Senior Development Underwriter, Life Sciences

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It’s an exciting time for Everest Re Group, Ltd. (“Everest”)! As we continue on our journey, we see significant opportunity ahead of us to expand our reach, build diversity, and enhance our capabilities in critical markets.

Everest is a leading global reinsurance and insurance provider, operating for over 50 years through subsidiaries in the Bermuda, Canada, Europe, Singapore, US, and other territories. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. But the most critical asset in this organization is our people. 

At Everest, we are committed to the development of our people. We offer dynamic training & professional development to our employees. You will benefit from career development and learning opportunities that will let you set career goals and fulfill them, including:

•          Generous tuition/continuing education reimbursement

•          Mentoring opportunities

•          Flexible work arrangements

•          Talent development initiatives

•          Networking groups

Everest is a growth company with $14 Billion of Gross Written Premium offering Property, Casualty and specialty products among others, through its various operating subsidiaries located in key markets around the world. Everest has been a global leader in reinsurance with a broad footprint, deep client relationships, underwriting excellence, responsive service and customized solutions. Our insurance arm draws upon impressive global resources and financial strength to tailor each policy to meet the individual needs of our customers.

Our financial strength is evident in Financial Agency Ratings of: A+ A. M. Best, A+ S&P Global and A1 Moody’s Investor Service. We are a market leader for our broad diversified income streams, strong underlying underwriting performance with reduced volatility and strong cash flow. We take pride in being known in the industry as nimble, entrepreneurial and responsive.

This position will be based in our London office with a hybrid schedule that has the option of working two days remotely each week.

About the role

Industry Practices has been created to deliver market leading multiline solutions for specific high performing industry verticals.

Our specialist underwriting team is building a multiline bespoke client centric proposition tailored for the Life Science Industry and is supported by claims and in house specialist risk engineering.

We are looking for a multiline Underwriter who wishes to specialise in the exciting Life science sector and help develop and execute on a UK Retail Regional Underwriting strategy.

Responsibilities

• Develop and support the expansion of the Life Science Practice into the UK Regions and build on new and existing broker relationships across the regional market

• Focus on top and bottom line underwriting profit and delivery of Everest Retail plans

• Specific focus on Life science Products Liability, Employers Liability, Public Liability, Property, Terrorism and Cyber

• Proactively participate in the building and execution of the Everest Regional Retail Plan.

• Actively invest and be able to demonstrate an expansion of underwriting and product knowledge, through dedicated training (internal and external) and working with other underwriters on specific accounts.

• Have the skills required in managing a portfolio of new business and eventually Renewals including underwriting & pricing, referral, processing, broker and client relationships, and servicing.

• To monitor all relevant portfolio KPIs for own regional portfolio of accounts and support the Head of Life science across the broader UK portfolio.

• Work with the actuarial team to effectively price individual risks and add influence to our rating process and dedicated rating models.

• Collaborate with Risk Engineering to deliver bespoke added value services.

• To participate in the underwriting peer review process at the weekly and monthly underwriting meetings, as required.

• To monitor and keep abreast of changes in underwriting, regulation and compliance.

• To assist in the improvement of rating models, underwriting manuals, service standards, marketing materials, website as required

• Business travel as required to support the above objectives, and the appropriate management of T&E expenses.

Experience, Skills & Competencies

• Minimum of 5 years Industry or Underwriting experience as well as good technical knowledge of Regional Retail Life Science business.

• ACII qualified or significant progress towards.

• Relationship building –  ability to establish and maintain sound relationships both internally and externally

• Strategic skills – show an ability to determine opportunities and threats through comprehensive analysis of current and future trends that may impact our business.

• Judgment / decision making skills – shows ability to use logic, rationality and objectivity in decision making

• Risk taking – show the ability to develop a sound underwriting view to take calculated risks with favourable outcomes. 

• Compliance – ability to understand and ensure compliance with all internal and external management and regulatory controls, with appropriate support.

• Market and product knowledge – ability to maintain and develop market knowledge including competitor profiles and products

• Proven sales track record across the UK regions

The role holder will be required to embrace the Everest Core Values: Collaboration, Thoughtful Assumption Of Risk, Execution, Humility and Leadership.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviours. Click here to learn more about our culture.

Our Values are the guiding principles that inform our decisions, actions and behaviours. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Diversity, Equity and Inclusion. 

Our Colleague Behaviours define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together. 

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve. 

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