Underwriter - Power & Utilities

Travelers; Greater London; Hybrid; GBP 50,000 - 75,000; Full time

Job summary

A leading insurance provider is seeking a Power & Utilities Underwriter in London. This role involves driving profitability and making critical underwriting decisions. The ideal candidate should have experience within the Lloyd's market and be pursuing ACII qualification. The position offers a hybrid work model and competitive benefits including private medical insurance and pension contributions.

Benefits

Private Medical Insurance

Retirement contributions

Minimum 25 days holiday entitlement

Wellness Programme

Volunteer Encouragement

Qualifications

• Experience in the Lloyd's market, understanding industry factors.
• Able to make sound quoting and pricing decisions.
• Expected to be studying towards ACII qualification.

Responsibilities

• Drive profitability in the Power & Utilities sector.
• Ensure underwriting compliance with company standards.
• Support business growth and retention in the line of business.
• Monitor market factors and develop new opportunities.

Skills

Experience within the Lloyd's market

Underwriting experience

Analytical Thinking

Communication

Teamwork

Communication skills

Technical proficiency

Financial acumen

Education

University Degree

Secondary level education or equivalent

Job description

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honouring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Underwriting | Target Openings: 1

What Is the Opportunity?

We are looking for a Power & Utilities Underwriter to join our Lloyds team in London. You'll take charge of driving profitability in this specialised sector, working closely with colleagues to make critical decisions on new business opportunities, renewals, and policy adjustments while ensuring optimal rate adequacy across your entire portfolio. This role offers the perfect blend of analytical challenge and strategic impact, where your expertise will directly influence the success of our Power & Utilities line of business.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full‑time employees working three days a week in the office and two days at home (or pro rata for part‑time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

• Support the overall profitability, growth and retention of the Line of Business and consistency of all related underwriting initiatives.
• Ensure that business is written in accordance with the Company’s policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards ensuring business is only accepted in accordance with: individual underwriting authority and, where relevant, with approval under the Lloyds Individual Registration Byelaw.
• Adhere to the Unit’s business plan for the relevant year.
• Support the development of the assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, so as to ensure correct management, statistical and regulatory reporting.
• Gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
• Monitor market factors and world affairs as part of research and development of new opportunities.
• Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company’s underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
• Provide guidance, mentoring and coaching to others as appropriate.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Experience within the Lloyd’s market, with a basic understanding of the internal and external factors which impact the market.
• Underwriting experience.
• University Degree.
• Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority.
• Able to make sound quoting and pricing decisions that are in the Company’s best interests.
• Intermediate knowledge and ability in respect of judgment, decision making, communication and strong teamwork.
• Demonstrates intermediate knowledge and experience in respect of Relationship Management: seeks out, builds, fosters and maintains productive relationships or alliances to meet goals and achieve objectives.
• Demonstrates intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen: identifies current or future problems or opportunities, analyses, synthesises and compares information to understand issues, identifies cause/effect relationships, and explores alternatives to support sound decision making.
• Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
• Demonstrates intermediate knowledge and experience in respect of Product/Technical: demonstrates technical proficiency and application of knowledge commensurate to his/her underwriting authority.
• Demonstrates intermediate knowledge and experience in respect of Business Perspective: uses knowledge of internal and external factors that impact the Lloyd’s Market to make decisions.
• Expected to be studying towards ACII qualification.

What is a Must Have?

• Previous Property and Casualty insurance experience in either an underwriting, operational or broker capacity.
• Secondary level education or equivalent.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counselling services and other resources that support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognise that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programmes please visit http://careers.travelers.com/life-at-travelers/benefits/.