Portfolio Underwriter

'Portfolio Underwriter' is a newly created position at MS Amlin Underwriting Limited (MS AUL). Working within the CUO's office and reporting to the Head of Property and Allied Lines, the Portfolio Underwriter will be responsible for developing a new line of business known as the 'Special Situations' class. Underwriting at MS AUL is organised into the following departments: Property and Allied Lines, Casualty, Natural Resources, Crisis Management, Marine and Reinsurance. The Portfolio Underwriter will develop a portfolio which targets business which does not readily fit within individual departments' existing business plans. This might be for reasons of departmental appetite, resource stretch or perceived blockers to success (e.g. tolerances, departmental Cat limits, ability to purchase Reinsurance etc.) which can be more easily overcome from the CUO's office. Working in partnership within MS AUL and other entities to leverage relationships and identify new business opportunities, the class will target a cross cycle NCOR target of 95%. Potential focus areas could include, and are not limited to:

• Cross class opportunities (c.f. Aon Client Treaty)
• Insurance or Reinsurance (e.g. various broker facilities)
• Algorithmic Fast Follow lines
• New product lines (e.g. via the Howden Ventures program)
• Consortia
• Opportunities within the wider MS & AD group (e.g. with Transverse)
About The Job What you'll spend your time doing: While there is rarely a 'typical' day as a Portfolio Underwriter, here's a snapshot of the key components of the role:
• Underwriting strategy: Design and ownership of the portfolio from end to end
• Risk Assessment: Via thorough analysis, evaluate the risk associated with new and existing products within the 'Special Situations' class to achieve profitable growth
• Portfolio Management: Monitor the performance of the class, identifying trends and making recommendations for adjustments to maintain profitability and compliance with MS AUL's risk appetite
• Collaboration: Work closely with other departments, including Claims, Pricing, Reserving and Risk to ensure cohesive and comprehensive management of the portfolio. Provide expertise and guidance to junior underwriters and other team members as appropriate
• Relationship management: Maintain strong relationships with brokers, internal stakeholders and other entities within the MS & AD group
• Compliance: Ensure that all underwriting activities comply with company policies, industry regulations, and legal requirements
• Reporting: Prepare regular reports on the performance of the 'Special Situations' class, highlighting key metrics, trends, and potential issues. Present findings to senior management and stakeholders as required
  
  Underwriting, ideally across multiple lines
• Wide and deep relationships in the London market
• Experience operating in more than one market in addition to Lloyd's (e.g. London company, Bermuda, Zurich, Singapore, Dubai)
• Experience either writing or buying Reinsurance
• Experience with product innovation
• Key skills in undertaking analysis of market and identifying new business opportunities, products and clients
• Good understanding of relevant risk, regulatory and legal requirements
  
  About MS Amlin
MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd's, Continental European, US and Bermudian global (re)insurance markets. This role is in our Lloyd's business Our Lloyd's business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world. We operate from our offices in the heart of London's (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd's Syndicate 2001, and we can trace our roots in the insurance market, back over 100 years.


• Competitive Base Salary
• Performance Related Discretionary Bonus
• Holiday: 28 days core annual leave, and you can buy up to 5 days
• Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
• Private Medical: cover for yourself. Family members/dependants can be added.
• Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
• Life Assurance: 5 x annualised base salary
• Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
• Continuous Learning Approach: Including study support with professional qualifications.
• Employer Supported Volunteering: 3 days volunteering leave.
• Annual health screening
• Give as you earn
• Cycle to work
• Season ticket loan
• Green car scheme
• Retail discount platform