Delegated Authority Underwriting Manager

vor 1 Monat


Sydney, Österreich HDI Global Specialty SE Vollzeit
Delegated Authority Underwriting Manager

Underwriting (Insurance & Superannuation)

Delegated Authority Underwriting Manager

About us: HDI Global Specialty SE is wholly owned by HDI Global, being a strong and established player in the insurance market. By housing the specialty activities of the Talanx Group in HDI Global Specialty SE, we have created an excellent platform for putting together cross-business segment expertise and network reach. 

Our Australian Branch (henceforth HSAB), based in Sydney’s Martin Place, opened in 2008 and is fully authorised and regulated by the Australian Prudential Regulation Authority (APRA). We enjoy a company Credit Rating of A+ (S&P). Our team has many years of experience and expertise and includes specialist underwriters based both locally and in various international offices. We continuously look for opportunities to grow our footprint in the specialty insurance segment in Australia. 

HDI Global Specialty’s business offering in Australia is divided into two areas: Delegated Authority and Open Market Single Risks.

Delegated Authority (DA) Business

We seek to support Underwriting (UW) Agencies and Brokers that have a niche insurance offering, who value long-term partnerships, and who ideally have their own infrastructure to service their business needs. We provide clearly defined underwriting authority for each UW Agency to reduce unnecessary inefficiencies in the value chain. We have a flexible approach allowing us to consider innovative ideas, lines of business, distribution channels and markets. We provide secure and highly rated insurance paper for our partners and their clients.

We focus on General Aviation, Financial Lines business, namely Directors & Officers and Miscellaneous Professional Indemnity, Crisis Management/Product Contamination and Recall as well as Sports, Leisure and Entertainment products. Our team of local and empowered underwriting experts provide a commercial and flexible underwriting approach.

The Role

You will be responsible for a portfolio of Delegated Authority agents, taking a lead role in the overall underwriting control and relationship management. 

Key priorities will be: 

  • Oversight, control and management of allocated Delegated Authority Holders clients in support of the Managing Director of HSAB, Head of Delegated Authority Business, HDI Global Specialty SE Management and Key Stakeholders and in line with the Delegated Authority Business best practice protocol set out by the Company. 
  • Underwrite in accordance with individual authority limits, in line with the HSAB Underwriting Guidelines and other internal guidelines and requirements.
  • Project manage through the Delegated Authority lifecycle process from initial contact to implementation, on-going management and also the renewal process.
  • Business Development activities including identifying and engaging with potential new Delegated Authority holders which fall in line with the HDI Global Specialty SE business appetite and business strategy. 
  • Monitor and review underwriting performance of Delegated Authority Holders including standards under agreements, internal forecast and business plans, underwriting referrals, Underwriting Guidelines, underwriting file reviews etc.
  • Assist Head of Delegated Authority Business to co-ordinate external audits for allocated Delegated Authority Holders, ensure audit reports are received in a timely manner, any audit findings are implemented within agreed timelines and provide regular update to Delegated Authority Control & Audit at Home Office.
  • Working collaboratively with the Risk, Quality Assurance and Compliance team to provide oversight and control of Delegated Authority Holders on all quality assurance and compliance matters. 

 About You:

  • Minimum 5 years’ experience in insurance and/or reinsurance industry with a focus on speciality lines (strong casualty underwriting experience with a good understanding of underwriting other lines of business preferred)
  • Familiar with the underwriting agency market in Australia and the delegated authority business model 
  • Strong skills on Excel, PowerPoint, Power BI and Outlook 
  • Strong number and analytical skills and the ability to understand, manipulate and evaluate and interpret data.

HDI Global Specialty offers a values-based dynamic working environment, a flexible approach to work, and a learning framework to support your continued development. 

This is a great opportunity to pursue your career within an established international insurance company with scope for career development long term. We provide equal opportunity to all qualified individuals and believe that diversity and inclusion are critical to our future.

You will need to already have permanent rights to work in Australia (either citizen or permanent residency).

If you would like to become a member of the HDI Global Specialty team, please click on the apply now button.

Your application will include the following questions:

Which of the following statements best describes your right to work in Australia?

How many years' experience do you have in the insurance industry?

What's your expected annual base salary?

How much notice are you required to give your current employer?

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