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For Companies At a Glance
- Tasks: Underwrite and negotiate risks while building strong relationships with brokers and clients.
- Company: Join Hiscox, a leading name in the insurance market with a dynamic team.
- Benefits: Enjoy a competitive salary, career growth, and a supportive work environment.
- Why this job: Be part of a high-performing team driving innovation in the insurance industry.
- Qualifications: Experience in underwriting and strong communication skills are essential.
- Other info: Exciting opportunities for professional development in a fast-paced market.
The predicted salary is between 36000 - 60000 £ per year.
Hiscox London Market has an exciting future. In the Property Division, our team of underwriters and analysts focus on Property & Alternative Risk lines written within London Market. Methods of placement range from direct and facultative, shared and layered open market placements, to binders and line slips, both digital and traditional.
Expectations are high, but the team enjoy a well-established, lead market position and have an excellent track record of outperforming our peers – the challenge will be not just to maintain this, but to drive it forward in an ever-evolving marketplace.
We are looking for a senior underwriter to join our Major Property team, historically a significant revenue and profit generator and one of the core short tail lines of business within Hiscox. The team are responsible for the direct and facultative book. The strategy for the Major Property portfolio is to build upon a profitable, enviable, core book of clients. Dependent on market conditions, we actively manage the size of this portfolio matching our exposures to the current market opportunity.
Success will be measured by progressing from a supporting role into generating revenue, optimising the portfolio and developing new business both through relationships and product development. If you like a challenge and work to high standards, this could be the role for you.
The Role
- Underwrite, price and negotiate risks submitted via the box or e-trading systems.
- Lead, develop and maintain relations with brokers, producers and clients.
- Lead underwriting and sales initiatives to grow the portfolio profitably.
- Position yourself and Hiscox as the go-to market for Major Property in Lloyd’s.
- Marketing and sales of the Hiscox brand and product offerings, pitching our risk appetite and value proposition.
- Contribute to the development of our underwriting appetite and help refine the portfolio strategy.
- Wordings and contract review.
Underwriter in London employer: Hiscox SA
Contact Detail:
Hiscox SA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter in London
✨Tip Number 1
Networking is key! Get out there and connect with industry professionals on LinkedIn or at events. We can’t stress enough how a personal connection can make all the difference when it comes to landing that underwriter role.
✨Tip Number 2
Prepare for interviews like a pro! Research Hiscox, understand their values, and be ready to discuss how your experience aligns with their goals. We want you to shine and show them why you’re the perfect fit for their Major Property team.
✨Tip Number 3
Don’t just wait for job postings; reach out directly! If you see a potential opportunity at Hiscox, send a message expressing your interest. We love proactive candidates who take the initiative to stand out from the crowd.
✨Tip Number 4
Utilise our website to apply! It’s the best way to ensure your application gets noticed. We’ve designed it to streamline the process, so don’t miss out on the chance to showcase your skills and passion for underwriting.
We think you need these skills to ace Underwriter in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter role. Highlight relevant experience in underwriting, pricing, and negotiating risks. We want to see how your skills align with our needs at Hiscox!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the Major Property team and how you can contribute to our success. Keep it engaging and personal – we love a good story!
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Quantify your successes where possible, like revenue generated or portfolios managed. This helps us see the impact you've made in previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smooth application process. It’s the best way for us to receive your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at Hiscox SA
✨Know Your Numbers
As an underwriter, you'll need to demonstrate your understanding of risk assessment and pricing. Brush up on key metrics and be ready to discuss how you evaluate risks and make pricing decisions. This shows that you’re not just familiar with the role but also have a strategic mindset.
✨Build Rapport with Brokers
Since relationship management is crucial in this role, think about how you can connect with brokers and clients during the interview. Prepare examples of how you've successfully built relationships in the past, and be ready to discuss your approach to maintaining those connections.
✨Showcase Your Market Knowledge
Stay updated on current trends in the property market and be prepared to discuss how these might impact Hiscox's strategy. This will not only show your enthusiasm for the role but also your proactive approach to understanding the industry landscape.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your decision-making skills. Think through potential underwriting challenges and how you would handle them. This will help you demonstrate your problem-solving abilities and readiness to tackle real-world situations.
