The purpose of this role is to provide a post binding independent review of risks underwritten within the Insurance companies risk appetite and in accordance with the current Risk Review Standard.
You will ensure that each risk is reviewed by an individual who is independent of the underwriting process and that any issues are raised with the underwriters. You will also escalate issues to the divisional management as laid down by the internal risk review guidelines, risk review terms of reference and the property & casualty team requirements.
The successful candidate will need to be able to provide summary reports as required to the Underwriting Management of trends and developments in risk acceptance within the property & casualty teams. Additionally the role will report as required, on any significant emerging issues at any performance review meetings for each business unit. The units focus on all Lloyd’s and London Market business across open market and binder business.
Specific duties include the post binding review and assessment of risks written by individual underwriters and ensuring that the size of the line is within the syndicate parameters and reporting any breach of syndicate or individual authorities to management. The role will cover Underwriting and compliance and monitoring of property and casualty risks.
The role will require a detailed knowledge of property & casualty business placed into the Lloyd’s market and experience of either writing the business as an underwriter or reviewing the risks in a similar role to that of a risk reviewer.