Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
The insurance companies of Chubb serve multinational corporations, mid-size and small businesses with property and casualty insurance and services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeowners, automobile and other specialty insurance coverage; companies and affinity groups providing or offering accident and health insurance programs and life insurance to their employees or members; and insurers managing exposures with reinsurance coverage.
With $150 billion in assets and $37 billion of gross written premiums in 2014* on a pro forma basis, Chubb’s core operating insurance companies maintain financial strength ratings of AA from Standard & Poor’s and A++ from A.M. Best.
Chubb’s parent company is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.
Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 30,000 people worldwide.
We are seeking an experienced Multinational Underwriter to form a key part of Chubb's London Technology Underwriting Team specialising in Cyber and Professional Indemnity for Technology companies. The successful candidate will have responsibility for growth of the Portfolio with key Brokers and Clients, whilst maintaining and developing a portfolio of existing accounts.
Working closely with the UK&I Technology Manager to drive production opportunities, including devising strategies to achieve the 5 year growth ambitions within Chubb’s Industry Practices.
Financial Goals. To underwrite new business and renewals according to defined underwriting guidelines, specified budget and local business plan.
Leadership. Demonstrates strong leadership skills in directing and placing business; insured and producer relationships; development of team members in broader understanding of product expertise
Portfolio Integrity. To assist in formulating underwriting strategy, forecasts and portfolio management in order to achieve underwriting profitability. To ensure quality control within defined area of responsibility by undertaking quantitative underwriting reviews, running regular management meetings and peer reviews.
Product Development. To prioritise and develop products within area of specialist expertise in order to improve client retention and new business within the Technology arena. This may involve collaborating with peers within and across business lines in Europe as well as globally.
Producer Management. To represent and promote Chubb corporately to brokers, internal and external clients. This will involve servicing key producers and Technology clients, monitoring business acquisition and retention as well as maximising cross-selling opportunities.
Manage Key facility relationships
Procedures. To meet company standards in respect of policy documentation, timeframe for quoting new and renewal business, peer review and compliance issues.
Operational Management. To manage junior colleagues by using the Chubb PMP and peer review process as well as providing mentoring, training and coaching where appropriate.
Chubb Representative. To represent and promote Chubb and maintain a permanent contact with internal colleagues and clients as well as major Technology clients.
Technical Ability. Provide technical leadership for underwriting/marketing including risk referrals and portfolio management; serves as a resource regarding unique coverage needs within the evolving Technology Sector
Key Responsibilities Experience & Skills Required
Skills & Experience Required:
An experienced professional who is recognised externally for their considerable market experience and presence. Minimum 5 years underwriting background.
Familiar with developing marketing plans and handling complex multiline accounts
Possesses a comprehensive understanding of Technology PI and Cyber and adaptable to developing their skillset by learning new lines of business - Property and Casualty
Experience of underwriting multinational programmes is preferred.
Significant experience of the London Insurance market and competitors, and of dealing with brokers and clients.
Possesses broader business skills – communication, organisation, IT, presentation, and negotiation skills.
Ability to cross sell within Chubb and understand the underwriting appetite of other departments to drive growth across the business.
Results driven with the ability to make own decisions and work on own initiative.
Experience of leadership, training, mentoring and people development
ACII qualification preferred but not essential.
What can you expect in return
• Competitive salary & pension scheme • 25 days annual leave plus ability to purchase 5 additional days • Private Medical cover • Employee Share Purchase Plan • Life Assurance • Subsidised gym membership • Comprehensive Learning & development offering • Employee resource groups: Gender Equality Network, Abilities & Wellbeing, Social Mobility, Parents & Carers, Pride Network, Cultural Awareness Network. • Networking, mentoring & development opportunities. • Agile working environment (London only adverts) • 1 day annual Charitable leave • Cycle to work scheme • Active Sports & social committee • Employee Assistance program • Monthly free breakfast (London only adverts)
Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.
Diversity & Inclusion At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances. https://www2.chubb.com/emea-careers/working-for-us/diversity-inclusion.aspx
Work Location: London - LeadenhallJob Function: Underwriting Employment Type: Permanent