To be part of the team responsible for the control and mitigation of Underwriting Risk across the various businesses within the group with a particular emphasis on Marine & Energy. This includes reviews of individual risk underwriting and the underwriting management function of managed syndicates.

The scope and timing of each review will vary but is likely to include items such as: -
File maintenance and documentation;
Adequacy of information to understand and evaluate the exposures (re)insured;
Historical experience;
Underwriters' approach to rating and assessing the risk;
Change in bottom line rates for renewals;
Adequacy of rate and rating methodology;
Terms and conditions of the risk noting any significant deficiencies or deviation from market norms or business plan;
Quantum and nature of risks underwritten and any resulting issues;
Major market loss exposures;
Developments of issues identified in previous reviews.

Reviews should be objective, robust and challenging without being confrontational.

An initial draft report of each review should be prepared for discussion with the relevant underwriting staff before producing the final version.