Underwriter at Hiscox | London, GBR | Rezi

Underwriter at Hiscox

Underwriter

Hiscox · London, GBR

1 months ago

Underwriter

Hiscox · London, GBR

2 months ago
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About the Role

This role involves underwriting a book of renewable risks, requiring strong relationship management, negotiation, and business development skills. You will contribute to the strategy and growth of Hiscox's Energy book within the London Market.

Responsibilities

  • Underwrite a book of renewable risks in line with individual Underwriting Authority and wider portfolio guidelines.
  • Share views and help develop our underwriting strategy.
  • Carry out risk analysis utilizing modelling and technical guides, tools and group guidelines.
  • Develop and strengthen product and underwriting knowledge and judgement including review of wordings.
  • Monitor and keep abreast of changes in underwriting, regulation and compliance.
  • Build and maintain relationships with key brokers and clients including representing Hiscox at meetings, conferences, client visits etc.
  • Work effectively with key internal stakeholders including Engineering, Pricing, Claims, Exposure Management and Operations.
  • Work with the Operations team to ensure the required underwriting and compliance guidelines are followed and documentation and recording systems remains up to date and accurate.

Requirements

  • Demonstrable and meaningful experience underwriting Renewable risks in the London market, preferably in a lead capacity.
  • Experience underwriting Power, Offshore or Construction risks may be of benefit.
  • Strong analytical capabilities to assess risks and demonstrate accurate judgement.
  • Decisive in nature, displaying good judgement in decisions and taking accountability.
  • A driven and curious individual who demonstrates interest and enthusiasm to learn.
  • Able to work independently but also be an effective team worker.
  • A great communicator who can work with people at all levels, and are just as comfortable with clients and leaders in the industry as they are with their own team.
  • Able to demonstrate the ability to work effectively and maximise the potential of our Engineering/Pricing/Catastrophe Modelling team.
  • Able to build strong relationships, both internally and externally.
  • Work under pressure whilst maintaining a high attention to detail and ensuring that deadlines are met.
  • Demonstrate a willingness to travel as needed and attend and host business social events.
  • Excellent negotiation skills and an insatiable drive to make the portfolio highly profitable.
  • Progress in ACII examinations or a commitment to complete them.

Skills

  • Underwriting
  • Relationship management
  • Negotiation
  • Business development
  • Risk analysis
  • Communication
  • Analytical capabilities
  • Attention to detail

Location

  • London

Work Type

  • Permanent
  • Hybrid working

Experience Level

  • Senior

Education Level

  • ACII examinations (progress or commitment to complete)

Benefits

  • Great employee benefits that take care of your mental and physical wellbeing

About the Company

  • Hiscox is an international specialist insurer focusing on key areas of expertise and strength.
  • We challenge convention and always look for a better way.
  • We are defined by our strong moral fibre and prioritise doing what we say we will.
  • We insure the unique and interesting.
  • We empower our people to think creatively, challenge the status quo and approach things with a solutions focused lens.
  • We provide insurance solutions that are often too complex for other insurance companies.
  • Hiscox have been writing an Energy book as part of the wider Marine, Energy & Specialty (MES) Division within Hiscox London Market for many years and is viewed as one of the leading Markets in the class.
  • The Energy portfolio is written alongside Marine Hull & War, Marine Cargo and Marine & Energy Liabilities.
  • The Energy line at Hiscox currently underwrites a broad spectrum of the Energy value chain including Upstream, Midstream, Downstream, Renewables and Power.
  • We have a truly global footprint and a broad underwriting appetite.
  • Our team is currently comprised of 13 underwriters who are closely supported by a team of engineering, claims, pricing, exposure management and operations personnel.
  • The key to our success is our deep technical understanding of the products we sell and the activities our clients perform which enable us to identify the best risks and differentiate ourselves from our competitors.
  • We are a global, specialist insurer headquartered in Bermuda and listed on the London Stock Exchange.
  • With 3,000 employees and 32 offices in 12 countries we’re a business with lots of opportunity for people with talent, spark and lots of ambition.
  • We prioritise strong values – such as integrity and courage.

Equal Opportunity

  • At Hiscox we care about our people.
  • We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.