At a Glance
- Tasks: Join our team to underwrite and manage middle market commercial property risks.
- Company: Hiscox, a leading insurance company with a strong market presence.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Why this job: Be part of an exciting growth journey in the property insurance sector.
- Qualifications: Strong relationship management skills and a proactive learning attitude.
- Other info: Opportunity to thrive in a supportive team and develop your underwriting expertise.
The predicted salary is between 36000 - 60000 £ per year.
Build a brilliant future with Hiscox.
About the team / division
Hiscox London Market has an exciting future. In the Property Division, our team of over twenty-seven 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 market place.
We are looking for an underwriter to join our Major Property team, focussing on writing middle market commercial property (TIVs $50m - $1bn), currently an underserved segment of our property portfolio and a key growth opportunity going forwards. Initially, business will be written via the open market (at the box in Lloyd’s), facilities and delegated authorities, with a longer-term ambition to add a digitally traded segment targeting ‘core’ and profitable occupancies and writing via APIs direct to US wholesale. Hiscox see middle market commercial property as a significant profitable growth opportunity and the successful candidate will be joining a team on the outset of this exciting journey.
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
We are looking for an associate underwriter to join our underwriting team in London. This is a new role and will report directly into the Line Underwriter.
The key to success in this role will be strong relationship management, proactive approach to learning and showing initiative to support other underwriters in the team. You will need to thrive in a team environment and be able to demonstrate your enthusiasm in developing your property and underwriting knowledge.
What you’ll be doing:
- Deliver underwriting performance in line with the budget.
- Develop relationships and maintain existing relationships.
- Support your underwriting team with managing their pipeline of risks and providing pre-underwriting support.
- Learn to underwrite (within authority), price and negotiate accounts in a high volume environment consistent with the quality of the risk and according to the Middle Market strategy.
Associate Underwriter employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Underwriter
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant groups. Building relationships can open doors to opportunities that aren’t even advertised.
✨Tip Number 2
Be proactive in your job search. Don’t just wait for roles to pop up on job boards; reach out directly to companies you admire, like Hiscox. A friendly email expressing your interest can go a long way!
✨Tip Number 3
Prepare for interviews by researching the company and its culture. Understand their approach to underwriting and be ready to discuss how you can contribute to their goals. Show them you’re not just another candidate!
✨Tip Number 4
Apply through our website for the best chance of landing that Associate Underwriter role. We love seeing candidates who take the initiative to engage with us directly. Let’s build a brilliant future together!
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Associate Underwriter role. Highlight relevant experience and skills that match the job description, especially in property and underwriting. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your enthusiasm for the role and the company. Share specific examples of how your background aligns with our goals at Hiscox, particularly in developing relationships and supporting underwriting.
Showcase Your Team Spirit: Since this role thrives in a team environment, make sure to highlight any collaborative experiences you've had. We love seeing candidates who can work well with others and support their teammates, so let us know how you’ve done this in the past!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, it shows you’re serious about joining our team at Hiscox!
How to prepare for a job interview at Hiscox
✨Know Your Stuff
Make sure you brush up on your knowledge of property underwriting and the specific challenges in the middle market. Familiarise yourself with Hiscox's approach to risk and their current portfolio. This will show that you're genuinely interested and ready to contribute.
✨Show Your Team Spirit
Since this role emphasises teamwork, be prepared to discuss examples of how you've successfully collaborated in the past. Highlight your ability to support others and how you thrive in a team environment. This will resonate well with the interviewers.
✨Ask Smart Questions
Prepare insightful questions about the Major Property team and their strategies for growth. This not only demonstrates your interest but also shows that you're thinking ahead about how you can fit into their plans and contribute to their success.
✨Demonstrate Initiative
Be ready to talk about times when you've taken the initiative to learn something new or improve a process. Hiscox values proactive learners, so sharing your experiences will help you stand out as a candidate who is eager to grow and adapt.