Jobs in Glasgow, city of glasgow, uk

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.

Job Category

Underwriting

Target Openings

What Is the Opportunity?

We are looking for a Casualty Underwriting specialist to add to our Underwriting Office team as Deputy Casualty Underwriting Officer. In this role you will use your expert knowledge of Casualty to support the lead Underwriting Officer and leadership teams across Business Insurance Retail, SME and Specialty to monitor and contribute to the profitable growth of our Casualty and Third Party portfolios.

You will be instrumental in developing and managing the underwriting strategy for the Casualty portfolio. By collaborating with colleagues in underwriting, claims and actuarial you will proactively monitor the performance of your portfolio and take corrective action where required; including contributing to setting net risk appetite, rate, risk tolerance, volatility, accumulations and aggregations, market indicators and deviation from plan. You will also oversee or lead Underwriting and Portfolio reviews to retain the appropriate mix of business and achieve overall growth and profit goals.

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.

This role is eligible for a £2,500 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

What Will You Do?

• Support the development and execution of strategic underwriting direction (both short and long term to include rate strength, appetite, business mix and capacity deployment) and alternative risk transfer mechanisms (including reinsurance solutions) consistent with the corporate strategy to effectively position the right products, lines of business programmes and / or services to the right market segment through responsible underwriting decisions.
• Support the setting of strategy for rate adequacy, product, and pricing within assigned portfolios to achieve maximum earnings / planned ROE.
• Support the UW Officers – in the governance and oversight of rating tools, associated infrastructure, and provision of rates.
• Support the analysis of internal and external emerging issues and trends and provide resultant underwriting direction incorporating feedback from Claim, Risk Control and Actuarial.
• Effectively mentor and coach / underwriting staff to ensure production, underwriting standards and profitability objectives are achieved.
• Contribute to establishing, review and execution of underwriting standards and controls (including Underwriting authorities) as required.
• Respond to external changes in the regulatory and legislative environment including liaison with regulatory and technical bodies.
• Have oversight of technical content of BI underwriting materials (, TRV policy wordings; underwriting guides, policy summaries, procedures, technical resource articles etc.) and breadth of coverage contained with non-Travelers wordings
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

What is a Must Have?

What Is in It for You?

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.