Underwriter - Jewellery, Fine Art & Specie

Overview

This role is focused on underwriting Jewellers Block, Fine Art & Specie insurance accounts within the Property division, specifically targeting Asia Pacific markets. The position requires providing expert advice on underwriting concerns while enhancing the company's market reputation.

Key Responsibilities

• Manage and grow a profitable portfolio of Jewellers Block, Fine Art & Specie business for the Asia Pacific region as part of the Property team.
• Create bespoke underwriting solutions adhering to team guidelines and policies to attract and retain clients.
• Track premiums, claims, and costs per contract, implementing corrective actions to assure long-term account profitability.
• Determine appropriate risk premiums by analyzing risk costs, reinsurance, capital exposure, and administrative expenses, utilizing rating models where appropriate.
• Oversee and guide peer underwriters to maintain profitability and efficient account management.
• Supervise underwriting assistants ensuring compliance with policies and conformity across the team.
• Adhere to Beazley’s underwriting standards for business through Lloyd’s or internal MGAs.
• Collaborate closely with claims managers and assist in coordinating between claims counsel and adjusters.
• Advise and support clients on insurance and risk-related matters to ensure satisfaction.
• Establish and maintain strong relationships with clients, brokers, and cedants.
• Promote awareness of the wider product range and identify opportunities to cross-sell services to clients.
• Develop and implement standardized underwriting policies and best practices within the Beazley group.
• Collaborate with team members to maximize business opportunities and profitability through sharing insights and resources.
• Create presentations and marketing materials, as well as prepare business plans and research for the account.
• Maintain adherence to company core values emphasizing boldness, continuous improvement, and integrity in all interactions.
• Follow all internal policies, training requirements, and regulatory standards including PRA and FCA codes of conduct.

Qualifications and Skills

• Minimum of a graduate-level education.
• Proven underwriting expertise with accuracy and strong numerical skills.
• Proficient in computer use including advanced skills in Microsoft Excel and MS Office.
• Excellent analytical abilities and attention to detail.
• Effective verbal and written communication skills.
• Strong time management, prioritization, and deadline adherence capabilities.
• Motivational and leadership qualities.

Experience and Knowledge

• Significant underwriting or reinsurance broking experience in Jewellers Block, Fine Art & Specie, Marine Cargo or Property insurance.
• Comprehensive understanding of insurance markets across various countries, especially in Asia Pacific, with well-established broker and cedant contacts.
• Sound commercial and financial acumen.
• In-depth knowledge of underwriting policies, philosophies, and procedures.
• Advanced understanding of underwriting systems and processes.
• Strong client service background.

Personal Attributes

• Result-driven, proactive, adaptable, and enthusiastic individual.
• Professional demeanor suitable for engaging successfully with colleagues and external stakeholders.
• Ability to work both independently and collaboratively within a team.
• Customer-oriented approach with a robust service ethic and fairness.

Competencies

• High achievement orientation.
• Strong analytical and strategic thinking.
• Focus on service and teamwork.
• Forward-looking mindset and capability in developing others.
• Conceptual and critical thinking skills.