Senior Energy Liability Underwriter

Tokio Marine HCC; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid working arrangement

Competitive salary and benefits

Training and development opportunities

Equal opportunity employer

Job summary

Tokio Marine HCC – A&H Group in the City of London seeks a Senior Underwriter to profitably develop and manage the Marine & Energy Liability portfolio, with a focus on Energy Liability. You will underwrite and price complex energy risks and build strong broker and internal stakeholder relationships.

With five years+ in Energy Liability underwriting, you will contribute to MEL strategy, pricing methodologies and portfolio balance while mentoring junior colleagues.

Qualifications

• Five or more years in Energy Liability underwriting.
• Strong knowledge of Lloyd's and international markets.
• Experience with upstream, midstream, downstream and renewables.
• Excellent negotiation and commercial judgement.
• Degree educated or equivalent; ACII desirable.

Responsibilities

• Underwrite MEL business via Lloyd's and Company within authority and plan.
• Lead development of Energy Liability business across segments.
• Price complex risks, considering exposures and policy terms.
• Develop broker relationships and identify profitable opportunities.
• Collaborate with Claims, Actuarial and Exposure Management.
• Mentor junior team members and maintain governance standards.

Skills

Energy Liability underwriting

Lloyd's & international markets

Broker relationship management

Underwriting strategy & pricing

Analytical decision-making

Communication & presentation

Mentoring junior staff

Education

Bachelor's degree or equivalent

Tools

PPL

Whitespace

Excel

Job description

Department: Marine & Energy LiabilityLocation: City of LondonReporting to: Head of Marine and Energy LiabilityDirect Reports: NonePosition Type: PermWorking Arrangement: Hybrid – 3 days in the officeOverview:Why Tokio Marine HCC?Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.Job Purpose:To play a key role in the profitable development and management of the Marine & Energy Liability (MEL) portfolio, with a particular focus on Energy Liability.The Senior Underwriter will underwrite and develop new and existing business, contribute to portfolio strategy and Business Plan delivery, and build strong relationships with brokers, clients and internal stakeholders. The role requires strong technical underwriting judgement, commercial awareness and the ability to identify and develop profitable opportunities across the Energy sector.Key Responsibilities:Underwrite new and renewal MEL business through Lloyd’s and the Company, within agreed authority, underwriting guidelines and the Business Plan.Take a leading role in underwriting and developing Energy Liability business, including Upstream, Midstream, Downstream, Power, Renewables, Drilling & Services Contractors and Onshore/Offshore Construction.Assess and price complex risks, including exposures, loss experience, contractual arrangements, policy coverage and appropriate terms and conditions.Contribute to the development and implementation of the MEL underwriting strategy and Business Plan, with a focus on sustainable profitability and portfolio balance.Undertake account and portfolio performance analysis, identifying trends, emerging exposures and areas requiring underwriting action.Proactively develop new and existing broker relationships and identify profitable new business opportunities.Represent and promote the business with brokers, clients and other internal and external stakeholders.Present risks at Peer Review and contribute to technical underwriting discussions across the division.Work collaboratively with Claims, Actuarial, Exposure Management and other functions to support effective underwriting and portfolio management.Support the training, mentoring and development of junior members of the team.Maintain high underwriting and file-management standards and ensure compliance with applicable legal, regulatory and governance requirements.Remain current with market, legal and industry developments affecting Marine & Energy Liability, particularly developments across the Energy sector.Skills and Experience Specification:Essential:Ideally five years’+ relevant Energy Liability underwriting experience with a strong understanding of the Lloyd’s and international (re)insurance markets.Strong technical knowledge of Energy Liability, including relevant exposures, pricing methodologies, contractual considerations and policy coverages.Broad understanding of Energy segments including Upstream, Midstream, Downstream, Power, Renewables, Drilling & Services Contractors and Onshore/Offshore Construction.Knowledge of both North American and International business and relevant market networksStrong broker relationships with the ability to develop and originate new business.Sound commercial judgement, negotiation and underwriting decision-making skills.Good understanding of legal and contractual concepts relevant to liability underwriting.Experience with electronic trading platforms including PPL and/or Whitespace.Degree educated or equivalent experience.Strong numerical, analytical and account performance analysis skills.Excellent written and verbal communication and presentation skills.Strong relationship-building and negotiation capabilities.Collaborative team player with the ability to mentor and develop junior colleagues.Proficient in Microsoft Office, particularly Excel; Power BI experience advantageous.Desirable:Fluency in additional languages advantageous.Experience of Marine Liability underwriting would be desirable to provide cover to the wider team when required.ACII qualified, working towards ACII or equivalent qualification advantageous but not essential.What We Offer The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals.The Tokio Marine HCC Group of companies is an equal opportunity employer. Please visit www.tmhcc.com for more information about our companies.#LI-NW1