Underwriting Assistant - Energy

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world.

Job Profile Summary

Working within the Energy Division, this role provides support to the Conventional Power & Renewables Team and helps to deliver its business plan.

Job Description

• Assist in the review of new and renewal risks including slip analyses, perform model-based rating and benchmarking as well as rate change analysis, and undertake premium monitoring.
• Assist in aggregation analysis in conjunction with the underwriters and/or modelling/aggregation team as appropriate, including Natural Catastrophe pricing.
• Monitor risks written and that are due for renewal by preparing and updating renewal lists, analyse brokers' pipeline reports and liaise with the underwriting team to develop effective business production targets.
• Ensure prospects logged in underwriting database and followed up.
• Prepare reports and statistical information as required by the underwriters.
• Assist with the developments and enhancements of underwriting systems where applicable, e.g. new and/or enhanced benchmarking models, etc.
• Liaise with other business areas within Chaucer as required, including credit control, claims, internal risk review, actuarial function and compliance etc.
• Liaise with Underwriting Operations team as may be required.
• Monitor PPL / e-placement platforms and liaise with underwriting team.
• Provide general assistance to underwriting team as may be required.

Regulatory Responsibilities

• Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.
• Manage the relationships with Customers, Agents and Service Providers: Advise, assist and service customers on insurance and risk matters to promote customers' satisfaction.
• Foster positive relationships with customers and attain an understanding of their needs.

Skills and Competencies

• Some relevant experience with a working knowledge of Power Generation insurance sector, including practices and procedures.
• Knowledge of the Lloyd's & / or Company Market.
• Excel - Intermediate.
• Organised and able to work to tight deadlines and manage multiple priorities.
• Able to communicate with different levels and is adaptable.
• Resilient and able to work in a pressured environment.
• Works as part of a team.

Education

• GCSE Maths grade B or above, Minimum of 5 other GCSE's grade C or above.
• Degree, preferably Engineering, Physics, Science.
• Studying towards ACII.

Why Join Chaucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk-from nuclear, shipping, manufacturing, and property. We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.

This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.

We offer:

• A flexible office hybrid work model that supports individual and team needs.
• A diverse, inclusive culture that values people for who they are.
• Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.