Underwriter - Deadly Weapons Protection
Beazley, Denver, CO, United States
Job Title
Underwriter – DWP
Division
MAP Risks
Reports To
As per Beazley’s organisation chart
Key Relationships
Local, regional, and national brokers; MAP Risks Underwriters; Underwriting Management; Product Development; Broker Relations; Underwriting Assistants; Claims; Marketing; external clients and service providers.
Job Summary
To underwrite a regional focused Deadly Weapons Protection portfolio within the Political Violence team. Plan and execute business development and relationship management activities in line with Deadly Weapons Protection growth plans that build our reputation and standing in the market. Be responsible for underwriting a profitable portfolio of business in support of the business plan.
Key Responsibilities Underwriting
Develop and underwrite a profitable portfolio of DWP business in support of business plans.
Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long‑term profitability at account level.
Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.
Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost‑effective administration of the Political Violence account.
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and MAP Risks.
Comply with Beazley’s underwriting control standards for business written through Lloyd’s or Beazley’s internal MGAs.
Develop a good working relationship with the claims managers on this class of business.
Client Management
Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.
Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs.
Maintenance of good business relationships with brokers.
Maintain awareness of overall Beazley product range and take advantage of opportunities to introduce other Beazley products to clients.
Develop effective and engaging broker education sessions, delivering these regularly with the aim of deepening broker knowledge of our products, to build affinity with our brand. Look at ways to develop product education via social media channels.
Ensure we remain front of mind for brokers by planning and engaging in regular virtual/face‑to‑face meetings and acting as a point of contact for broker queries.
Identify, participate and present in conferences and events that increase Beazley’s exposure of DWP to potential target markets.
General
Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
Develop best practice and disseminate business and class knowledge within the Political Violence and MAP Risks team.
Work with peers within Political Violence and MAP Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.
Production of presentations and marketing literature as required.
Production of business plans/research documents for the Political Violence account as required.
Values and Expectations
Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.
Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e‑learning or the learning management system.
Display business ethics that uphold the interests of all our customers.
Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
Comply with any specific responsibilities necessary for your role as outlined by your line manager or the People & Sustainability or assurance teams and keep up to date with developments in these areas.
Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification Skills and Abilities
Proficient underwriting or broking skills
Accurate and numerate
Computer skills – good working knowledge of MS Office, advanced Excel skills
Strong analytical skills with attention to detail
Able to communicate effectively with others, both verbally and in writing
Ability to manage time, meet deadlines and prioritise
Motivational skills
Effective relationship management skills with customer focused approach
Ability to develop strategic plan and execute on its implementation
Active listening and emotional intelligence
Ability to work independently for significant periods of time
Strong business development and sales skills
Ability to spend time frequently travelling/on the road
Knowledge and Experience
General commercial and financial knowledge
Extensive experience in insurance industry
Extensive experience of Political Violence underwriting or broking
Knowledge of underwriting policy, philosophy and practice
Appreciation of underwriting processes and systems
Client service experience
Proven sales results and client service experience
Aptitude and Disposition
Result focused, self‑motivated, flexible and enthusiastic
Professional approach to interact successfully with managers/colleagues/ external suppliers
Team worker as well as able to work on own initiative
Customer focused, with a strong ethic of service and fairness to the customer
Competencies
Achievement drive
Analytical thinking
Strategic thinking
Service focus
Team working
Forward thinking
Developing people
Conceptual thinking
About Beazley Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.
Culture & Core Values We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family‑feel culture that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.
Be bold
Strive for better
Do the right thing
Employee Networks
Beazley RACE – Understanding and celebrating People of Colour
Beazley SHE – Successful, High potential, Empowered women in insurance
Beazley Proud – Our global LGBTQ+ community
Beazley Wellbeing – Supporting employees with their mental wellbeing
Beazley Families – Supporting families and parents‑to‑be
Career Development & Internal Pathways
Internal Pathways (helping you grow into an underwriting role)
iLearn (our own learning & development platform)
LinkedIn Learning
Mentorship program
External qualification sponsorship
Continuing education and tuition reimbursement
Secondment assignments
Benefits & Rewards
The opportunity to connect and build long‑lasting professional relationships while advancing your career with a growing, dynamic organization
Attractive base compensation and discretionary performance related bonus
Competitively priced medical, dental and vision insurance
Company paid life, and short‑ and long‑term disability insurance
401(k) plan with 5% company match and immediate vesting
22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
Up to $700 reimbursement for home office setup
Free in‑office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
Up to 26 weeks of fully paid parental leave
Up to 2.5 days paid annually for volunteering at a charity of your choice
Flexible working policy, trusting our employees to do what works best for them and their teams
Salary Salary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is $75,000 – $120,000 per year plus discretionary annual bonus.
Apply Regardless of Full Fit Don’t meet all the requirements? At Beazley we’re committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.
#J-18808-Ljbffr
Underwriter – DWP
Division
MAP Risks
Reports To
As per Beazley’s organisation chart
Key Relationships
Local, regional, and national brokers; MAP Risks Underwriters; Underwriting Management; Product Development; Broker Relations; Underwriting Assistants; Claims; Marketing; external clients and service providers.
Job Summary
To underwrite a regional focused Deadly Weapons Protection portfolio within the Political Violence team. Plan and execute business development and relationship management activities in line with Deadly Weapons Protection growth plans that build our reputation and standing in the market. Be responsible for underwriting a profitable portfolio of business in support of the business plan.
Key Responsibilities Underwriting
Develop and underwrite a profitable portfolio of DWP business in support of business plans.
Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long‑term profitability at account level.
Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.
Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost‑effective administration of the Political Violence account.
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and MAP Risks.
Comply with Beazley’s underwriting control standards for business written through Lloyd’s or Beazley’s internal MGAs.
Develop a good working relationship with the claims managers on this class of business.
Client Management
Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.
Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs.
Maintenance of good business relationships with brokers.
Maintain awareness of overall Beazley product range and take advantage of opportunities to introduce other Beazley products to clients.
Develop effective and engaging broker education sessions, delivering these regularly with the aim of deepening broker knowledge of our products, to build affinity with our brand. Look at ways to develop product education via social media channels.
Ensure we remain front of mind for brokers by planning and engaging in regular virtual/face‑to‑face meetings and acting as a point of contact for broker queries.
Identify, participate and present in conferences and events that increase Beazley’s exposure of DWP to potential target markets.
General
Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
Develop best practice and disseminate business and class knowledge within the Political Violence and MAP Risks team.
Work with peers within Political Violence and MAP Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.
Production of presentations and marketing literature as required.
Production of business plans/research documents for the Political Violence account as required.
Values and Expectations
Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.
Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e‑learning or the learning management system.
Display business ethics that uphold the interests of all our customers.
Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
Comply with any specific responsibilities necessary for your role as outlined by your line manager or the People & Sustainability or assurance teams and keep up to date with developments in these areas.
Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification Skills and Abilities
Proficient underwriting or broking skills
Accurate and numerate
Computer skills – good working knowledge of MS Office, advanced Excel skills
Strong analytical skills with attention to detail
Able to communicate effectively with others, both verbally and in writing
Ability to manage time, meet deadlines and prioritise
Motivational skills
Effective relationship management skills with customer focused approach
Ability to develop strategic plan and execute on its implementation
Active listening and emotional intelligence
Ability to work independently for significant periods of time
Strong business development and sales skills
Ability to spend time frequently travelling/on the road
Knowledge and Experience
General commercial and financial knowledge
Extensive experience in insurance industry
Extensive experience of Political Violence underwriting or broking
Knowledge of underwriting policy, philosophy and practice
Appreciation of underwriting processes and systems
Client service experience
Proven sales results and client service experience
Aptitude and Disposition
Result focused, self‑motivated, flexible and enthusiastic
Professional approach to interact successfully with managers/colleagues/ external suppliers
Team worker as well as able to work on own initiative
Customer focused, with a strong ethic of service and fairness to the customer
Competencies
Achievement drive
Analytical thinking
Strategic thinking
Service focus
Team working
Forward thinking
Developing people
Conceptual thinking
About Beazley Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.
Culture & Core Values We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family‑feel culture that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.
Be bold
Strive for better
Do the right thing
Employee Networks
Beazley RACE – Understanding and celebrating People of Colour
Beazley SHE – Successful, High potential, Empowered women in insurance
Beazley Proud – Our global LGBTQ+ community
Beazley Wellbeing – Supporting employees with their mental wellbeing
Beazley Families – Supporting families and parents‑to‑be
Career Development & Internal Pathways
Internal Pathways (helping you grow into an underwriting role)
iLearn (our own learning & development platform)
LinkedIn Learning
Mentorship program
External qualification sponsorship
Continuing education and tuition reimbursement
Secondment assignments
Benefits & Rewards
The opportunity to connect and build long‑lasting professional relationships while advancing your career with a growing, dynamic organization
Attractive base compensation and discretionary performance related bonus
Competitively priced medical, dental and vision insurance
Company paid life, and short‑ and long‑term disability insurance
401(k) plan with 5% company match and immediate vesting
22 days PTO (prorated for 1st calendar year of employment), 11 paid holidays per year, with the ability to flex the religious bank holidays to suit your religious beliefs
Up to $700 reimbursement for home office setup
Free in‑office lunch, travel reimbursement for travel to office, and monthly lifestyle allowance
Up to 26 weeks of fully paid parental leave
Up to 2.5 days paid annually for volunteering at a charity of your choice
Flexible working policy, trusting our employees to do what works best for them and their teams
Salary Salary for this role will be tailored to the successful individual’s location and experience. The expected compensation range for this position is $75,000 – $120,000 per year plus discretionary annual bonus.
Apply Regardless of Full Fit Don’t meet all the requirements? At Beazley we’re committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement and qualification in the job specification, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.
#J-18808-Ljbffr