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Underwriting Assistant, Financial Lines

WHO WE ARE

Domiciled in Bermuda, with offices in London, Miami, New York and Dubai, Relm Insurance Ltd. (“Relm”) is the first IIGB (Innovative Insurer General Business) insurer regulated by the Bermuda Monetary Authority (“BMA”). Since inception, Relm has remained focus on its Vision of “Making Innovation Resilient” by providing insurance to companies pioneering new horizons in technology in more than 35 countries around the world.  Relm’s dynamic global team has executed market-leading insurance solutions for companies operating in web3, AI, financial technology, biotech and other important emerging sectors.

WHAT WE ARE LOOKING FOR

At Relm Insurance Ltd, our Mission is “To contribute to the building of the future by creating solutions for complex risks in innovative markets.”  As part of our journey to lead the market in emerging sectors, we are looking for an experienced Underwriting Assistant to join our dynamic team.

As an Underwriting Assistant for Financial Lines, you will provide support to the Underwriting team in the assessment, processing, and administration of financial lines insurance products, including but not limited to Directors & Officers (D&O) Liability, Professional Indemnity, and Cyber Insurance. You will be working in a fast-paced environment where attention to detail and strong communication skills are key.

At Relm, we believe in fostering a diverse and inclusive culture, where everyone is empowered to bring their unique perspectives and ideas. Our core values of Accountability, Collaboration, Curiosity & Creativity, and Courage & Optimism are central to who we are, and we strive to bring these values to life every day.

At all times this individual must embody Relm’s Core Values of Accountability, Collaboration, Curiosity & Creativity, and Courage & Optimism and continually reinforce the importance of these values with all team members.  

WHAT YOU WILL DO

  • Assist underwriters in the assessment and processing of new and renewal business for financial lines products including D&O liability, E&O liability, Cyber Liability, and EPL.
  • Prepare and review policy documentation, endorsements, and schedules to ensure accuracy.
  • Monitor and track submission statuses, ensuring timely responses and follow-ups with brokers and clients.
  • Maintain up-to-date records in underwriting systems and databases.
  • Provide administrative support with quotes, proposals, and risk assessments.
  • Liaise with brokers, clients, and internal stakeholders to gather necessary information.
  • Assist with the preparation of reports and underwriting files for internal and regulatory purposes.
  • Support the team with any ad hoc tasks as needed.
  • Review and analyze underwriting data, market trends, and industry developments to identify emerging risks and opportunities.

WHAT YOU BRING TO THE TABLE:

  • Strong analytical skills and ability to evaluate underwriting data effectively.
  • Previous experience in an underwriting assistant or similar role within insurance is preferred.
  • Excellent communication and interpersonal skills to engage effectively with brokers, clients, and team members.
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and underwriting software.
  • High attention to detail with excellent organizational skills.
  • Ability to prioritize and manage multiple tasks in a fast-paced environment.
  • A team player with a proactive, positive attitude an willingness to learn.

WHAT WE OFFER 

  • Comprehensive Health & Wellness Coverage: We fully cover 100% of your supplemental health, dental, vision, disability, and life insurance plans, so you can focus on what matters most—your health and well-being.
  • Generous Pension Plan: Enjoy peace of mind with a 10% employer contribution to your pension, securing your future while you excel in your role.
  • 28 Days of Paid Annual Leave: Take time to recharge with 28 days of vacation, because we believe in work-life balance.
  • Professional Growth & Development: We invest in your growth through continuous training, development programs, and mentorship opportunities to help you reach your full potential.
  • Travel & Commuting Perks: Benefit from travel incentives, including commuting and parking support, so you can get to work with ease.
  • Wellness & Fitness Benefits: Stay fit and healthy with gym memberships and access to exercise classes—because we care about your well-being.
  • Your Voice Matters: Work in an environment where your ideas and opinions are not just heard but valued—helping shape the success of our team.
  • Endless Growth Opportunities: We offer multiple pathways for career advancement and personal development, ensuring you have the resources to grow within the company.
  • Flexible Work Arrangements: Enjoy a hybrid work environment that supports your career while offering the flexibility you need for a family-friendly lifestyle.

 

At Relm, you won’t just join a company - you’ll be part of a team that’s shaping the future. If you’re ready to make an impact, we’d love to hear from you.

Average salary estimate

$70000 / YEARLY (est.)
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$60000K
$80000K

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What You Should Know About Underwriting Assistant, Financial Lines, Relm Insurance

At Relm Insurance Ltd., we're looking for a detail-oriented Underwriting Assistant for Financial Lines to join our innovative team! This role is all about supporting our Underwriting team in the exciting realm of financial lines insurance, including D&O Liability, Professional Indemnity, and Cyber Insurance. In this fast-paced environment, your strong communication skills and attention to detail will be key as you assist in assessing, processing, and administrating these complex products. You’ll be involved from the ground up, preparing policy documentation, tracking submissions, and liaising with clients and brokers to gather essential information. At Relm, we take pride in our inclusive culture where ideas are welcomed, and collaboration is paramount. As part of our commitment to fostering creativity and accountability, we ensure that all our team members are empowered to contribute their unique perspectives. This isn't just about the day-to-day; it’s about being part of a mission to create solutions for the future, so you'll constantly be evaluating underwriting data and market trends to help identify opportunities. If you’re someone who thrives on a challenge and wants to make a meaningful impact in the insurance space, this role as an Underwriting Assistant at Relm is your chance to grow and shine!

Frequently Asked Questions (FAQs) for Underwriting Assistant, Financial Lines Role at Relm Insurance
What are the responsibilities of an Underwriting Assistant at Relm Insurance Ltd?

As an Underwriting Assistant for Financial Lines at Relm Insurance Ltd, you will be responsible for assisting the Underwriting team in evaluating and administering financial lines insurance products, including Directors & Officers Liability, Professional Indemnity, and Cyber Insurance. Your main duties will entail preparing and reviewing policy documentation, tracking submission statuses, and maintaining accurate records in underwriting systems.

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What qualifications are required for the Underwriting Assistant position at Relm Insurance Ltd?

To be a successful Underwriting Assistant at Relm Insurance Ltd, you typically need previous experience in an underwriting assistant or similar role in the insurance field. Strong analytical skills, excellent communication, and proficiency in Microsoft Office Suite are essential, along with a keen attention to detail and the ability to manage multiple tasks in a fast-paced setting.

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What is the work culture like at Relm Insurance Ltd for an Underwriting Assistant?

Relm Insurance Ltd fosters a diverse and inclusive work culture where creativity, accountability, and teamwork thrive. As an Underwriting Assistant, you will engage with a dynamic team that values collaboration and encourages personal growth through opportunities for professional development.

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What career advancement opportunities are available for Underwriting Assistants at Relm Insurance Ltd?

At Relm Insurance Ltd, Underwriting Assistants have numerous pathways for career advancement. The company invests heavily in continuous training and mentorship opportunities, enabling staff to grow within the organization and take on greater responsibilities in the insurance sector.

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What benefits can Underwriting Assistants expect at Relm Insurance Ltd?

Underwriting Assistants at Relm Insurance Ltd enjoy a comprehensive benefits package, including 100% coverage of supplemental health, dental, and vision insurance, a generous pension plan with employer contributions, 28 days of paid annual leave, wellness benefits, and a hybrid work environment to support work-life balance.

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Common Interview Questions for Underwriting Assistant, Financial Lines
Can you explain your understanding of Financial Lines insurance?

When approaching this question, be prepared to discuss the various types of Financial Lines insurance products, such as Directors & Officers Liability, Professional Indemnity, and Cyber Insurance. Highlight your understanding of the risks these products cover and how they protect businesses.

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What skills do you believe are critical for an Underwriting Assistant?

Key skills for an Underwriting Assistant include strong analytical capabilities to evaluate underwriting data effectively, excellent communication skills for engaging with clients and brokers, and exceptional organizational skills to manage multiple tasks. Make sure to relate these skills back to your previous experiences.

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How would you prioritize tasks in a fast-paced environment?

Discuss your approach to prioritization, perhaps by mentioning the use of task lists or time management tools. It's important to show that you can adapt to shifting priorities while meeting deadlines and maintaining accuracy.

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Describe a time when you worked as part of a team. What was your role?

Share a specific example of teamwork where you played a supportive role. Demonstrate your ability to collaborate and communicate effectively with team members, contributing to the success of a project.

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What attracts you to working at Relm Insurance Ltd?

Express your interest in Relm's commitment to innovation and its focus on emerging sectors. Mention how their core values resonate with you and how you want to contribute to the mission of creating insurance solutions for complex risks.

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How do you handle difficult clients or brokers?

Describe your approach to maintaining professionalism even in challenging situations—focusing on clear communication, active listening, and problem-solving to resolve any issues positively.

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What software tools are you familiar with for underwriting tasks?

Discuss your experience with underwriting software and any relevant analytic tools you have used, such as Microsoft Excel, to manage data effectively and produce reports.

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Can you give an example of how you’ve analyzed market trends in the insurance industry?

Provide a concrete example of how you researched or monitored market trends and applied that information. Showing your analytical skills and ability to derive insights from data is key.

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How do you ensure accuracy in your work?

Mention the methods you employ to double-check your work for accuracy, such as thorough documentation review processes or checklists, highlighting your attention to detail.

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What do you hope to achieve in the role of Underwriting Assistant at Relm Insurance Ltd?

Articulate your professional goals, emphasizing personal growth, developing expertise in financial lines, and contributing actively to the team's success at Relm Insurance Ltd.

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RELM is a different type of insurance company. One that is set up to embrace new and emerging business categories. We work with entrepreneurs who are pioneering these new horizons. Operating in this... space, they find it difficult to get insuranc...

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Full-time, hybrid
DATE POSTED
March 19, 2025

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