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Underwriter

Hiscox Ltd

London

On-site

GBP 50,000 - 80,000

Full time

30+ days ago

Job summary

Join a leading company as an Underwriter in the Major Property team, focusing on middle-market commercial property. You will underwrite, price, and negotiate risks while developing relationships to drive growth. Ideal candidates are analytical, detail-oriented, and possess strong communication skills.

Qualifications

  • Experience underwriting commercial property is a plus.
  • Strong mathematical and analytical skills.
  • Excellent oral and written communication skills.

Responsibilities

  • Underwrite, price, and negotiate risks submitted via digital platforms or the box.
  • Develop and maintain relationships with brokers, producers, and clients.
  • Lead underwriting and sales initiatives to grow the portfolio.

Skills

Analytical skills
Risk pricing knowledge
Communication skills
Mathematical skills
Teamwork

Education

Degree-level education or relevant experience
Progress in ACII examinations

Job description

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Underwriter Job Type: Permanent

Build a brilliant future with Hiscox

About the team/division

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 within the London Market. Our methods of placement range from direct and facultative to shared and layered open market placements, binders, and line slips, both digital and traditional.

Expectations are high, but the team enjoys a well-established, leading market position with an excellent track record of outperforming peers. The challenge is to maintain and drive this success forward in a constantly evolving marketplace.

We are seeking an underwriter to join our Major Property team, focusing on middle-market commercial property (TIVs $50m - $1bn), an underserved segment and a key growth area. Initially, business will be written via the open market (at Lloyd's box), facilities, and delegated authorities, with a long-term goal to expand into digitally traded segments via APIs directly to US wholesale. Hiscox views middle-market commercial property as a significant growth opportunity, and the successful candidate will be part of this exciting journey.

Success in this role will be measured by progression from supporting to revenue-generating activities, portfolio optimization, and new business development through relationships and product innovation. If you thrive on challenges and uphold high standards, this could be the role for you.

What you'll be doing in the role

  1. Underwrite, price, and negotiate risks submitted via digital platforms or the box.
  2. Develop and maintain relationships with brokers, producers, and clients.
  3. Lead underwriting and sales initiatives to grow the portfolio.
  4. Market and sell the Hiscox brand and product offerings, promoting our risk appetite and value proposition.
  5. Contribute to refining our underwriting appetite and portfolio strategy.
  6. Review wordings and contracts.
  7. Participate in account management, portfolio development, and business planning.
  8. Conduct market and industry research.
  9. Travel to meet clients and brokers as needed.

The Candidate

We seek a highly analytical, driven, and detail-oriented individual with a passion for execution. You should be articulate, demonstrate good decision-making skills, work well under pressure and tight deadlines, and quickly understand problems to create effective solutions. Underwriting experience is desirable but not essential if you have a good understanding of risk pricing and assessment.

Our must-haves

  • Knowledge of risk pricing.
  • Strong mathematical and analytical skills; experience with catastrophe modelling and actuarial analysis is a plus.
  • Excellent oral and written communication skills.
  • Motivated team player.
  • Ability to prioritize and manage workload effectively under pressure.
  • Progress in ACII examinations or a commitment to complete them.

Nice to have

  • Experience underwriting commercial property in the London Market.
  • Degree-level education or relevant experience with strong academic results.

Diversity and flexible working at Hiscox

At Hiscox, we value our people. We hire the best and are committed to diversity and inclusion, which we believe drives success. We support flexible working arrangements and encourage discussions about flexibility with our resourcing team.

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Work with amazing people and be part of a unique culture. Job ID R0017632

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