Underwriter, Offshore Renewables & Upstream Energy
We are looking for an Underwriter, Offshore Renewables & Upstream Energy, based in London.
Your Team
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 Impact You Will Have
Based in London and reporting 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 Allianz 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)
What You'll Bring to the Role
* Ideally ACII qualified or equivalent or working towards it.
* Solid experience as an Underwriter, Broker or in Risk Management in the Energy sector
* Ability to assess risk inherent exposures and natural hazards relevant to the Offshore Energy Line of Business
* Analyse current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
* Ability to design, develop and implement consistent, robust wordings
* Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation
* Excellent communication skills and ability to create relationships and communicate clearly at all levels and with a wide range of people
* Ability to influence and motivate others to act, without executive authority
* Excellent analytical skills
* Fluent English language skills
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.
What's in it for 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.
Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture.
People with disabilities: We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com
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