Senior Underwriter, Offshore Renewables & Upstream Energy

The Offshore Renewables and Upstream Energy Team is part of the wider Natural Resources & Construction Team in London. The risks covered are both the operational and construction of Offshore Renewables and Upstream Energy assets. Our team is committed to providing an environment where you will have a sense of belonging whilst continuing to develop your skills and gain experience within one of the most respected insurance companies globally. The culture of the team as a whole and those within it are extremely important. Our culture is truly global and diverse. We strive to provide our customers with excellent product expertise and services. With the focus on digitalization, we create efficiency and improve the customers interaction.

The Impact You Will Have
Based in London and reporting directly to the Regional Head, you will be expected to underwrite profitable new and renewal business to meet the business targets encompassing Offshore Renewables and Upstream Energy. You will also be negotiating participation, pricing and terms and conditions. You will be expected to take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.

Some of your specific responsibilities could include:

• Underwrite new and renewal accounts to meet top and bottom line targets


• Negotiate participation, pricing and terms and conditions with brokers


• Proactively manage exposure and capacity


• Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios


• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)


• Proactively liaise with Market Management & Distribution (MMC) on market management initiatives


• Positively represent Allian Commercial externally to the market


• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)


• Training, developing and coaching of less experienced staff (including Junior Underwriters, Operations and Credit Control)
  
  Ideally ACII qualified or equivalent or working towards it.


• Solid experience as an Underwriter, Broker or in Risk Management in the Energy sector


• Risk Assessment and Management: ability to assess risk inherent exposures and natural hazards relevant to the Offshore Energy Line of Business


• Pricing and Market management: analyse current performance against benchmarks applying how the market operates and functions, the business needs and customer needs


• Contract Drafting and Interpretation: design, develop and implement consistent, robust wordings


• Policy Management: robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.


• Communication skills: clearly and effectively express ideas and messages via speech or writing. Ability to create relationships and communicate clearly at all levels and with a wide range of people


• Influencing skills: ability to persuade and motivate others to act, without executive authority


• Analytical Skills: ability to effectively absorb information from various sources, then analyse, study or examine data in detail, and draw appropriate conclusions.


• Fluent English language skills
  
  Whether it's aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses., Allianz Commercial is the Allianz Group brand serving the world's largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations' economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.


As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

56013 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

What's in it for you?

Let's care about everything that makes you, you
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let's care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let's care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let's care for life's twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let's care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.