Underwriter

Hiscox; City Of London; On-site; GBP 45,000 - 70,000; Full time

Job summary

An innovative insurance company is seeking an underwriter to join their Major Property team in London. The role focuses on writing middle market commercial property and aims to capture a key growth opportunity. The ideal candidate will be analytical and detail-oriented, with strong communication skills. Opportunities for career development and flexible working are also highlighted, alongside a supportive culture promoting diversity.

Benefits

Flexible working options

Career development opportunities

Health and wellbeing benefits

Qualifications

• A working knowledge of how to price a risk.
• Good mathematical and analytical skills.
• Effective team worker with the ability to manage under pressure.

Responsibilities

• Underwrite, price, and negotiate risks on digital platforms.
• Develop and maintain relations with brokers and clients.
• Lead sales initiatives to grow the property portfolio.

Skills

Analytical skills

Communication skills

Mathematical skills

Teamwork

Education

ACII examinations progress or commitment to complete

Educated to degree level or equivalent experience

Job description

Hiscox London Market has an exciting future. In the Property Division our team of over twenty-seven underwritersand 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 an underwriter to join our Major Property team, focussing on writing middle market commercial property (TIVs $50m - $1bn), currently an underserved segment of our property portfolio and a key growth opportunity going forwards. Initially business will be written via the open market (at the box in Lloyd’s), facilities and delegated authorities, with a longer-term ambition to add a digitally traded segment targeting ‘core’ and profitable occupancies and writing via APIs direct to US wholesale. Hiscox see middle market commercial property as a significant profitable growth opportunity and the successful candidate will be joining a team on the outset of this exciting journey.

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.

What you’ll be doing in the role

• Underwrite, price and negotiate risks submitted via the box or digital platforms
• Lead, develop and maintain relations with brokers, producers and clients.
• Lead underwriting and sales initiatives to grow the portfolio
• 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.
• Opportunity to travel to meet clients and brokers

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 desirable but not a necessity if you can demonstrate an understanding of the nuances involved in pricing and assessing a risk.

Our must haves

• A working knowledge of how to price a risk
• 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
• A confident communicator with demonstrable communication skills both oral and written
• A driven individual and effective team worker
• Ability to prioritise work and manage effectively and accurately under pressure, ensuring that deadlines are met
• Progress in ACII examinations or a commitment to complete them

Nice to have

• Prior experience of underwriting commercial property in the London Market
• Educated to degree level or non-graduates with demonstrable relevant experience and excellent A’ levels.

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.

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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.