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For Companies At a Glance
- Tasks: Join a top underwriting team and analyse diverse reinsurance risks.
- Company: Hiscox, a leader in innovative reinsurance solutions.
- Benefits: Great employee benefits for mental and physical wellbeing.
- Why this job: Build a brilliant future while working with amazing people.
- Qualifications: 3-7 years in (re)insurance, strong analytical and communication skills.
- Other info: Unique company culture with opportunities for career growth.
The predicted salary is between 36000 - 60000 £ per year.
Build a brilliant future with Hiscox.
About Hiscox Re & ILS:
We are located in Bermuda and London and underwrite reinsurance risks from around the world on behalf of our own and partner capital. Our team of over 100 smart and enthusiastic individuals are committed to providing top quality service to brokers and clients across a broad range of reinsurance products. We protect our clients' assets against natural and man-made disasters, covering everything from earthquake and hurricane damage to cyber events, financial risks and terror attacks around the world. Our approach is simple; match the best underwriting risk against globally diversified capital. Our proactive, product-led underwriting approach is complemented by a commitment to world class service through purpose-built analytics and systems. We know our people are our biggest asset so finding and retaining the best talent is a priority.
About the North American Reinsurance team:
Our team operates across our London and Bermuda platforms, writing a range of Property Treaty reinsurance products for clients in North America. We are a market leader and with this comes the need for product innovation, excellent client and broker service and the ability to deploy meaningful capacity. We strive to create the best tools for analysing the various lines we write to ensure strong returns on capital. Our team has an ambition to build the portfolio going forward, both within and outside our existing areas of expertise. This will require our underwriters to demonstrate an adaptable mindset, strong analytical capabilities, a commercial approach and an entrepreneurial attitude.
The opportunity:
The (Senior) Underwriter role presents a significant opportunity to build a career in a top underwriting team. You will help continue to build Hiscox's position as a market leader in Property Reinsurance in North America. To do so, you will need a full grasp of the fundamentals and be capable of applying the same irrespective of the nature of the risk before you. Moreover, you will need established links to the broking and underwriting communities which you can nurture to create opportunities for the North American portfolio. The individual should have the intellectual flexibility to take sound and rational decisions on all types of risk.
What we're looking for:
- A highly regarded (re)insurance professional with 3-7 years' experience, preferably in underwriting, broking or cat modelling.
- A strategic mindset to enable an active role in setting the direction of the North America portfolio at Hiscox Re for the future.
- Evidence of the required technical aptitude to analyse, critique and improve actuarial and catastrophe modelling outputs.
- A successful track record of constructing and managing a balanced and diversified portfolio across multiple geographies, clients, brokers and lines of business.
- A firm grasp of reinsurance underwriting principles, risk selection, pricing methodologies and treaty structuring for both proportional and non-proportional products.
- Familiarity with catastrophe modelling tools (e.g. RMS, AIR and internal bespoke models).
- Prior experience working with third party capital would be an advantage.
- Proficiency in statistical analysis and comfort working with data analytics platforms (e.g. Excel, SQL, R, Python).
- A proven team player.
- Strong communicator.
Work with amazing people and be part of a unique culture. If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.
Senior Underwriter in England employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter in England
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and reinsurance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself to potential employers. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by researching Hiscox and understanding their approach to underwriting. Familiarise yourself with their products and recent news. This will show that you’re genuinely interested and ready to contribute to their team.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss your experience with catastrophe modelling tools and data analytics. Bring examples of how you've used these skills to make sound decisions in past roles.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re keen on joining our unique culture at Hiscox. Don’t miss out on this opportunity!
We think you need these skills to ace Senior Underwriter in England
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your relevant experience in underwriting, broking, or cat modelling, and don’t forget to showcase your analytical skills and strategic mindset.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for our North American Reinsurance team. Mention specific experiences that demonstrate your ability to manage a diversified portfolio and your familiarity with catastrophe modelling tools.
Showcase Your Communication Skills: As a Senior Underwriter, strong communication is key. In your application, make sure to highlight instances where you've successfully collaborated with teams or communicated complex ideas to clients and brokers.
Apply Through Our Website: We encourage you to apply through our website for the best chance of success. It’s the easiest way for us to keep track of your application and ensure it gets the attention it deserves!
How to prepare for a job interview at Hiscox
✨Know Your Numbers
As a Senior Underwriter, you'll need to demonstrate your analytical skills. Brush up on your understanding of reinsurance principles, risk selection, and pricing methodologies. Be ready to discuss specific examples from your past experience where you successfully managed a diversified portfolio.
✨Showcase Your Connections
Having established links within the broking and underwriting communities is crucial. Prepare to talk about your network and how you've nurtured these relationships to create opportunities. This will show that you can bring value to the North American portfolio.
✨Be Ready for Technical Questions
Expect questions about catastrophe modelling tools like RMS or AIR. Familiarise yourself with these tools and be prepared to discuss how you've used them in your previous roles. Highlight your proficiency in data analytics platforms like Excel, SQL, R, or Python.
✨Demonstrate Your Strategic Mindset
The role requires a strategic approach to setting the direction of the North America portfolio. Think about how you can contribute to product innovation and client service. Prepare to share your thoughts on future trends in the reinsurance market and how you would adapt to them.
