Underwriter (m/f/d) Offshore Energy, Natural Resources

This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.

We are looking for an Underwriter - Offshore Energy, based in London.

Your Team

The Offshore Energy Team is part of the wider Natural Resources Team in London. Our team of 22 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 customer interaction.

The Impact You Will Have

As an Underwriter reporting to the Regional Head of Offshore Energy, you will play a pivotal role in shaping the success of our Natural Resources division. By focusing on Upstream and Offshore Renewable Energy risks, you will contribute to achieving profitable new and renewal business, meeting Line of Business targets both regionally and globally. Your efforts will drive the development of a customer-centric culture at Allianz Commercial ensuring that we deliver exceptional value and service to our clients. Working within a global matrix organization, your impact will extend beyond regional boundaries, fostering collaboration and innovation across teams and markets. You will be instrumental in advancing our strategic objectives and enhancing our position in the energy sector.

Some of your specific responsibilities could include:

• You will underwrite large new and renewal accounts to achieve top and bottom-line targets, both regionally and globally.
• You will grow the Upstream and Offshore Renewables portfolio, increasing our presence in these markets.
• You will negotiate participation, pricing, and terms and conditions with brokers, and proactively manage capacity.
• You will underwrite in accordance with the Line of Business governance framework, including Underwriting Authorities and Guidelines.
• You will ensure contract certainty is achieved for all accounts at the time of inception.
• You will ensure accurate policy documentation is issued to brokers, maintaining responsibility where applicable.
• You will contribute to the development and execution of the regional underwriting strategy for the Line of Business.
• You will train, develop, and coach less experienced staff, including Underwriters.
• You will positively represent Allianz Commercial externally to the market with key brokers and distribution channels.

What You'll Bring to the Role

• You have experience in underwriting successful business in the Upstream or Offshore Renewables market, with a good understanding of sub-Line of Business products and portfolios.
• You have established relationships with brokers at the peer group level and are well-connected within the market.
• You have a clear understanding of regional and local insurance markets and the competitive landscape, including global aspects.
• You have a good understanding of the legal and regulatory framework.
• You have the ability to assess risks and manage exposures relevant to the Line of Business.
• You have the skills to draft and interpret contracts, ensuring consistent and effective wordings.
• You have strong analytical skills to work with complex data from various sources, identifying and addressing issues proactively.
• You have the ability to influence and motivate others to take action, even without executive authority.
• The ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making is valuable.

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.

Care to join us? Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. Join us. Let's care for tomorrow.

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.

Recruitment Agencies: Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.