Senior Production Underwriter, AFMUnderwriting/Reinsurance, Other Careers Job ID 2023-13287 Primary Location: London, United Kingdom 08/09/2023
More information about this job:
AFM, part of the FM Global Group, specializes in commercial property insurance for the middle market, providing tailored underwriting expertise and property loss control engineering through a select international network of broker partners. Tailoring the knowledge and experience of large international companies to build real resiliency into any middle market company, the organization
Around the world, AFM, a premier middle market property insurer, is exploring new ways to expand and tailor coverage to meet our brokers’ and clients’ ever-evolving business challenges. Drawing on the full strength of the FM Global Group, we help our clients choose how to best identify, prioritize and reduce future loss in a way that makes practical and affordable sense. We distribute our property insurance products and engineering solutions exclusively through a network of brokers. We value long-term relationships that provide the realization of greater value by deploying the skills of our highly trained account engineers and production underwriters. We believe that clients don’t have to be vulnerable to catastrophic property loss. With nearly 180 years of engineering experience and research behind us, we have developed intelligent, cost-effective solutions that create opportunities to build resiliency into any middle market
AFM is looking for a full time Senior Production Underwriter to join the London Office. This is a unique opportunity to be part of and help maintain and grow a dynamic AFM office. The AFM Production Underwriter is responsible for both new business production and renewal retention while maintaining underwriting profit and protecting the company’s assets.
The Senior Production Underwriter effectively markets AFM products and services to a network of producers with whom long term relationships are developed, maintained, and nurtured. They are responsible for profitable risk selection, negotiation of pricing, terms, and conditions, and using creative underwriting strategies to optimize net retentions that effectively balance both customer and company needs. The Senior Production Underwriter role is responsible for coordinating account team resources to provide excellent and adaptable services that contribute to our broker and customer relationships.
They work closely with Account Engineers to review renewal and new business opportunities to ensure proper risk identification, analysis, and assessment in order to ensure the development and growth of a profitable portfolio of business in the London and UK territory. AFM Production Underwriters primary relationships are with Brokers and reinsurers for insurance-related issues.
Responsibilities include meeting specific profit, production, and retention goals as developed in consultation with Regional and Area manager. Multiple business contacts must be established, and an effective program of calls must be implemented to ensure high visibility.
New risks must be pre-qualified based on acceptability today and its future potential. This includes a thorough analysis of the broker submission, desired pricing, terms and conditions, financial condition, adequacy of reported values, and loss experience.
The company’s assets must be protected by adhering to company underwriting standards and procedures. This will include resolving amount subject and net capacity commitment, in addition to checking cross liability, leading catastrophe aggregate retentions, negotiating, and purchasing reinsurance and establishing commissions in a manner most advantageous to the company.
- Bachelor’s Degree or equivalent combination of education and experience, CII desirable but not required!
- Proven experience as a Senior Underwriter for commercial property accounts of varying occupancies and sizes including a sound working knowledge of risk identification and assessment, property insurance coverage, forms, financial statements, and business computer applications.
- Knowledge of the London Market with a demonstratable network of broker contacts
- Demonstrated skills in oral and written communication, time management, analysis, decision-making, problem-solving, sales/negotiation/presentation and leadership as well as the ability to establish a network of property producers and industry contact
FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.
BEING FM Global
Inclusion, Diversity & Equity
We’re creating a company-wide culture that recognizes how essential this work is to our overall success.
Learn More about Diversity and Inclusion
FM Global Learning
We’re building technical skills and leadership capabilities across the enterprise, with new solutions for learning.
Learn More about FM Global's Learning Center