacy and pricing. With preparation of data and narrative for treaty reinsurance and with compilation and monitoring of regulatory returns, e.g. MID, Lloyd's SBF Narrative, Pool Re etc.

Work collaboratively with Product Development, AVP's, Portfolio & Product Managers to develop underwriting guidance and best practice (ensure underwriting guidelines are established, updated and fit for purpose).

Support in the monitoring of legal, regulatory and statutory environments in territories where we trade, industry developments and claims trends, and making recommendations for underwriting strategy revisions.

Assist the BI UWO in overseeing and engaging in the approval, sign-off and development of policy wordings, Product UW guidance including product appetite.

Assist the UW Officers in establishing underwriting and pricing guidelines. Responsible for ensuring the repository of technical underwriting guidance remains up to date.

Participate in, prepare reports and present at Collaborative Underwriting Reviews (CUREs) and Portfolio Reviews. Participate in Independent Peer Reviews and Underwriter Level Reviews.

Contribute in reviewing training needs and creating and delivering training to Underwriters.

Perform other duties as assigned.

What Will Our Ideal Candidate Have?

Degree education & ACII preferred.

Typically has proven experience in Underwriting, including identifying and developing new business opportunities.

Good knowledge of the local insurance marketplace.

Thorough knowledge of organisational and regulatory rules, policies, procedures and effectively employs that knowledge in day to day work activities.

Advanced Technical Underwriting knowledge and ability.

Proven track record of Property Underwriting, and demonstrates Advanced Technical knowledge in respect of Property Insurance.

Exceptional organizational and time management skills.

Strong quantitative reasoning and critical thinking.

Ability to translate vision and strategy into action plans; ability to lead projects and working groups.

Self-directed; takes responsibility for decisions and actions.

Demonstrates intermediate knowledge and ability in respect of Microsoft Office systems including Excel (advanced) and Powerpoint.

What is a Must Have?

Previous experience of underwriting in Property classes of business in either the Company or London market

What Is in It for You?

Private Medical Insurance : On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.

Retirement : Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.

Holiday Entitlement : Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.

Wellness Programme : The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.

Volunteer Encouragement : We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

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.

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