Property Underwriter, Power

JR United Kingdom; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company is seeking an Underwriter for their Energy & Technical Property team in London. The role involves underwriting operational power risks, developing broker relationships, and making sound underwriting decisions. Ideal candidates will have strong communication and negotiation skills, along with a degree or relevant insurance qualifications.

Benefits

Competitive compensation package

Growth opportunities

Supportive team culture

Qualifications

• 5+ years of Operational Power Underwriting experience.
• Strong underwriting acumen and understanding of policy forms.

Responsibilities

• Underwrite accounts ensuring analysis and documentation.
• Develop and expand broker and customer relationships.
• Communicate the BHSI value proposition effectively.

Skills

Collaboration

Communication

Negotiation

Education

Degree or equivalent education

Job description

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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.

Berkshire Hathaway Specialty Insurance has an exciting opportunity for an Underwriter to join our Energy & Technical Property team in London. In this role you will be responsible for developing and underwriting opportunities for operational power risks and play a pivotal role in growing the Power portfolio.

Core to the role will be the analysis of risk exposures of new and renewal business and you will be required to make sound underwriting decisions. You will be responsible for driving a sustainable long-term focused profitable portfolio of operational power risks. You will be expected to develop strong relationships with brokers, customers and BHSI teammates.

We are seeking an individual with a background in underwriting property power business, who enthusiastically strives for excellence in every area from underwriting risks to delivering customer and broker service. In addition, necessary character, relationship building and negotiating skills to help build a portfolio of lead and follow business is required.

Collaboration across all areas of the business is important to us at BHSI. You will need to build strong relationships with our Actuarial, Risk Engineering and Claims teams to support you in assessing risks and refine your underwriting decisions.

Excellent administration, data and file management skills are required.

This position is a great fit for an individual looking to expand their responsibilities and underwriting knowledge with an experienced and well-regarded unit within a top global insurance company.

Duties & Responsibilities:

• Support the development and build-out of International Property that is consistent with the teams 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

Preferred Qualifications, Skills and Experience:

• 5+ years of Operational Power Underwriting experience
• Strong underwriting acumen, including understanding deployment of nett capacity, Natural Catastrophe risk and profitability over top line growth
• Experience and strong understanding of policy forms, including broker manuscripts; it’s 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
• Willing to travel

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 [emailprotected] .

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 organisation