Senior Development Underwriter - FI

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 170 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.

Our Financial Institutions team is looking for a Senior Underwriter to join them in the London office. In this role you will be pivotal in driving business growth through strategic relationship building and new business development.

You will be responsible for underwriting predominantly new business, leveraging your underwriting authority to make impactful decisions. This role offers the perfect blend of underwriting expertise and sales acumen, as you'll collaborate closely with regional and product colleagues alongside internal and external business partners to attract fresh opportunities, retain valued customers, and explore innovative business ventures. You'll take direct ownership of broker development and management, positioning yourself as the local market expert while serving as a role model and mentor to other team members.

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.

• Underwrite and assess risk for products and accounts from assigned brokers. Make appropriate decisions within own underwriting authority in addition to considered, intelligent, and complete recommendations to regional or product underwriting leadership.
• Consistent with TICL underwriting principles underwrite more complex accounts and risks and consider different approaches toward risks to maximise profitability (e.g., pricing, retention, endorsements, limits, indemnity, security).
• Make prompt, sound decisions within underwriting authority and based on appropriate underwriting information. Negotiate terms and conditions consistent with regional or product underwriting requirements and standards within submission timeframe.
• Understand and execute product segment strategies to produce budgeted results.
• Continuously manage book of business (maintain quality of business required by regional or product underwriting strategy).
• Accountable for accurate underwriting documentation and information in account management systems and adherence to documentation standards.
• Embrace required working practices with allocated Underwriting Account Management resource in order to deliver appropriate and timely underwriting service on your accounts at all times.
• Establish and maintain collaborative relationships with colleagues in Head Office, Risk Control, Claims, Actuarial, and as needed, any other parts of the organisation.
• In exercising own underwriting authority, assure that policies and accounts are effectively underwritten, handled and documented in compliance with company and regulatory standards and requirements.
• Develop and leverage broker/client relationships through a high level of visibility and using a disciplined sales management approach (e.g., planning and follow-up for broker and prospective customer visits/meetings) in support of business objectives.
• Effectively develop and execute sales plans for assigned brokers in conjunction with the regional sales leadership as appropriate.
• Create and achieve sales plans that identify and capture new business opportunities and effectively cross sell TICL products.
• Act as a responsible business partner with assigned brokers and clients, managing interests of TICL.
• Seek out and maintain collaborative relationships with colleagues in other business units and regions to foster business development.
• Actively participate/lead regularly scheduled regional and product underwriting and/or sales meetings with your team.
• Demonstrate superior customer service standards (consistency, quick…