At a Glance
- Tasks: Write profitable Power & Renewable Energy business and manage underwriting risks.
- Company: Join a leading global insurance organisation with a rich history since 1919.
- Benefits: First-class training, inclusive environment, and opportunities for career growth.
- Other info: Diverse workplace committed to merit-based development.
- Why this job: Make an impact in the energy sector while developing your professional skills.
- Qualifications: 5+ years of underwriting experience and strong analytical skills.
The predicted salary is between 55000 - 70000 £ per year.
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world. Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Roles and Responsibilities
- To write profitable Power & Renewable Energy business in line with the underwriting plan, using professional judgement to achieve the target premium revenue, return on premium and business growth;
- To manage underwriting risk exposures through aggregate limits and reinsurance, examine departmental practices and procedures with a view to delivering efficiencies and provide support to CUO including updating and regular maintenance of the underwriting manual;
- Work with Risk Engineering to assess risk quality and appetite for Power & Renewable Energy risks;
- Oversight of reinsurance reporting including treaty and FAC, collection of reinsurance, consortium fees and profit commissions plus oversight of Credit Control function and reporting;
- Support the renewal process of all Technical Risks Onshore Reinsurance Treaties as well as involvement in strategic initiative planning, implementation and monitoring;
- Maintain Minimum Underwriting Standards – (Lloyds interface) and coordinate and assist in monthly production updates and provide all ad-hoc assistance including projects.
Experience Required
- Minimum 5 years’ Underwriter experience within the class of business or with a property background looking to transition to Energy;
- Up-to-date knowledge of claims to inform future underwriting decisions.
Skills
- Analytical and problem solving skills;
- Negotiation, judgment and decision making skills;
- Strong numeracy skills;
- Professional business writing and presentation skills;
- Strong communicator, both written and oral;
- Technical coaching;
- Business development;
- Report writing.
Starr is an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Underwriter/Senior Underwriter - Onshore Energy in London employer: Dormont Manufacturing Co
Starr Insurance Companies is an exceptional employer, offering a dynamic work environment that fosters professional growth and development in the rapidly evolving field of Onshore Energy underwriting. With a commitment to inclusivity and merit-based recruitment, employees benefit from first-class training opportunities and a culture that encourages innovation and collaboration. Located in a global hub, our team enjoys the unique advantage of working within a leading insurance organisation that operates across 128 countries, providing a truly international perspective on the industry.
