Underwriter

Application Deadline: 30 July 2025

Department: Underwriting

Employment Type: Permanent - Full Time

Location: Bermuda

Description

The primary purpose of the role is to provide underwriting and modelling support for Lancashire’s lines of business with a view to further develop underwriting authority.

Key Responsibilities

• Participate in the underwriting strategy and process including a daily underwriting call, evaluation of submissions, analysing and interpreting exposures, determining coverage and contract language as well as evaluating and prioritizing preparations 
• 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, and appropriate action taken
• Assist and with the development of and work with risk modelling and pricing tools
• Manage broker/client meetings and attend underwriting business meetings
• Leverage, build and maintain brokers relationships
• Monitor and validate account aggregates and exposures
• Work closely with other group departments to obtain and provide information as required
• Monitor market developments and remain current regarding knowledge of business, and legislated and regulatory changes 
• 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
• Monitor and follow up on payments for outstanding premiums
• Prepare and issue quotes, binders and policies on an accurate and timely basis 
• Supervise junior staff and compliance with internal and external underwriting regulations

Skills, Knowledge and Expertise

• At least 5 years insurance/reinsurance industry experience in either a broking or assistant underwriter capacity.  Strong preference will be given to persons with Specialty Reinsurance experience
• At least 5 years modelling/exposure management experience is required 
• Excellent numeracy and analytical skills with experience in handling, manipulating, and analyzing large data sets
• Proven track record working within the US or International marketplace
• Previous experience handling short tail business with an emphasis on property reinsurance
• Completion of or progression towards CPCU/ACII is an advantage
• Excellent communication skills (both written and oral) along with strong negotiation and presentation skills
• Working Knowledge of TigerEye software to model reinsurance structures RMS database schema, and a high level of computer literacy including SQL programming is a distinct advantage 
• Strong work ethic and the ability to work extended hours including weekends during busy periods is required
  
  

The Lancashire Way

Straight-talkingWe feel empowered to share thoughts and ideas, because everyone’s voice matters.
CollaborativeWe work together towards common goals, share knowledge and support each other.
Hard-workingWe all have a stake in the company’s success and are proactive in contributing to our goals and vision.
ResponsibleWe focus on achieving tangible results with consistent standards across the Group.
PositiveWe engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.