This website uses cookies to ensure you get the best experience. Learn more
Willis Towers Watson

Senior Underwriting Manager

The Role

Exciting opportunity for an individual to join our Isle of Man based captive management team as a Senior Underwriting Manager. The right candidate will be able to contribute to growth in an international risk and insurance environment as part of the Willis Towers Watson group.

The role requires overall responsibility for a portfolio of captive (re)insurance companies and the provision of technical underwriting support across the team. The successful candidate will report to the Head of Office.

  • Manage the day to day delivery of captive management services to a portfolio of clients, and be the primary point of contact within Willis Towers Watson, for the nominated client companies, in relation to all (re)insurance management services.
  • Maintain an on-going relationship with nominated clients and gaining an understanding of the clients’ business and industry.
  • Contact for Underwriting and Claims queries/information on captives.
  • Responsible for producing information, on a basis agreed with the client to enable the captive Board of Directors to make informed decisions.
  • To liaise with the parent company, insurance supervisor, insurers, brokers, reinsurers, auditors, directors, lawyers and actuaries to fulfil the above responsibilities.
  • Responsible for assisting (re)insurance companies under management to comply with Isle of Man Financial Services Authority (IOMFSA) regulations and filing requirements, together with company legislation and agreed guidelines.
  • You will have shared management responsibility to supervise a small team of captive underwriters and administrators.
  • Contribute to the wider Global Captive Practice joint initiatives in sales and marketing, including involvement in the preparation of feasibility studies.
  • Underwriting for specific clients
  • Production of detailed Underwriting accounts, review of premium and claims information, assist in budgets/forecasts preparation
  • Liaise with insurers, brokers, reinsurers, risk consultants, loss adjusters in relation to the underwriting activities of the captives.
  • Inform on the impact to the technical result due to changes in underwriting performance.
  • Review all relevant contracts/policy wordings/agreements, in regard to underwriting and claims issues and to report to the Directors therein
Client Liaison
  • Liaise with clients regularly and culture positive relationships including out of office hours entertaining.
Board Meetings
  • Assist in coordinating quarterly Board meetings, including the production and issuance of Board packs and minutes for same.
  • Presentation of information in a Board meeting environment.
  • Undertake presentations to both prospective and current clients, including preparation of material used at same.
  • Arranging for payment of claims and related expenses subject to collating the appropriate documentation and authorisation.
Internal Audit/Compliance
  • Review of files and procedures within the company.
  • Ensure compliance with all Group and Client Procedures.
Governance / Company Solvency
  • Be aware of compliance requirements imposed on companies under management in IOM and the local Solvency requirements.
The Requirements
  • Experience gained in captive management operations in leading domicile is preferred but not essential
  • As a minimum we are looking for a successful candidate to have the following attributes:
  • Experience of (re)insurance underwriting preparation.
  • Hold a professional Qualification and extensive insurance industry experience.
  • Have a track record working with commercial clients within an insurer, broker or advisory operation, or working within a corporate environment.
  • Subject to permit for non IOM residents
Equal Opportunity Employer

Apply Now

Share this