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For Companies At a Glance
- Tasks: Join a top underwriting team and analyse diverse reinsurance risks.
- Company: Hiscox Re, a market leader in Property Reinsurance.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Why this job: Make an impact in a leading firm while developing your skills.
- Qualifications: 3-7 years in (re)insurance with strong analytical and communication skills.
- Other info: Opportunity to work with innovative tools and a collaborative team.
The predicted salary is between 36000 - 60000 £ per year.
Job Type: Permanent
Reports to: Head of North America
Location: London
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.
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.
Senior Underwriter employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance world, especially those in underwriting and broking. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Show off your skills! Prepare a portfolio or case studies that highlight your analytical capabilities and successful projects. This will give you an edge during interviews and show you mean business.
✨Tip Number 3
Stay updated on industry trends! Read up on the latest in catastrophe modelling and risk management. Being knowledgeable about current events can spark great conversations with potential employers.
✨Tip Number 4
Apply through our website! We love seeing applications directly from candidates who are genuinely interested in joining our team. It shows initiative and enthusiasm, which we value highly.
We think you need these skills to ace Senior Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in underwriting, broking, or cat modelling, and don’t forget to showcase your analytical skills and strategic mindset. We want to see how you can contribute to our North American portfolio!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role and how your background aligns with our mission at Hiscox. Be sure to mention any established links you have in the broking and underwriting communities.
Showcase Your Technical Skills: We’re looking for someone with a strong grasp of reinsurance principles and familiarity with catastrophe modelling tools. Make sure to highlight your proficiency in statistical analysis and any experience with data analytics platforms like Excel, SQL, R, or Python in your application.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at Hiscox
✨Know Your Underwriting Fundamentals
Make sure you brush up on your reinsurance underwriting principles, risk selection, and pricing methodologies. Being able to discuss these topics confidently will show that you have a solid grasp of the fundamentals, which is crucial for a Senior Underwriter role.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical capabilities by discussing past experiences where you've successfully used catastrophe modelling tools or data analytics platforms. Be ready to explain how you’ve applied statistical analysis in real-world scenarios, as this will highlight your technical aptitude.
✨Build Connections with Brokers
Since the role requires established links to the broking community, think about how you can leverage your network. Be prepared to talk about your previous collaborations with brokers and how you nurtured those relationships to create opportunities in your past roles.
✨Exhibit Your Strategic Mindset
The interviewers will be looking for someone who can contribute to setting the direction of the North America portfolio. Prepare to discuss your strategic approach to managing a diversified portfolio and how you would apply that thinking at Hiscox Re.
