Senior Underwriter, Offshore Renewables & Upstream Energy

Allianz; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading insurance company in London is seeking a Senior Underwriter for Offshore Renewables and Upstream Energy. The role involves underwriting new and renewal business, negotiating terms, and building relationships with brokers and clients. Ideal candidates will have significant experience in Offshore Energy underwriting and excellent communication skills. This position can be full-time or part-time.

Qualifications

• Significant experience in underwriting profitable business in the Offshore Energy market.
• Recognized relationships with brokers.
• Ability to assess risk and natural hazards.
• Excellent understanding of policy administration life cycle.
• Ability to integrate AI-driven insights into work.

Responsibilities

• Underwrite new and renewal accounts.
• Negotiate pricing and terms with brokers.
• Manage exposure and capacity.
• Support acquisition of new business.
• Train and develop less experienced staff.

Skills

Experience in underwriting Offshore Energy

Relationship building with brokers

Understanding of Offshore Energy insurance markets

Risk assessment

Excellent communication skills

Analytical skills

Education

ACII qualified or equivalent

Job description

We are looking for a Senior Underwriter, Offshore Renewables & Upstream Energy, based in London.

Your Team

The Offshore Renewables and Upstream Energy Team is part of the wider Natural Resources & Construction Team in London. The risks covered are both the operational and construction of Offshore Renewables and Upstream Energy assets. Our team is committed to providing an environment where you will have a sense of belonging whilst continuing to develop your skills and gain experience within one of the most respected insurance companies globally. The culture of the team as a whole and those within it are extremely important. Our culture is truly global and diverse. We strive to provide our customers with excellent product expertise and services. With the focus on digitalization, we create efficiency and improve the customers interaction.

The Impact You Will Have

Based in London and reporting to the Regional Head, you will underwrite profitable new and renewal business to meet the business targets encompassing Offshore Renewables and Upstream Energy. You will also be negotiating participation, pricing and terms and conditions. You will take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.

Some of your specific responsibilities could include:

• Underwrite new and renewal accounts to meet top and bottom line targets

• Negotiate participation, pricing and terms and conditions with brokers

• Proactively manage exposure and capacity

• Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios

• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)

• Proactively liaise with Market Management & Distribution (MMC) on market management initiatives

• Positively represent Allian Commercial externally to the market

• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)

• Training, developing and coaching of less experienced staff (including Junior Underwriters, Operations and Credit Control)

What You'll Bring to the Role

• Significant experience in underwriting profitable business in the Offshore Energy market.

• Recognized relationships with brokers at peer group level and well established within market.

• Good understanding of regional/local Offshore Energy insurance markets and competitor landscape, including global elements.

• Ability to assess risk inherent exposures and natural hazards relevant to the line of business.

• Ability to analyse current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.

• Ability to design, develop and implement consistent, robust wordings.

• Excellent understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.

• Excellent communication skills and ability to create relationships and communicate clearly at all levels and with a wide range of people.

• Ability to influence and motivate others to act, without executive authority.

• Excellent analytical skills.

• Ideally ACII qualified or equivalent.

• Ability to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.

79864 | Underwriting | Professional | Non-Executive | Allianz Commercial | Full Time or Part Time | Permanent