Senior Underwriter

Hiscox; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading insurance firm in London seeks a Senior Underwriter for its Major Property team. The ideal candidate will have a strong reputation in the Lloyd’s market, excel in underwriting, and have existing broker relationships. Responsibilities include risk negotiation, relationship management, and driving profitable portfolio growth. This dynamic role offers a unique opportunity to shape the future of property insurance.

Benefits

Flexible working options

Great employee benefits

Diversity and inclusion initiatives

Qualifications

• Proven track record and strong reputation of underwriting in the Lloyd’s market.
• Good mathematical and analytical skills; involvement in catastrophe modelling.
• Excellent sales skills and a goal to grow the portfolio profitably.

Responsibilities

• Underwrite, price, and negotiate risks.
• Develop and maintain relationships with brokers and clients.
• Lead underwriting and sales initiatives.

Skills

Analytical thinking

Decision making under pressure

Strong sales skills

Excellent communication

Education

Degree or equivalent

Tools

Catastrophe modelling

Actuarial analysis

Job description

Hiscox London Market has an exciting future. In the Property Division our team of over twenty-seven underwriters and analysts focus on Property & Alternative Risk lines written within London Market. Methods of placement range from direct and facultative, shared and layered open market placements, to binders and line slips, both digital and traditional.

Expectations are high, but the team enjoy a well-established, lead market position and have an excellent track record of outperforming our peers – the challenge will be not just tomaintain this, but to drive it forward in an ever evolving market place.

We are looking for a senior underwriter to join our Major Property team, historically a significant revenue and profit generator and one of the core short tail lines of business within Hiscox. The team are responsible for the direct and facultative book.

The strategy for the Major Property portfolio is to build upon a profitable, enviable, core book of clients. Dependent on market conditions, we actively manage the size of this portfolio matching our exposures to the current market opportunity.

Success will be measured by progressing from a supporting role into generating revenue, optimising the portfolio and developing new business both through relationships and product development. If you like a challenge and work to high standards, this could be the role for you.

The Role

What you’ll be doing in the role

• Underwrite, price and negotiate risks submitted via the box or etrading systems
• Lead, develop and maintain relations with brokers, producers and clients.
• Lead underwriting and sales initiatives to grow the portfolio profitably
• Position yourself and Hiscox as the go-to market for Major Property in Lloyd’s
• Marketing and sales of the Hiscox brand and product offerings, pitching our risk appetite and value proposition
• Contribute to the development of our underwriting appetite and help refine the portfolio strategy
• Wordings and contract review.
• Market / Industry research
• US & International travel to meet clients and brokers
• Coaching and training of more junior colleagues.

The Candidate

We are looking for an individual who is highly analytical, driven and detail orientated with a passion for execution. You will need to be articulate and exhibit a track record of good decision making skills, working under pressure and to tight deadlines, with an ability to quickly understand problems and create and implement solutions. Underwriting experience is essential alongside strong broker and client relationships.

Our must haves

• A proven track record and strong reputation of underwriting in the Lloyd’s market
• Good mathematical and analytical skills; the team is heavily involved in catastrophe modelling and actuarial analysis and the individual must be willing to embrace and develop this aspect of underwriting
• Excellent sales skills and an insatiable appetite to grow the portfolio profitably
• Decisive in nature, displaying good judgement in decisions and taking accountability
• 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.
• Existing Broker and client relationships
• Degree educated or equivalent
• Progress in ACII examinations or a commitment to complete them

About Hiscox

As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.

We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.

Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.

Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.

You can follow Hiscox on LinkedIn, Glassdoor and Instagram (@HiscoxInsurance)

Diversity and flexible working at Hiscox

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. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

Work with amazing people and be part of a unique culture

If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.

Get in touch

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About us

We’re 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. If you want to build a great career with a company that prioritises strong values – such as integrity and courage – where our people always pull together to do the right thing for each other and our customers, then we’d love to hear from you.