Senior Underwriter - Power & Renewables

TN United Kingdom; London; Hybrid; GBP 60,000 - 100,000; Full time

Job description

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Senior Underwriter - Power & Renewables, London

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Client:

Hiscox

Location:

London, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Reference:

51e97cb1165d

Job Views:

9

Posted:

26.04.2025

Expiry Date:

10.06.2025

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Job Description:

Job Type:

Permanent

Job Type:

Permanent

Build a brilliant future with Hiscox

The team

Hiscox have been writing their energy book as part of the wider Marine, Energy & Specialty (MES) Division within Hiscox London Market for many years and is viewed as one of the leading markets in the class. The energy portfolio is written alongside Marine Hull & War, Marine Cargo and Marine & Energy Liabilities.

Starting off as separate and distinct Power and Upstream teams, we have diversified our product offering in line with the requirements of our clients, the market and the broader ‘Energy Transition’. The energy lines at Hiscox now underwrite a broad spectrum of the energy value chain including Upstream, Midstream, Downstream, Renewables and Power. Whilst we underwrite out of London, we have a truly global footprint and a broad underwriting appetite. Our team is currently comprised of 9 underwriters who are closely supported by a team of engineering, claims, pricing, exposure management and operations personnel.

The key to our success is our deep technical understanding of the products we sell and the activities our clients perform which enable us to identify the best risks and differentiate ourselves from our competitors. This is your opportunity to become part of it and help influence and shape our offering.

The role

We are looking for an experienced underwriter to add to our Renewables & Power offering, predominantly to underwrite a broad book of renewable energy risks. Whilst the role will have a broad remit the key focus will be on the onshore segment.

The key to success in this role will be a detailed underwriting approach with a strong grasp of the technical aspects of this class and a good understanding of market practices. The right candidate should be able to underwrite independently, and also work on portfolio level tasks like performance analysis, rating adequacy, exposure management etc. The role also requires strong relationship management, organisational skills and the ability to think ahead and use initiative. You will need to demonstrate a skill for working and building relationships with brokers and clients, and driving these towards profitable business.

We have big ambitions in the energy classes, so we’re looking for someone who is tenacious, with a proven capability of developing a portfolio whilst providing exceptional service to our brokers and clients.

Primary Responsibilities

Underwrite a book of renewable risks in line with individual Underwriting Authority and wider portfolio guidelines.

Share views and help develop our underwriting strategy.

Carry out risk analysis utilising modelling and technical guides, tools and group guidelines.

Develop and strengthen product and underwriting knowledge and judgement including review of wordings.

Monitor and keep abreast of changes in underwriting,regulationand compliance.

Build and maintain relationships with key brokers and clients including representing Hiscox at meetings, conferences, client visits etc.

Work effectively with key internal stakeholders including Engineering, Pricing, Claims, Exposure Management and Operations.

Work with the Operations team to ensure the required underwriting and compliance guidelines are followed and documentation and recording systems remains up to date and accurate.

Person Specification

Have demonstrable and meaningful experience underwriting Renewable risks in the London market. Experience underwriting Power, Offshore and Construction risks may be of benefit.

Have experience in underwriting an open market portfolio, preferably in a lead capacity.

Have strong analytical capabilities to assess risks and demonstrate accurate judgement.

A driven and curious individual who demonstrates interest and enthusiasm to learn.

Able to work independently but also be an effective team worker.

Have an established market presence amongst key brokers and preferably clients too.

Be able to demonstrate the ability to work effectively and maximise the potential of our Engineering/Pricing/Catastrophe Modelling team.

Be able to build strong relationships, both internally and externally.

Work under pressure whilst maintaining a high attention to detail and ensuring that deadlines are met.

Demonstrate a willingness to travel as needed and attend and host business social events.

Progress in ACII examinations or a commitment to complete them.

Diversity & Hybrid Working

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 have also learned that working life doesn’t always have to be in the office, so we have introduced hybrid working to encourage a healthy work life balance.

This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

Apply now for further information

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Work with amazing people and be part of a unique culture