The Equine team provides comprehensive Equestrian & Bloodstock insurance and reinsurance protection for clients worldwide.
Convex are unique in the London insurance market in that we have Underwriters who have first-hand practical equine experience. This gives us a profound awareness and understanding of the requirements of this niche sector.
As a Trainee Underwriter, you will support the Equine team and the Underwriting Support Assistant (USA) team in delivering a high-quality client service. You will help ensure that new and renewal business are processed to agreed service standards.
You will report directly into the Head of the ELA team and receive daily guidance and mentorship from experienced Underwriters.
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Build good working relationships with underwriting teams and ensure that Underwriting management are regularly communicated with and kept up to date
- Support the Underwriting Support Assistant team who will be taking ownership of all aspects of the administration and referrals.
- Learn and develop an understanding of the Equine line of business including its market and competitor dynamics as well as technical aspects of pricing and insurance terms and conditions.
- Perform pre-underwriting calculations and work as directed by the Underwriter.
- Attend peer review meetings and participate in discussions on risks within the division.
- Ensure peer review packs/meeting preparation is completed and logged on the underwriting system.
- Produce and collate data for business planning.
- Manage the flow of bound risks received from the Underwriters.
- Run Underwriting and MI reports as required.
- Ensure all processing and credit control queries are answered within SLA timeframes.
- Liaise with brokers upon request in additional to internal departments such as credit control, claims & compliance.
- Work in conjunction with the Underwriting teams to ensure efficient working practices are in place such as identifying process improvements, providing feedback to reduce rework or errors and escalate any blockages to the team leader.
- Maintain awareness of the regulatory impact and ensure all underwriting activity is always within the guidelines.
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A few, probably about 1-2 years of experience in the London market insurance, combined with experience or proven interest in equine or the equestrian world.
- Studying towards the ACII qualification and committed to developing a career in underwriting.
- Thrive on building and maintaining working relationships within Convex as well as externally.
- Excellent numeracy and analytical skills combined with articulate verbal and written communication skills.
- Naturally curious with a continuous improvement mindset.
- Ability to work flexibly to complete duties of the role, particularly during peak underwriting periods.
- Highly organised with the ability to prioritise and maintain attention to detail, working with speed and accuracy.
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Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
In 2019, Stephen Catlin and Paul Brand co-founded Convex with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks. The company has since received an A.M. Best rating of A (Excellent) and regulatory approval to operate in London, Bermuda, Luxembourg and United States.
We have also welcomed leaders in their fields from across the insurance industry, bringing a diversity of thought and approach.
We live our values in every facet of our business:
Earn our reputation
Everything we do affects how others see us. Our success depends upon our reputation, for which all of us share responsibility.
Straightforward and fair
We tell it like it is, with fairness, dignity and respect. We strive to do the right thing always, however hard it seems.
Determined to improve
However good we are, we are not complacent. We know we can always be better and we never stop trying to improve.
Inspired by opportunity
We come to the market and to every client engagement without baggage. There is no limit to what we can achieve together.
Enjoy being different
We feel positive about change and we are not afraid to try new things in our quest for a better way for clients, stakeholders and colleagues to do business.
