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International Insurance Company of Hannover SE

Underwriter, Delegated Authority

Canada-Ontario-Toronto

1500016

Company Information

Company Overview

 International Insurance Company of Hannover SE (``Inter Hannover``), is a subsidiary of Hannover Re, one of the leading insurance groups in the world.

We write delegated authority business through brokers and agencies, primarily written in the UK and Europe with a growing presence in Canada and Australia.

 We write single risk business including aviation, energy, marine, liability and other lines through our UK and Scandinavian Branches.

 Inter Hannover writes a wide variety of classes of business including personal lines and commercial risks. We partner with our parent company, Hannover Re, to provide an integrated solution to clients.

 Mission Statement

 At Inter Hannover we want to:

  • Be responsive and solution driven and determined to be the best insurance option for our customers
  • Empower our business partners and build true partnerships based on reliable and sustainable foundations
  • Take accountability for the profitability and growth of our business as a leading primary insurance carrier within the Hannover Re Group
  • Underwrite selectively for our own account and also facilitate and service business efficiently for the benefit of the Hannover Re Group
  • Have strong professional and technical capabilities and use these to deliver a valuable service

We see our ability to react quickly to the needs of our clients, with fast access to key decision makers and technical expertise - as part of our USP.


Job Description

Position

 

The Canadian Branch of Inter Hannover is seeking to hire an Underwriter to work out of our branch office in downtown Toronto ON. This is a new position for the local office.   We are seeking an ambitious and self-motivated individual that is up for the challenge of working as part of small dynamic underwriting team within a growing Canadian branch.  The Underwriter would report to the Head of the Canadian Branch. The position is offered on a 24 month fixed term contract basis however it is our expectation that if there is determined to be mutual fit the role would transition to that of a Full Time Equivalent (FTE) before the expiration of the contract. 

Primary responsibilities:

  • Profitable management and development of a portfolio of Delegated Authority (DA) Business
  • Monitoring activities of Managing General Agents (MGA) in accordance with established DA control framework.
  • Identification and evaluation of new DA opportunities.

Additional Responsibilities

  • As an Underwriter within the DA team the individual would have underwriting responsibility for a portfolio of Canadian MGA’s across various lines of business.
  • Monthly monitoring of the performance of the agents through analysis of KPIs and Management Information. Bring any issues to the attention of the Head of Branch and recommend the appropriate course of action to address.
  • Work with Home Office Reinsurance Team to ensure adequate reinsurance protection is in place for each of assigned MGAs.
  • Assist Head of Branch with Quarterly Branch Underwriting Report and with Business Board presentation.
  • Coordinate and chairing of all regular and exceptional meetings with or in relation to assigned MGA’s.
  • Conduct at least annual underwriting file audits of assigned MGA business
  • Coordinate annual operational audits of assigned MGAs
  • Handle one off special acceptance requests from agents. Provide technical guidance to MGA underwriters.
  • Develop and update underwriting authorities for MGAs.
  • Identification and evaluation of new DA opportunities in accordance with established DA take-on process and Branch risk appetite.
  • Monitoring activities of Managing General Agents (MGA) in accordance with established DA control framework.
  • Work closely with Claims Manager in reviewing all large losses from assigned MGA portfolio.
  • Work with Underwriting Assistant on matters related to reporting and compliance.

 This job description does not contain an exhaustive list of tasks and responsibilities and that the Company retains the right to amend these in accordance with business needs. 

Language: English, proficiency in French would be an asset. 

Eduction: Post-secondary school graduate.  CRM/CIP Designation

Experience: Minimum of 3  years of Property & Casualty underwriting experience.  Proficiency with the following Specialty Lines would be beneficial: E&O, D&O, Environmental Liability, Builders Risk, Wrap up Liability 


Contact Information

International Insurance Company of Hannover SESamantha Cowiesamantha.cowie@inter-hannover.com416-607-7847https://www.inter-hannover.com/
Posting Date: 24-Feb-2017Insurance Contract, Full-Time 24.00  Months Open 1 ASAP
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