Property Underwriter – Power

Berkshire Hathaway Specialty Insurance; London; On-site; GBP 40,000 - 80,000; Full time

Job description

Who are we?

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organisation where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognised. Want to be part of the team building the finest property, casualty and specialty lines insurance company in the world?

Learn more about our unique culture and history.

Job Opportunity:

BHSI has an exciting opportunity for a Property Underwriter based in our London offices to join our UK Property team with a focus on International Property markets and a specialism in Power.

Day-to-day responsibilities of this role include:

• Contribution towards the growth and build-out of the Property UK proposition across all relevant distribution channels
• Pre-qualifying accounts
• Utilising underwriting acumen to select risks within the company’s risk appetite
• Expanding and developing new business opportunities through engagement with brokers and customers

We are seeking an individual who is energised, passionate and who is always striving towards excellence. You should be comfortable working closely with actuaries, the Claims team and underwriters from across the broader team. In addition, necessary character, relationship building and negotiating skills to help lead and further build a profitable book of business are of the utmost importance. The successful candidate will be focused on a positive customer experience, while maintaining sound underwriting discipline. This position is a great fit for a Property Underwriter looking to expand their responsibilities and underwriting knowledge with an experienced and well-regarded unit within a top global insurance company. You will have at least 3 years operational power experience.

Duties & Responsibilities:

• Support the development and build-out of International Property that is consistent with the team's focus on profitable growth
• Establish, develop, and expand broker and customer relationships
• Underwrite accounts while ensuring appropriate analysis and documentation without sacrificing discipline, diligence and quality service
• Underwrite challenging risks while developing creative solutions for our brokers and customers
• Maintain awareness of the competitive environment and risk profile of the International Property market
• Effectively communicate the BHSI value proposition
• Be a positive reflection on the company by demonstrating integrity and leadership in the marketplace

Qualifications, Skills and Experience:

• 3+ years of Operational Power Underwriting experience
• Existing broker and customer relationships, or the experience and ability to develop strong broker and customer relationships quickly
• Strong underwriting acumen, including understanding deployment of net capacity, Natural Catastrophe risk and profitability over top line growth
• Experience and strong understanding of policy forms, including broker manuscripts; its coverage intent, structure and application – how it would respond in certain claim scenarios
• Strong collaboration and team building skills
• Strong communication skills including negotiation, communications and presentation experience and customer meeting experience with an ability to obtain valuable insights into company exposures via dialogue with senior executives
• Degree or equivalent education, and/or relevant insurance qualifications
• Some travel will be required

BHSI Offers:

• A company with a truly unique opportunity and value proposition in the marketplace
• A purposely non-bureaucratic organisation that embraces a culture of simplicity over complexity, innovation and emphasises individual excellence in a team framework
• An exciting and fast-paced culture with an inherent focus on showing respect and doing the right thing for our customers, teammates and our business
• A competitive compensation package and exciting growth opportunities with a growing global organisation
• A growing book of business that offers opportunities to be customer-facing
• A team that supports and encourages each other’s development and success

To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to [e-mail].

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization.