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 160 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.

Job CategoryUnderwriting

Target Openings1

What Is the Opportunity?We are looking for an Underwriting specialist with experience in Lloyd’s or Specialty markets to join the Underwriting Office on a fixed term basis covering maternity leave. This role will work in partnership with the BI Specialty Underwriting Leadership team to drive profitable growth for Third Party planning lines across BI Specialty. Working with the Underwriting Leadership teams you will be responsible for the development and management of underwriting strategy, monitoring performance of assigned portfolios including risk tolerance and volatility (tightly managed risk/reward parameters with certainty around maximum pay-out) and overseeing and leading Underwriting and Portfolio reviews.

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.What Will You Do?Partnering with the BI specialty leadership team, the role will share responsibility for the profitable growth of the assigned lines of business. You will:participate in (and where required lead) the development, implementation, co-ordination and management of strategic underwriting direction (both short and long term to include rate strength, appetite, business mix and capacity deployment) & alternative risk transfer mechanisms ( including reinsurance) which is consistent with the corporate strategy to effectively position the right products, lines of business programmes and/or services to the right market segment through responsible underwriting decisions.be proactively involved (and where required lead) in the setting of strategy for rate adequacy, product and pricing within assigned portfolios to achieve maximum earnings.participate in the strategic businesses planning activities that are designed to increase the presence in the market of portfolios; retain the appropriate mix of business; and achieve overall growth and profit goals.support the Business with marketing, and development of profitable business. Providing direction, as necessary, to underwriters regarding production underwriting techniques and assists with broker development.Portfolio ManagementParticipates in (and where required lead) the portfolio CURE processContribute to setting line of business net risk appetite in conjunction with the Actuarial and Capital Modelling teamsReview portfolio mix (real time portfolio visibility views of business mix, exposures and profitability.Performance monitoring includes:Mix/exposure, rate strength, emerging loss experience, loss experience,Market indicators including comparison with competitors (seeking Reinsurance's perspectives)Spot deviation from plan and ensure follow through quickly with corrective actionMonitor accumulations and aggregations (e.g. terrorism, flood, cyber and casualty) and take strategic action where appropriateContribute to the development and implementation of Reinsurance solutionsMonitor emerging issues and trends and provide resultant underwriting direction incorporating feedback from Claim, Risk Control and ActuarialIn conjunction with Business Intelligence, Finance and Actuarial develops and ensures effective utilisation of detailed monitoring standards to assess underwriting on production and loss results (line profitability analysis, quarterly loss trends and utilisation/productivityIn conjunction with Actuarial – governance and oversight of rating tools, associated infrastructure, & provision of rates.Analyse market needs and trends as they impact business unit marketing initiatives.Effectively mentor and coach /underwriting staff to ensure production, underwriting standards and profitability objectives are achieved.Working in conjunction with UW Controls, Wordings & Product:be the advisor to the AVP’s, Senior Underwriters, Product and Marketing & Communication teams in the development of new and maintenance of existing TRV products to ensure they are / remain consistent with profit, growth and retention strategies.Have oversight of technical content of BI underwriting materials (e.g. TRV policy wordings; underwriting guides, policy summaries, procedures, technical resource articles etc.) and breadth of coverage contained with non-Travelers wordingsDesign and delegate Underwriting AuthoritiesContribute to establishing, review and execution of underwriting standards and controls as requiredRespond to external changes in the regulatory and legislative environment including liaison with regulatory and technical bodies (e.g. Lloyd’s PRA, CBI, Pool Re, ABI, Insurance Ireland, ELTO together with the relevant direction of Enterprise including SOX)Perform other duties as assigned.

What is a Must Have?Previous proven track record of leading Line of Business responsibility.Thorough knowledge of industry business operations and work methods, critical business issues and financial drivers that affect the Line of Business.Thorough knowledge of the local insurance marketplace and effectively uses that knowledge to the Company's advantage; continuously seeks out local market insight.Routinely sought out by others as a knowledge resource; coaches / mentors less experienced employees on an ongoing basis.Advanced level of proficiency required in the following: Organisation, Financial Acumen, Communication, Collaboration, Presentation Skill, Networking, Risk Selection and Critical and Analytical Thinking.Advanced level of proficiency required in the following leadership competencies:Leading the Business including; Change Management, Strategic Planning, Making Decisions, Results Orientation, Influencing, Leadership, Power, Business Perspective, Risk Taking, Innovation and Understanding & Navigating the Organisation.Leading Others including; Forging Synergy, Develops Employees, Building Collaborative Relationships, Communicating Effectively, Leveraging Differences, Participative Management and Leading Employees.Leading Self including; Openness to Influence, Flexibility, Demonstrates Leadership Stature, Self-Awareness, Credibility and Seeks Opportunities to Learn.ACII qualification preferred

What is a Must Have?Thorough underwriting experience in the Lloyd's or London market required.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences. 

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.