Assistant Underwriter – Downstream Energy CGM
About Chubb
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited 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, Paris and other locations, and employs approximately 33,000 people worldwide. Additional information can be found at: www.chubb.com
The CGM Energy division are seeking an enthusiastic and driven individual to join their team. This individual will support the underwriters with their day to day administrative and technical responsibilities and develop their own underwriting abilities. They will support the underwriting team in delivering a high quality service by taking ownership of some of the operational functions of the team. They will develop technical and broader business skills in this specialist product line to enable them to develop the appropriate underwriting skill set, working closely with experienced Underwriters.
Key Responsibilities
- Shadow Underwriters to learn the underwriting process
- Assist Underwriters to gather and record broker new business and renewal submissions
- Prepare and gather information required for Underwriters in order to assist with the quoting stage, including engineering reviews
- Manage catastrophe modelling, liaising with the Cat Team, reviewing output and referring to the Underwriter
- Learn all aspects of the portfolio
- Learn all the actuarial functions
- Produce periodic reports such as production, exposure summaries, rate movement and adequacy
- Learn all financial, legal, regulatory and compliance as it relates to the role
- Work closely with the operations departments to ensure all outstanding queries are addresses within the specified timeline
- Build and maintain good relationships with brokers
- Attend technical presentations and training programs internal and external to improve technical understanding of the product line
- Any other ad hoc duties allocated by the Line Manager
- Experience of the London or Lloyd’s market preferably in Downstream Energy Open Market
- Minimum A levels
- Preferably higher level qualification such as a degree
- Must be willing to or have already started to study for professional examinations
- Proficient in Microsoft Office, particularly Excel
- Understanding of CAT models, Primary and XOL and rating models
- Ability to demonstrate logical approach to processes and problems
- Excellent organisational and communication skills and able to manage time effectively and prioritise work accordingly
WHAT WE OFFER 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 offerings.
Employee resource groups: Gender Equality Network, Abilities & Wellbeing, Social Mobility, Parents & Carers, Pride Network, Cultural Awareness Network.
Networking, mentoring & development opportunities, 1 day annual Charitable leave, Cycle to work scheme, Active Sports & social committee, Employee Assistance program
Integrity. Client focus. Respect. Excellence. Teamwork
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.
