Job Summary To review applications for (Re)insurance cover received by IGIUK Ltd, determining and evaluating the nature and extent of the risk involved, maximising profit generated by the arrangement, whilst minimising the risk exposure to the business. Job Description Company Description IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers. Our ratings reflect the financial strength of our business: “A” (Stable) from AM Best; “A-” (Stable) from S&P. In 2024, we had net earnings of $135.2 million. Our holding company has assets in excess of $2,037.6 million, as of 31 December 2024. Key Responsibilities Underwriting new business profitably and accurately, reviewing and analysing (Re)insurance proposals received by IGIUK in order to determine what degree of risk, if any, to accept on the business’s behalf, by reference to relevant, up to date market information, statistics and specialist data. Negotiating the most favourable terms with brokers and clients, ensuring that IGIUK’s income is maximised whilst its risk exposure is minimised. Ensuring that all decisions regarding the insurance terms to be offered to clients are made in accordance with IGIUK’s documented Underwriting procedures. Liaising regularly with the IGI Group underwriting team based in Jordan to ensure that procedures and process are operating as required and in a consistent manner. Checking the timeliness and accuracy of Management Information relating to underwriting activity within IGIUK and Jordan, reporting any issues to senior management. Undertaking the ‘four-eye’ check on new business as stipulated in IGIUK’s Underwriting Procedures document. Undertaking regular peer reviews in accordance with IGIUK’s internal standards and requirements. Ensuring an appropriate level of personal specialist knowledge and competence is maintained through a defined programme of training and continuing professional development as determined by prevailing regulatory requirements and internal standards. Authorising reinsurance of an insurance arrangement when risk exposure requires this, with reference to IGIUK’s CEO. Reviewing underwriting decisions made in IGI’s Bermuda and Labuan offices, providing supporting recommendations as appropriate. Providing specialist advice during the claims process, when requested to do so. Ensuring that individual performance objectives and production targets are clearly defined and regularly reviewed in conjunction with line manager. Managing the overall portfolio relating to the specific class of business [Lead underwriter] Ensuring that individual responsibilities and accountabilities are carried out in line with regulatory and statutory requirements, particularly those relating to FSA’s principles covering Treating Customers Fairly and the general safeguards aimed at preventing financial crime. Establishing and maintaining effective working relationships with brokers. Key Attributes & Professional Qualifications Generally at least 4 -5 years commercial experience as an underwriter. Experience of Cargo class(es) of business specifically. Experience of conducting successful negotiations in a commercial environment Proven ability to communicate effectively Awareness of current market and trading issues generally and in relation to the specific line of business being underwritten Conduct Rules SMCR was introduced by the Financial Conduct Authority (FCA), includes a set of Conduct Rules that apply to most employees in UK financial services firms. These rules aim to improve individual accountability and promote a healthy culture across the industry. Individual Conduct Rules These are the core five rules that apply to all employees: Act with integrity Act with due skill, care and diligence Be open and cooperative with the FCA, PRA, and other regulators Pay due regard to the interests of customers and treat them fairly Observe proper standards of market conduct We are an international specialty insurance and reinsurance group, registered in Bermuda and listed on Nasdaq Capital Markets under the symbol “IGIC”. We underwrite a diverse portfolio of specialty lines worldwide.