Underwriter - M&A

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Job Title: Underwriter M&A

Division: Specialty Risks

Reports To: As per Beazley's organisation chart

Key Relationships: Brokers, Underwriters, Claims staff, Coverholders, external Clients and Suppliers

Job Summary

To assess and underwrite Warranty & Indemnity (W&I) / M&A insurance solutions across Asia Pacific, within the M&A, Specialty Risks team, and working closely with brokers, law firms, investment banks, private equity clients, and corporates. Play a key part in evaluating M&A deal risks, structuring bespoke insurance solutions, and building strong broker and client relationships in a fast-moving transactional environment All the while maintaining and improving market reputation of the Beazley brand.

Key Responsibilities

Underwriting

• Develop and underwrite a profitable portfolio of W&I / M&A insurance risks across Asia Pacific as part of the M&A, Specialty Risks team in Singapore in collaboration with global colleagues in London, DACH and the US.
• Review transaction documentation, due diligence and financial analyses to assess risk exposure.
• Structure tailored policy solutions aligned with the team's underwriting parameters and use underwriting knowledge and experience to win new businesses and retain existing.
• Manage deal timelines, engage in discussions and collaborating with broker on policy terms, and deliver commercially sensible underwriting decisions under deal time pressure.
• Monitor premiums, costs and claims ratios at the policy and portfolio level, taking corrective action where needed to ensure long term profitability.
• Evaluate appropriate risk premium using rating models where applicable, considering risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration expenses.
• Comply with Beazley's underwriting control standards for business written through Lloyd's or Beazley's internal MGAs.
• Collaborate closely with Claims colleagues to ensure consistency on coverage and claims philosophy.
  
  

Broker & Client Management

• Advise, assist and service clients on insurance and risk matters in the context of M&A transactions to ensure high levels of client satisfaction.
• Building, identifying opportunities to deepen and maintaining good business relationships with brokers across the Asia Pacific region.
• Foster positive client relationships based on mutual understanding of their needs and Beazley's underwriting approach.
• Learning and maintain awareness of Beazley's broader product suite and identify opportunities to introduce additional Beazley offerings to clients where relevant.
  
  

Portfolio & Market Development

• Leverage internal and external networking opportunities to support the development of standardised underwriting practices within Beazley.
• Contribute to the development and dissemination of knowledge and best practices within the M&A and Specialty Risks teams, particularly relating to the Asia Pacific market.
• Work with peers within M&A and Specialty Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
• Share and gather knowledge across the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.
• Product presentations, marketing materials, business plans and research documents for the M&A account, as required.
  
  

It Is Important That Within All Your Interactions Both Internally And Externally You Adhere To Beazley's Core Values - Being Bold, Striving For Better, And Doing The Right Thing As They Contribute To An Internal Environment Of Teamwork And Promote a Positive Brand Image And Experience To Our External Customers. We Also Expect Beazley Employees To

• Comply with Beazley procedures, policies and regulations including the code of conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
• Display business ethics that uphold the interests of all our customers.
• Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
• Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley's underwriting control standards, Beazley's claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
  
  

Personal Specification

Essential Criteria

• Corporate M&A experience from a leading law firm, investment bank or accounting firms with knowledge and understanding of how M&A deals are conducted.
• Preferably with familiarity of how W&I / M&A insurance is placed in M&A transactions.
• Strong drafting skills.
• Strong interpersonal skills with the ability to work effectively under pressure and resolve conflict constructively.
• Excellent verbal and written communication skills, and ability to effectively and confidently present to clients and other audiences.
• Business-level proficiency in spoken and written Japanese or Korean is advantageous.
  
  

Education And Qualifications

• Minimum graduate level education
• Preference for candidates with a legal qualification
  
  

Skills And Abilities

• Proficient underwriting skills
• Accurate and numerate
• Computer skills good working knowledge of MS Office, advanced Excel skills
• Strong analytical skills with attention to detail
• Able to communicate effectively with others, both verbally and in writing
• Ability to manage time, meet deadlines and prioritise
• Motivational skills
  
  

Knowledge and Experience

• General commercial and financial knowledge
• Experience in insurance industry
• Extensive experience of M&A whether from underwriting or legal practice
• Knowledge of underwriting policy, philosophy and practice
• Understanding of underwriting processes and systems
• Client service experience
  
  

Aptitude and Disposition

• Result focused, self-motivated, flexible and enthusiastic
• Professional approach to interact successfully with managers / colleagues / external suppliers
• Team worker as well as able to work on own initiative
• Customer focused, with a strong ethic of service and fairness to the customer
  
  

Competencies

• Achievement drive
• Analytical thinking
• Strategic thinking
• Service focus
• Team working
• Forward thinking
• Conceptual thinking
• Problem solving
  
  

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