Renewals Team Leader & Senior Underwriter - Technology

We are looking for a Senior Renewal Underwriter & Team Leader to manage our team of Underwriters looking after our Technology renewals. In this interesting and varied role, you will strategically partner with brokers to provide a superior service and bespoke solutions to Technology customers. You will analyse and evaluate risk to achieve business goals within the Technology book. You will oversee and manage the performance of the team in successfully handling the UK & Ireland renewal book against service KPIs and financial targets. You are decisive, detail-oriented, and know how to build relationships internally and externally to drive results. Your ability to inspire and lead others by example will contribute to the profitable growth and success of Travelers. To be successful in your application, you will be able to demonstrate strong people management skills as well as experience underwriting, ideally in the Tech sector or more generally in the PI & Cyber market. 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. This role is eligible for a £2,500 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus. What Will You Do?

• Manage the profitability, growth, and retention of an assigned book of business primarily comprised of moderate to complex accounts across all our products.
• Underwrite and skillfully negotiate moderate to complex risks to minimise risk and maximise profitability, including Mid Term Adjustments (MTAs).
• Proactively manage your portfolio, ensuring key performance indicators are consistently achieved and you actively target new business and retention.
• Identify and take corrective action based on individual risk characteristics identified through Portfolio Management to actively manage your portfolio of risks.
• Identify and capture opportunities to write additional lines of business using knowledge of products, risk characteristics and appetite.
• Proactively utilise various technology platforms to quote and bind risk efficiently.
• Prepare, lead and present Underwriting Reviews for individual policies or portfolios/schemes and manage action points.
• Cultivate and maintain relationships with internal partners within the business unit and across the enterprise to identify cross-selling opportunities.
• Foster and maintain relationships with brokers by phone, email or other communication channels to market and sell Travelers products with a goal of writing and retaining accounts consistent with our risk appetite. Must be able to travel to meetings.
• Develop and execute retention plans and support the new business teams to win business that align with the team's sales plans to drive success working in partnership with the sales team.
• Provide coaching, training, and performance management of team while ensuring the successful execution of the business strategy.
• Perform other duties as assigned., Private Medical Insuran ce: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.
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 (4-ESU@travelers.com) 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.


• A Levels or similar qualification.
• Knowledge: Deep knowledge of products, the regulatory environment, and the local insurance market.
• Analytical/Critical thinking: Strong critical thinking skills with the ability to underwrite, market products, identify financial challenges, and analyse available information to make decisions in alignment with our risk appetite.
• Communication/Influence: Excellent communication skills with the ability to successfully negotiate in difficult situations with brokers.
• Inclusion: Ability to work with and lead people from different backgrounds, experiences, cultures, races, etc. and views those differences as assets to be leveraged to accomplish business goals and objectives.
• Leadership: Experience leading others.
• Industry / Competitor Analysis: Review competitor press releases and industry trade press for helpful insights, linking key themes together and identifying applicability to team strategies.
• Project Management: Participate in and/or lead projects that involves complex analysis and implementation of non-complex, routine business and regulatory changes relating to the enhancement, maintenance or introduction of new products.
What is a Must Have?
• Strong experience of underwriting, product knowledge, financial analysis, or risk assessment experience.
  
  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.