Underwriter/Senior Underwriter - Onshore Energy

Starr Underwriting; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance organization in the City Of London is seeking an experienced Underwriter for Power & Renewable Energy business. The ideal candidate will have a minimum of 5 years’ underwriting experience, strong analytical and negotiation skills, and a commitment to professional development. This role involves managing underwriting risk exposures and supporting reinsurance processes. Join a company committed to inclusivity and development, offering excellent training opportunities.

Qualifications

• Minimum 5 years’ Underwriter experience within the class of business or with a property background looking to transition to Energy.
• Up-to-date knowledge of claims to inform future underwriting decisions.

Responsibilities

• Write profitable Power & Renewable Energy business in line with underwriting plan.
• Manage underwriting risk exposures through aggregate limits and reinsurance.
• Work with Risk Engineering to assess risk quality and appetite.
• Oversight of reinsurance reporting including treaty and FAC.
• Support the renewal process of all Technical Risks Onshore Reinsurance Treaties.

Skills

Analytical and problem solving skills

Negotiation

Decision making skills

Strong numeracy skills

Professional business writing

Strong communicator

Technical coaching

Business development

Report writing

Job description

Overview

Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Roles and Responsibilities

• To write profitable Power & Renewable Energy business in line with the underwriting plan, using professional judgement to achieve the target premium revenue, return on premium and business growth;
• To manage underwriting risk exposures through aggregate limits and reinsurance, examine departmental practices and procedures with a view to delivering efficiencies and provide support to CUO including updating and regular maintenance of the underwriting manual;
• Work with Risk Engineering to assess risk quality and appetite for Power & Renewable Energy risks;
• Oversight of reinsurance reporting including treaty and FAC, collection of reinsurance, consortium fees and profit commissions plus oversight of Credit Control function and reporting;
• Support the renewal process of all Technical Risks Onshore Reinsurance Treaties as well as involvement in strategic initiative planning, implementation and monitoring. Combined with maintaining Minimum Underwriting Standards – (Lloyds interface) and coordinate and assist in monthly production updates and provide all ad-hoc assistance including projects.

Experience Required

• Minimum 5 years’ Underwriter experience within the class of business or with a property background looking to transition to Energy;
• Up-to-date knowledge of claims to inform future underwriting decisions.

Skills

• Analytical and problem solving skills;
• Negotiation, judgment and decision making skills;
• Strong numeracy skills;
• Professional business writing and presentation skills;
• Strong communicator, both written and oral;
• Technical coaching;
• Business development; and
• Report writing.

Starr is an equal opportunity employer, which means we\'ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we\'re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.