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Casualty Underwriter

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Liberty Specialty Markets

1mo ago

  • Job
    Full-time
    Mid & Senior Level
  • Consulting
    Banking & Finance
  • Barcelona

AI generated summary

  • You need a relevant degree, casualty underwriting experience, strong communication skills, organization, service orientation, and fluency in Spanish, English, and Catalan.
  • You will underwrite casualty business, manage new and renewal submissions, liaise with brokers, ensure compliance, and support commercial activities and marketing efforts in Barcelona.

Requirements

  • - Appropriate university degree or higher education qualification (Law Degree preferably) or equivalent
  • - Understanding of insurance contract with experience in Casualty underwriting with understanding of other liability lines
  • - Good level of communication skills
  • - Organized
  • - Service oriented
  • - Needs to show commitment and willingness to learn and developed his/her professional career
  • - Fluent in Spanish, English and Catalan
  • - Ability/potential to communicate clearly and concisely in a professional manner will be required

Responsibilities

  • Underwriting Casualty business.
  • Dealing with both new business and renewal submissions. Having in place the appropriate U/W Authority is required.
  • Cooperating with the Operations team for policy issuance purposes (i.e. issuing policy docs, such as policy wordings, certificates of insurance and endorsements).
  • Checking documents: Submissions, underlying policies, slips and loss records. Using the rating tool and all the supporting systems (e.g. Rulebook, DOT, PowerBI, RFID, Worldwise, Peer Reviews and Underwriting Authority Governance, etc.).
  • Supporting the growth of the Casualty business in the Barcelona market. Dealing with underwriting tasks, such as pricing and assessing liability risks, following our risk appetite, Underwriting Guidelines and Treaty framework.
  • Dealing with the brokers on the New Business side, reviewing the submissions and following the whole underwriting process.
  • Dealing with renewal business (negotiating renewal terms & conditions with the brokers, assessing the exposure development, loss experience, issuing the appropriate referrals, etc.).
  • As such, this headcount should be familiar with all our in-house tools (e.g. Rulebook, DOT, PowerBI, RFID, Peer Reviews and Underwriting Authority Governance, etc.).
  • Additionally, handling all the underwriting related tasks is also required, such as file completion, peer reviews and participating on the IPR as appropriate.
  • Marketing role by supporting the existing Senior Underwriter regarding visits, meetings and keeping and increasing our commercial activity.
  • 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.

FAQs

What is the job title for this role?

The job title is Casualty Underwriter.

Where is this position located?

The position is located in Barcelona, Spain.

What type of employment is offered for this position?

The employment type is permanent and full-time.

What are the main responsibilities of the Casualty Underwriter?

The main responsibilities include underwriting Casualty business, managing new business and renewal submissions, cooperating with the Operations team for policy issuance, and assessing liability risks.

Is experience in Casualty underwriting required?

Yes, understanding of insurance contracts and experience in Casualty underwriting are required.

What qualifications are needed for this role?

An appropriate university degree, preferably a Law Degree, or equivalent higher education qualification is required.

What languages need to be spoken for this position?

Fluency in Spanish, English, and Catalan is required.

What skills are essential for the Casualty Underwriter role?

Good communication skills, organizational skills, a service-oriented mindset, and a commitment to learning are essential.

What is the focus of Liberty Specialty Markets (LSM)?

Liberty Specialty Markets focuses on providing world-class insurance and reinsurance services as part of Global Risk Solutions and the Liberty Mutual Insurance Group.

How does LSM support diversity and inclusion?

LSM promotes diversity, equity, and inclusion through its Inclusion Matters framework and employee-led networks, fostering a vibrant and inclusive environment.

Are there opportunities for career development in this role?

Yes, LSM is committed to career development and offers a supportive environment for professional growth.

Is the role primarily focused on underwriting or is there a marketing aspect as well?

The role includes both underwriting responsibilities and a marketing aspect, supporting the Senior Underwriter with client visits and maintaining commercial activity.

What regulatory requirements should the Casualty Underwriter be aware of?

The Casualty Underwriter should adhere to regulatory requirements related to the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.

Liberty Specialty Markets

For Mutual Advantage

Finance
Industry
1001-5000
Employees
1994
Founded Year

Mission & Purpose

Liberty Specialty Markets provides specialty and commercial insurance and reinsurance products across a range of industries, including marine, energy, construction, aviation, and more. The company supports businesses with tailored risk management solutions to protect against complex risks. Liberty Specialty Markets' ultimate mission is to help people and businesses embrace today’s challenges with confidence by offering innovative insurance products and services. Their purpose is to deliver financial protection and peace of mind, enabling clients to take on risks while safeguarding their futures.