“Look who decided to come back…” was what greeted me as soon as I set foot back into the Lloyd’s corporation, I thought having spent six months in the market that I would have been forgotten about, obviously I was wrong!
Living the underwriter lifestyle within the Lloyd’s market is something that truly is a one off. The buzz of being on the box, with the hive of activity happening all around you, means that if you are the type of person who is easily distracted, you will end up getting nothing done!
I do not imagine many other places that would see brokers queuing patiently (sometimes impatiently) to place risks with underwriters; they are the ones with the true power!
The work I was predominately involved in was on the property catastrophe side in North America, so supporting our underwriters at the box, helping with risk pricing. My days were filled with looking into hurricanes and earthquake activity, and how we model these to ensure we only take on risk we fully understand.I did some work looking at Hurricane Ike and Gustav in 2008, and how catastrophe models were not well prepared for such events.
So one year in, with both corporation and market experience under my belt, I am ready to show my true worth.
I am now in the Exposure Management team, sounds pretty sexy as insurance goes. The team are responsible for managing the aggregation of risks and reinsurance within the Lloyd’s market, and alerting the market to emerging risks.
I am mainly involved on the emerging risk side, and they have produced some interesting reports on topics such as nanotechnology, potential impacts of pandemics and digital risks.
Next Steps…decide on my career post graduate scheme! I think I will concentrate on the run up to Christmas first though!
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