Job Description

General information

City:

London

Country:

United Kingdom of Great Britain and Northern Ireland

Creation Date:

05-Jun-2025

Employment Type:

Permanent

Employment Type:

Full time

Ref #:

1234571651


Description & Requirements
Role Title: Senior Underwriter
Department: Energy & Construction
Team: Construction
Location: London, UK
Type: Permanent

About the Role:

The Senior Underwriter will be an established underwriter in the market with strong broker relationships and possibly some client relationships. They may be already operating at Senior Underwriter level or seeking a new opportunity where they can make the next step up in their career. Experience in leading or shaping placements in the EAR sector is a distinct advantage. The successful candidate should be confident to represent LSM and our values in all interactions with clients and brokers.

About the Department & Team:

The LSM Construction team are leaders across all of the sub-sectors of the global construction market, including EAR, Civils, CAR (buildings) and Annuals. We write property damage policies with all the aligned extensions including Delay in Start-Up, Primary Third-Party Liability, Existing Property and Contractor's Plat & Equipment.



We adopt a technical approach to underwriting, supported by a team of in-house risk engineers. Our appetite is closely aligned with past performance at an occupancy level, and we seek close relationships with key clients based on a mutual understanding of the importance of risk management.

Key Responsibilities:

Strategy and Planning:

Support the development of the business plan for the Underwriting division and ensure delivery of the plan in accordance with stated risk tolerances Ensure the team's awareness of the business plan and its context so that they are able to take appropriate action and make informed decisions Contribute and participate in all meetings in order to share and develop strategy, knowledge and best practice Contribute new ideas and concepts to support the development and delivery of the business plan


Delivery:

Establish and strengthen relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance Continually develop expertise and technical knowledge through appropriate development initiatives Underwrite insurance risks in accordance with the business plan and personal authority to meet business objectives, including: Negotiating rates, terms and conditions for existing and new business Compliance with the production and issue of documentation in accordance with contract certainty requirements Contribute and influence in the review and analysis of the portfolio, to identify progress towards business objectives Ensure entries are properly recorded onto relevant systems in a timely manner whilst ensuring accuracy of data with relation to both underwriting and aggregate exposures


Policy, Process and Procedures:

Compliance with all applicable internal and external laws, regulations, policies, procedures and guidance Adhere to underwriting standards, instructions and best practice methodology in order to minimise risk Apply any reinsurance requirements in accordance with stated risk tolerances and to deliver against business plan Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing


Skills and Experience:

Extensive experience in underwriting global construction - EAR Knowledge of relevant market conditions for global construction - EAR Ability to work in a diverse team across all functions, including Risk Engineering, Claims, Exposure Management, Actuarial and Operations In depth knowledge of legal and regulatory requirements Analytical skills Negotiation skills Organisational and prioritisation skills Ability to analyse and use data for decision making Experience of mentoring, or training and supporting less experienced team members Significant experience gained within the insurance industry Use of risk profiling and pricing tools and loss models Established customer/broker relationships Skills in wordings and legal/appetite/exposure implications


About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

Offering a vibrant and inclusive environment and committing to their career development. Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment. Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals. A supportive culture, which includes promoting a healthy work-life balance and working flexibly.


For more information, please follow the links below:
https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us
https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusion-wellbeing/diversity-and-inclusion