At a Glance
- Tasks: Underwrite Energy Liability business and manage a diverse portfolio of risks.
- Company: Join Argenta Group, a leading player in the Lloyd’s market with a global presence.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic team culture focused on collaboration and creative solutions.
- Why this job: Make an impact in the energy sector while developing your underwriting skills.
- Qualifications: Experience in Energy Liability underwriting and strong relationship-building skills.
The predicted salary is between 60000 - 75000 £ per year.
About Argenta
Argenta Group is headquartered in London and has a presence in Australia, employing c.300 people globally. We are proud of our unique and rich history of trading in the Lloyd’s market, both as a Syndicate and Members’ Agency, and to be part of the Hannover Re Group. Our long-standing workforce are our greatest asset; the expertise and knowledge they bring has resulted in our successful track record and continues to shape our future growth strategy.
About the role
To underwrite Energy Liability business alongside the Unit Head of Energy Liability, to produce an acceptable and consistent return to capital providers. Working alongside the Unit Head of Energy Liability to manage and develop an existing portfolio of open market and facility Energy Liability business, including upstream, midstream and downstream risks, written both on a lead and follow basis. To act in accordance with the agreed limitations in respect of underwriting risks and within the guidelines set by the Board. Ensure that the interests of customers are taken into consideration at all times.
Key responsibilities
- Support the development and execution of the Energy Liability underwriting strategy.
- Produce and underwrite new and renewal Energy Liability business in accordance with the team’s underwriting strategy and risk appetite.
- Develop and maintain strong relationships with brokers, coverholders and cedants, proactively promoting the Energy Liability offering and identifying new business opportunities, including business travel where necessary.
- Assist the Unit Head of Energy Liability with both regular and ad hoc portfolio reporting, including monthly reports, business planning, reinsurance packs.
- Manage underwriting referrals and enquiries from existing coverholders in line with the team’s underwriting strategy and risk appetite.
- Monitor market developments, emerging risks and industry trends within the Energy Liability sector and identify opportunities for portfolio growth and product development.
- Undertake a full assessment of risks to be written, including analysis of exposures, claims, coverage, pricing adequacy, and risk quality using relevant pricing and exposure modelling tools.
- Maintain high underwriting and documentation standards and ensure compliance with internal governance requirements.
- Ensuring all relevant risks have been accurately recorded in the Open Box+ system.
- Providing guidance and support to junior team members and underwriting assistants.
- Undertake any other related duties as may be reasonably required.
Working for a regulated Company, you will be expected to perform your duties to the highest of standards, in accordance with the following Conduct Rules as specified by the FCA:
- You must act with integrity
- You must act with due care, skill and diligence
- You must be open and co-operative with the FCA, PRA and other regulators
- You must pay due regard to the interests of customers and treat them fairly
- You must observe proper standards of market conduct.
Skills and experience
- Proven track record of underwriting Energy Liability business in the London market across upstream, midstream and downstream sectors, delivering an acceptable and consistent return to capital providers.
- Thorough knowledge of Energy Liability products, coverage issues and underwriting processes within a Lloyd’s or Company Market environment.
- Strong technical underwriting, pricing and portfolio management capabilities.
- Strong interpersonal skills with the ability to build and maintain relationships with brokers, clients and stakeholders.
- ACII qualified or working towards qualification, or equivalent market experience.
- Sound understanding of Company, PRA, FCA, Lloyd's and other regulatory compliance requirements.
- Results-driven with strong commercial awareness and the ability to identify business opportunities.
- Excellent written and verbal communication skills.
- High levels of accuracy and attention to detail.
- Self-motivated with the ability to manage competing priorities and work effectively under pressure.
- Competent IT skills and experience using underwriting and portfolio management systems.
Behaviours
These five behaviours sit at the heart of how we work at Argenta:
- Supporting each other: Treat each other with dignity and respect, valuing our differences, so we can all be ourselves and achieve our goals.
- Generating creative solutions: We do not settle for things that are not right; we do not walk by, we seek creative solutions.
- Owning the delivery: We set clear objectives and deadlines; we are accountable and own the delivery end to end, knowing others will too.
- Being Committed: High performing professionals, recognising the importance of wellbeing and balance in our lives.
- Building longstanding relationships: Collaboration with our clients and those we work with is key; we work as a team to ensure the best outcomes.
Underwriter - Energy Liability in London employer: Argenta Group
Argenta Group is an exceptional employer, offering a dynamic work environment in the heart of London, where employees are valued as the company's greatest asset. With a strong focus on professional development and a commitment to fostering a collaborative culture, Argenta provides ample opportunities for growth within the energy liability sector. Employees benefit from a supportive atmosphere that encourages creativity and accountability, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter - Energy Liability in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Argenta Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Argenta Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Underwriter - Energy Liability in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Argenta Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Argenta Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Argenta Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Argenta Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Argenta Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Argenta Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
