Associate Underwriter
Richmond, VA · Hybrid
HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly ... Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in ...
Associate Underwriter
Richmond, VA · Hybrid
HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly ... Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in ...
Associate Underwriter
Richmond, VA · Hybrid
HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly ... Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in ...
Associate Underwriter
Richmond, VA · Hybrid
HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly ... Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in ...
Entry Level Bermuda Insurance information
What are the key skills and qualifications needed to thrive as an Entry Level Bermuda Insurance professional, and why are they important?
To thrive as an Entry Level Bermuda Insurance professional, you typically need a bachelor’s degree in finance, business, or a related field, along with strong analytical and numerical skills. Familiarity with insurance software platforms, Microsoft Excel, and an understanding of regulatory guidelines such as Solvency II are valuable technical assets. Attention to detail, effective communication, and a willingness to learn help individuals excel in supporting underwriting, claims, and client service tasks. These skills are crucial for ensuring accuracy, regulatory compliance, and the ability to contribute effectively to Bermuda’s dynamic insurance market.
What kinds of tasks and responsibilities can I expect as an entry-level professional in Bermuda's insurance industry?
As an entry-level professional in Bermuda's insurance sector, you can expect to assist with underwriting, claims processing, and policy administration. Your daily tasks may include reviewing client documentation, inputting data, preparing reports, and supporting senior team members in client communications. Bermuda's insurance market is highly collaborative, so you will likely interact with underwriters, actuaries, and brokers while learning about regulatory standards unique to the jurisdiction. This environment offers excellent opportunities for mentorship and professional development within global insurance companies.
What are entry level Bermuda insurance jobs?
Entry level Bermuda insurance jobs are positions for individuals who are new to the insurance industry and typically require little to no prior experience. These roles are often found within insurance and reinsurance companies based in Bermuda, a major global insurance hub. Common entry level positions include underwriting assistant, claims analyst, and junior compliance officer. These jobs provide valuable training and exposure to the international insurance market, making them a great starting point for a career in the industry.
What is the difference between Entry Level Bermuda Insurance vs Insurance Underwriter?
| Aspect | Entry Level Bermuda Insurance | Insurance Underwriter |
|---|---|---|
| Required Credentials | High school diploma or equivalent; some roles may prefer a bachelor's degree | Bachelor's degree in finance, economics, or related field; certifications like CPCU are common |
| Work Environment | Office setting, collaborative teams, insurance companies in Bermuda | Office-based, analyzing risks, assessing insurance applications |
| Industry Usage | Entry-level position for those starting in Bermuda's insurance sector | Mid-level role, often requiring some experience or specialized knowledge |
Entry Level Bermuda Insurance roles are typically for newcomers with basic education, focusing on learning insurance processes. Insurance Underwriters are more experienced, assessing risks and making underwriting decisions. While both work within Bermuda's insurance industry, underwriters usually require more credentials and experience.
What are the most commonly searched types of Bermuda Insurance jobs in Virginia? The most popular types of Bermuda Insurance jobs in Virginia are:
What are popular job titles related to Entry Level Bermuda Insurance jobs in Virginia? For Entry Level Bermuda Insurance jobs in Virginia, the most frequently searched job titles are:
What job categories do people searching Entry Level Bermuda Insurance jobs in Virginia look for? The top searched job categories for Entry Level Bermuda Insurance jobs in Virginia are:
What cities in Virginia are hiring for Entry Level Bermuda Insurance jobs? Cities in Virginia with the most Entry Level Bermuda Insurance job openings:
Full-time
Medical, Dental, Vision, Life, Retirement
Posted 18 days ago
Job description
In good company.
Hamilton (NYSE: HG) underwrites specialty insurance and reinsurance risks on a global basis through its wholly owned subsidiaries. Its three underwriting platforms: Hamilton Global Specialty, Hamilton Select and Hamilton Re, each with dedicated and experienced leadership, provide access to diversified and profitable business around the world.
Headquartered in Bermuda, Hamilton has over 600 employees with key underwriting operations in London, Bermuda, the US and Dublin. We work collaboratively, we share a passion for the service and results we deliver, and we know that what we do each day is meaningful - to our customers and our business. We believe we are 'In good company.' with everyone we interact with.
We're looking for an
Associate Underwriter
Based in Richmond, Virginia and reporting to the Division Manager, this entry level/trainee role will learn the underwriting concepts needed to grow an underwriting career. You may be placed in one of the following divisions: Allied Medical, Energy, Excess Casualty, General Casualty, Life Sciences, Management Liability, Medical Professionals, Products Liability & Contractors, Professional Liability, Small Business Casualty.
The successful candidate will be responsible for analyzing risks and developing and managing relationships with primarily wholesale brokers in the U.S. This role will review and analyze data, price and negotiate coverage terms and correspond with brokers. Minimal business travel may be required.
This rolewill focuson Excess & Surplus linesplacementsforsmall to mediumsized,hard-to-place accounts.
What you will do
- Contribute to Hamilton's strategy to grow and diversify the specified division's portfolio
- Underwrite business in accordance with guidelines to maintain underwriting standards and discipline to ensure delivery of profitable results
- Originate, grow and develop high level market relationships with brokers.
- Use critical thinking skills to negotiate terms
- Other duties as assigned
Conduct Standards
- You must act with integrity
- You must act with due skill, care and diligence
- You must be open and cooperative with the FCA, the PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct
- You must act to deliver good outcomes for retail customers
What you require for the role
Key Attributes
- Willingness to learn and apply concepts to new risks
- Ability to analyze data and make sound judgements
- Dedicated and hard-working
- A shared focus on expense management and managing the overall business operations to maximize shareholder returns
Other Personal Attributes
- Motivated, self-starter with an entrepreneurial mindset
- Ability to multi-task
- Excellent verbal and written communication skills
- Proven decision-making skills.
- Approachable and able to clearly market business
- Professional, insightful, and confident when managing varying stakeholders
- Able to work autonomously with strong organizational skills and the ability to plan ahead
- Keen attention to detail, highly analytical and excellent problem-solving capability
- Demonstrates an understanding and capacity to effectively engage in the negotiation process.
- Bachelor's degree in risk management, business, economics, or a related field of study, beneficial but not essential
What you can expect from us
We offer a vibrant, entrepreneurial, and collaborative culture guided by our values: Be Smart, Be Sensible, Be Open and Be More.
We know if we welcome and respect differences, we'll attract and retain talent that brings a valuable diversity of perspectives and experience. We want all our colleagues to feel that they can bring their whole selves to work at Hamilton and know that they can be part of building a great company.
Hamilton offers a competitive salary with an annual performance-based target bonus and a comprehensive benefits package, to include:
- Hybrid working
- Matching 401K plan
- Medical, dental, vision, life, disability
- Generous time off (including parental leave)
- Continued support for professional development
- Gym subsidy
- My day (additional days leave for personal interests/wellness/charity work)