About this role
- The primary purpose of the role is to support the LICL Head of Mortgage and Credit Reinsurance to manage, develop and write a Credit Reinsurance book of business.
- Work alongside LICL Head of Mortgage and Credit Reinsurance, and Group Head of Casualty to build and manage a diverse book of global Credit Reinsurance business for the Lancashire Group Credit Reinsurance includes at a minimum, whole-turnover trade credit, single-risk credit, contract frustration, political risk, surety, title, structured credit, and mortgage A strong understanding of several of the underlying insurance products is paramount Sourcing business from the best in class insurance companies is a key part of this role, therefore proven relationships with carriers and brokers alike is important Assess the viability of underwriting opportunities, both within and outside of our pricing models, triaging where appropriate Lead the analysis of opportunities within appetite, including pricing, structure review and contract review Participate in client and broker meetings, representing Lancashire in a professional manner.
- Produce and present underwriting reports including the review of underwriting figures on a regular basis so that unusual trends and / or adverse movements may be dealt with, and appropriate action taken Provide guidance that could assist in the evolution of our pricing models Monitor market developments and remain current regarding knowledge of business, and legislated and regulatory changes.
- Proven familiarity with various regulatory framework is preferable.
- Ensure accuracy and integrity of underwriting data in group underwriting systems Maintain and adhere to group underwriting procedures, controls and systems under remit and report any trigger/alert factors that have the positional to negatively impact the reputation or financial position of the firm Operate with a high degree of personal responsibility and accountability for the maintenance of a portfolio of clients Keep abreast of changing risk and insurance market conditions Responsible for policy management including follow up for policies, review of policy against bound terms & conditions, request for corrections, if any and delivery of reviewed policy to Distribution for delivery to client