Support the Underwriters with Property, Casualty, Inland Marine, Commercial Auto and Homeowners business written via Binding authorities issues to a network of MGA’s
Maintain Underwriting files
Assist in preparation of all necessary contract documentation for referral, new and renewal business.
Assist with the maintenance of Underwriting manuals and other underwriting materials under direction of the Underwriting team.
Analyze monthly Bordeaux reports. This includes identifying risks outside contract guidelines and working with the MGA’s to rectify.
Conduct internal Underwriting File Audits and produce reports where necessary.
Assist with the maintenance of the company agent website.
Manage Premium Audit process.
Monitoring the underwriter’s workloads and reporting to ensure all risk records are completed within the time frame within the underwriting guidelines.
Monitor the unit’s income position
Weekly/ monthly/ annual reporting including preparing data for weekly and divisional meeting, reinsurance and any ad hoc management reporting requests.
Maintain Underwriting team meeting agendas, minutes and action point follow-up.
Collaborate with Actuary, Claims Manager and IT Manager in ongoing testing of new rating software.
Manage various short and long term projects as assigned by Senior Underwriters.
Responsible for administrative duties as needed to assist the Underwriting department.
Skills and Experience:
A small amount of Insurance experience is preferable but not essential
High level of understanding of Excel including tasks such as pivot tables Proficiency in basic mathematical skill, including the ability to compute ratios and percentages
Ability to interpret and create graphs and tables from large volumes of data
Feel confident in ability to articulate findings in writing and in person both internally and externally
Interpret written guidelines for Underwriting rules and apply to real life scenarios
Knowledge of wordings, slips and binding authorities.
Strong communication skills
Organized, methodical quick thinker.
Demonstrable problem solving abilities
Ability to work and learn with a sense of urgency in a fast paced environment
Have accountability for assigned tasks
Desire to expand knowledge within the industry via professional exams
About Canopius US Insurance
Canopius is a global specialty lines (re)insurer.
We believe that our people make us different. We challenge the prevailing wisdom, we ask the difficult questions and we are proud to offer an independent view of risk.
We were formed via a management buyout in December 2003, with £25m equity capital and achieved significant growth through a mix of organic expansion and acquisition. We are privately owned, backed by private equity funding.
Canopius Group Limited is domiciled in Jersey and operates in Australia, Bermuda, Ireland, Netherlands, Singapore, the UK & US. The group operates through the following underwriting platforms:
Canopius Managing Agents Limited, which manages our Lloyd’s Syndicates 4444 and 1861
Canopius US Insurance, Inc., a US excess & surplus lines insurance company
We hold a number of underwriting platforms and operating companies:
Canopius Managing Agents Limited
Canopius Underwriting Limited
Canopius US Insurance, Inc
Canopius Asia Pte Limited
Canopius Underwriting Agency, Inc
Canopius Underwriting Bermuda Ltd
Canopius Insurance Services
Canopius Reinsurance AG
Our name refl...ects our heritage:
Nathaniel Canopius was a Cretan scholar studying at Balliol College, Oxford, who is reputed to have brewed the first cup of coffee in England in 1637
Then in the 17th century, Edward Lloyd’s coffee house became recognised as the place for obtaining marine insurance in London
Our name thus provides a strong association with the Lloyd’s market, which remains at the core of our operations