Commercial Insurance Underwriter – Specialist Lines

Newcastle Upon Tyne, Tyne And Wear
Aston Charles Ltd

With the government’s much publicised commitment to supporting the house building industry for years to come, this is a truly fascinating time for an experienced Underwriter to forge a rewarding career within the fascinating Latent Defects Insurance niche. Furthermore, where better to do so than with a market-leading name that boasts A rated capacity, coupled with a fine reputation for offering exceptional training, development and opportunities for progression?!

As one of the best known firms operating in the LDI and Structural Warranties sector, it partners with a wide variety of firms (both direct and via brokers), from self-employed builders, through to niche contractors, housing associations and some of the country’s biggest house builders. Keen to retain the integrity of the aforementioned A Rated paper, the company has one of the most technically-gifted teams in the market. They are proud of having one of the most comprehensive offerings going, and a reputation for ‘hands on’ underwriting and delivering exceptional client service.

Here, you will be evaluating the risk of projects against a variety of criteria such as construction methods and client profiles. Individual projects could range from individual house builds through to high spec’ barn conversions and large-scale redevelopments of former department stores as part of the ‘city living’ boom.

You will underwrite projects of up to £10,000,000 reinstatement value, calculating premiums and appropriate T&C’s in line with the insurer’s binding agreement. This will extend both to new business enquires and mid-term amendments, and where the reinstatement value likely exceeds £10,000,000 you’ll present the case to the management team to refer to insurers. You will help manage relationships with a variety of stakeholders, chasing down necessary information and ensuring this is uploaded to the in-house IT platform.

It is essential that you have a sound understanding of underwriting principals and the general insurance market, coupled with solid risk analysis skills. Ideally, this would include knowledge of Latent Defect, Structural Warranty or Construction-related insurance lines, but this is by no means a deal-breaker and we welcome applications from Underwriters from all disciplines.

As this team is well-known for its fast-paced atmosphere, you must be well-organised with good prioritisation and task-management skills. Just as importantly, you’ll have a positive, enthusiastic ‘can do’ attitude and always be willing to go the extra mile to see assignments through to completion.

In return, you will receive a fantastic basic salary and a generous benefits package. You will also receive comprehensive training, and benefit from a range of opportunities to progress your career (such as into technical, managerial or client-facing roles) in this booming niche.

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