Underwriting UK Graduate Programme

Job Details

Underwriting UK Graduate Programme

Benefits:

Reimbursed office travel costs up to £5250 (London) £3250 (Birmingham) per year, £100 monthly lifestyle allowance, £550 remote office set up allowance, additional holiday buy scheme, flexible alternative bank holiday policy, private healthcare, generous pension and life assurance, big brand discounts, wellbeing provision, D&I networks and volunteering allowance. 

Beazley:

Beazley is a specialist insurance company with over 30 years’ experience helping people, communities, and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle. Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions, and contingency, covering risks such as the weather, film production or protection from deadly weapons. 

Our Culture:

We employ over 2,000 people globally, hosting a wonderful diversity of cultures, experiences, and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought & personal accountability. 

Our three core values inspire the way we work and how we treat our people & customers – 1) Be bold 2) Strive for better 3) Do the right thing. Upholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us – our ambitious I&D & Sustainability targets are testament to this. 

Early Careers at Beazley: 

From spaceships to subsea ships and from major sporting events to celebrity concerts, specialist insurance is an exciting place to be. Beazley is the largest Lloyd’s syndicate, and the market leader in products such as Cyber – you can read our full story back on the main Early Careers Academy Page.

There’s no better place to launch your career! All programmes have been designed by respected senior leaders who sponsor the programmes and you – setting you up for continued success. All programmes have personal and professional development built in, and a fantastic support network set-up to help you thrive. 

We’ll welcome you to the family and to show our commitment to you, you’ll start as a full-time Beazley employee from day 1. This entitles to you all our renowned benefits, from free lunch and reimbursed office travel to flexible religious holidays and private medical cover.

Our non-hierarchical structure and friendly culture make Beazley a fantastic launchpad for your career – we can't wait to welcome you!

Job Summary: 

Underwriting is the core of Beazley, our Graduate Programme is a 24-month immersive learning experience designed to provide participants with the knowledge and experience needed for a successful career as an Underwriter at Beazley.

Programme participants must be curious; having a growth mindset with high personal integrity; and keen to develop a career in Underwriting with a leading specialist insurer.

Underwriting is the core of Beazley, our Graduate Programme is a 24-month immersive learning experience designed to provide participants with the knowledge and experience needed for a successful career as an Underwriter at Beazley.

Beazley has 5 underwriting divisions, and we are looking for a grad in each area! The recruitment process is done as one ‘underwriting graduate’ pool, but during application we ask if you have a preference for a particular division – you can identify your top 2 preferences, or give no preference at all – either is fine. To help you, we have provided information on each of the divisions below. You will also get to choose a location preference – please note if you have a location preference first, this will automatically remove some of the underwriting division options. 

Members of the graduate programme will participate in training rotations across their chosen division’s Underwriting and Business Management functions. This is designed to give you a broad experience resulting in the ability to become a well-rounded Underwriter at Beazley. 

Following the successful completion of the programme, graduates will move into a full-time Underwriter role within their chosen division.

Wondering if this is the right opportunity for you? We encourage you to apply if you are keen to develop a career in Underwriting with a leading specialist insurer and meet the entry requirements.

Cyber: 

Our market leading Cyber insurance offering protects businesses against cyber threats by building resilience and minimising risk. 

Beazley is a pioneer in cyber insurance and has led the way in the development of an effective cyber ecosystem which protects clients, before, during and after a cyber incident and in the creation of the market's first cyber catastrophe bond and war exclusion.

Digital:

Within the Digital division we provide access to our specialty small business products via multiple digital placing and servicing channels. This offers flexibility of choice in how to place business with us, in a simple and cost-effective way. 

Where other companies may ‘digitise’ legacy systems and continue traditional service line-led underwriting, we took a different approach. We created Beazley Digital in 2022, a dedicated cross-functional team organised around our brokers, their clients and their direct needs: offering a powerful combination of access to our specialty insurance products, empowered underwriters, future-facing customer experience supported by leading technology and thinking.

We operate in UK, US, Canada, France, Germany and Spain writing a range of covers including cyber, E&O, management liability, healthcare, contingency and marine.

Property:

The Property Division comprises of six trading teams; Jewellery fine art & specie, High Value Homeowners, Covers, UK & rest of world Commercial Property, North American commercial property and Property Treaty. We are based mainly in London and the US but also have underwriters in Singapore, Germany, France and China.

We work closely with the exposure management team in analysing climate risk as we provide insurance for properties both on the insurance side and also reinsurance side of the industry. We write both on the Lloyd's platform and through our own company paper.

Specialty:

Speciality Risks (SR) is the largest and most diverse of the Beazley divisions. There are 7 trading teams with 27 focus groups that sit beneath these.

SR has underwriters located in the UK, US, Canada, each of our European offices and Singapore so they have access to every way that a Beazley underwriter can place business.

SR writes liability business in each of these areas, providing cover for some of the largest and most well-known organisations in the world as well as also catering to much smaller businesses, often covered under our programmes books. From retail to streaming services and from law firms to celebrities, SR will give you a broad experience to kick start your career.

Marine, Accident & Political (MAP):

Marine, Accident & Political (MAP) Risks insure a wide range of different risks. From shipping to satellites, professional sportspersons to major concert tours, and geopolitical risks across the globe. 

Our specialist underwriters are experts in their areas, keeping up to date with the latest developments, understanding the risks that clients face and working to help them mitigate these.

Our biggest team is based in London, writing international business using Beazley's Lloyd's syndicate and company platforms. MAP also has underwriters based in the US, Europe and Singapore.

Professional Development Information

Alongside the Beazley UK Early Careers Academy Development offering, you will also work on development and progression pathways specific to your chosen programme.

Underwriting grads will be supported to achieve their CII Diploma whilst on programme, and achieve the ‘Insurance Professional’ standard qualification. 

Grads will receive underwriting authority based on their learning and performance to start underwriting, and will get a final placement role personalised to them and their development.

Entry Criteria 

2:2 degree or above in any discipline, any university.  

UK Application Process

Our application process is designed with you in mind, we aim to make the process as interactive and as two-way as possible- we want you to get to know us as much as we get to know you!

All stages are designed to assess your future potential – not any experience you may or may not have. Behind the scenes we also undertake adverse impact testing at each stage to ensure that our processes are fair and equitable. If you have any adjustment requests, you can let us know at any time. Best of luck!

“Don’t meet all the requirements? At Beazley we're committed to building a diverse, inclusive, and authentic workplace. If you’re excited about this role but your experience doesn’t perfectly align with every requirement in the JD, we encourage you to apply anyway. You might just be the right candidate for this, or one of our other roles.” 

About Beazley

Beazley is a specialist insurance company with over 30 years’ experience helping people, communities, and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle. Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions, and contingency, covering risks such as the weather, film production or protection from deadly weapons.

From spaceships to subsea ships and from major sporting events to celebrity concerts, specialist insurance is an exciting place to be. Beazley is the largest Lloyd’s syndicate, and the market leader in products such as Cyber – you can read our full story back on the main Early Careers Academy Page.

There’s no better place to launch your career! All programmes have been designed by respected senior leaders who sponsor the programmes and you – setting you up for continued success. All programmes have personal and professional development built in, and a fantastic support network set-up to help you thrive.

We’ll welcome you to the family and to show our commitment to you, you’ll start as a full-time Beazley employee from day 1. This entitles to you all our renowned benefits, from free lunch and reimbursed office travel to flexible religious holidays and private medical cover.

Our non-hierarchical structure and friendly culture make Beazley a fantastic launchpad for your career – we can't wait to welcome you!

We employ over 2,000 people globally, hosting a wonderful diversity of cultures, experiences, and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought & personal accountability. 

How to apply

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Please note that applications may close before the application deadline, so apply early to avoid disappointment.

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