Underwriter – Upstream Energy

vavemga; Greater London; On-site; GBP 65,000 - 100,000; Full time

Job summary

Canopius is recruiting an Upstream Energy Underwriter to join the London Natural Resources Team. You will assess risks for upstream and midstream energy clients, drive profitable growth, and maintain strong relationships with clients, brokers, and colleagues from the London office.

The role requires strong knowledge of energy underwriting, market dynamics, and the ability to develop business opportunities while adhering to underwriting guidelines to minimize risk.

Qualifications

• Experience in Energy underwriting and London insurance market.
• Ability to develop business opportunities.
• Strong communication and negotiation skills.
• Proficient with MS Office; SQL/BI knowledge preferred.
• Understanding of risk selection and regulatory standards.

Responsibilities

• Evaluate insurance risks in line with the Business Plan and personal authority.
• Foster and sustain robust connections with clients, brokers and team members.
• Establish strategic partnerships aligned with the Business Plan to drive goals.
• Adhere to underwriting guidelines to minimize risk and ensure targets.
• Assist with AI tooling adoption to improve data capture and efficiency.
• Remain aware of market dynamics and cycles to operate effectively.
• Encourage and develop team members.

Skills

Energy underwriting

London market

Business development

MS Office

Analytical skills

Negotiation skills

SQL awareness

Tools

SQL Impact

Job description

Canopius’ market leading Energy division are looking for a skilled and experienced Upstream Energy Underwriter to take on an underwriting role within the London Natural Resources Team. As an Underwriter you will play a crucial role in driving profitable growth through risk selection of new and renewal business, for a broad portfolio of global energy clients in the Upstream and Midstream sectors from the London office.

The Upstream Energy portfolio, forms part of the wider Natural Resources Team, with exposure to all areas of the Energy Value Chain, including Downstream, Power & Renewables as well as Minerals, Metals & Mining via the Heavy Industries product line.

Key Responsibilities

• Evaluate insurance risks in accordance with the Business Plan and personal authority to meet business objectives effectively.
• Foster and sustain robust connections with stakeholders, including clients, brokers, and team members, to enhance influence and support business initiatives.
• Establish strategic partnerships aligned with the Business Plan to facilitate the attainment of organizational goals.
• Adhere to the insurance strategy to minimize risk and achieve targets outlined in the business plan.
• Actively engage in shaping and refining strategies, knowledge, and best practices within the team.
• Advocate positively for the department, division, and company brand to effectively leverage brand recognition.
• Ensure compliance with all legal and regulatory standards to fulfil organizational obligations.
• Uphold underwriting guidelines, instructions, and best practices to reduce risk and improve operational efficiency.
• Remain knowledgeable about market dynamics and demonstrate awareness of market cycles to operate effectively.
• Encourage and develop team members.
• Assist with the advancement of AI Tools in process modules to increase efficiencies in the day-to-day capture of underwriting data.

Skills and experience:

• Proven experience in the Energy and London Insurance market with a good understanding of market dynamics
• Ability to develop business opportunities
• Contribute to long-term success of the overall business through business planning, organisation and development
• Confident and good communication skills to collaborate with colleagues and external stakeholders
• Strong working knowledge of MS Office (Word / Excel / PowerPoint / Power BI)
• Excellent analytical and negotiation skills
• Proficient in being able to manage single risk aggregate exposures, as well as understanding the joint venture principal in maintaining combined offshore platform aggregates. Ability to navigate SQL Impact or equivalent aggregation tool is preferable.