Renewable Energy Underwriter

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

What Is the Opportunity?

We are looking for an Onshore Renewable Energy Underwriter to join our successful Renewable Energy Underwriting team in London. You will be responsible for supporting the management of the book's profitability by underwriting and processing new business, renewals and mid-term adjustments and monitoring rate adequacy.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full-time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

What Will You Do?

• Support the overall profitability, growth and retention of the Line of Business and consistency of all related underwriting initiatives.
• Ensure that business is written in accordance with the Company's policies, procedures and controls (including audit requirements) at all times, and adheres to Lloyds Underwriting Management Standards.
• Support the development of assigned Line of Business and services such as researching and identifying target business, competitor information, industry and economic factors across the business.
• Utilise appropriate systems to accurately enter quotes, risks and endorsements, ensuring correct management, statistical and regulatory reporting.
• May gather data and prepare reports to support the professional execution of corporate/business underwriting policies/standards.
• Monitor market factors and world affairs as part of research and development of new opportunities.
• Promote Travelers Line of Business, distribution strategy and philosophy and provide guidance on the Company’s underwriting philosophy, procedures and requirements by building strong partnerships with Agents, Brokers and Customers.
• Provide guidance, mentoring and coaching to others as appropriate.

Each individual has responsibility for:

• Acting in accordance with Travelers Companies' Code of Business Conduct and Ethics, Business Excellence Policy and all HR policies and procedures.
• Delivering high quality service to brokers and customers in line with our service standards.
• Complying with all legal, insurance, regulatory, Lloyd's and Sarbanes Oxley rules and guidelines.
• Acting at all times in compliance with the Treating Customers Fairly outcomes.
• Working as a team with colleagues within the Company and the Enterprise.
• Developing strong relationships with our key supporting brokers and customers and all other key external stakeholders.
• Adhering to the Company's policies and procedures.
• Keeping adequate records of all transactions undertaken with brokers, customers, and all other parties.
• Continually looking for improvement both from a personal and business perspective.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

• Experience within the Lloyd's market preferred, with a basic understanding of the internal and external factors which impact the market.
• Underwriting experience preferred.
• Degree preferred.
• Able to demonstrate emerging technical proficiency and application of knowledge commensurate to your underwriting authority.
• Able to make sound quoting and pricing decisions that are in the Company’s best interests.
• Intermediate knowledge and ability in respect of judgment, decision making, communication and strong teamwork.
• Demonstrates Intermediate knowledge and experience in respect of Relationship Management.
• Demonstrates Intermediate knowledge and experience in respect of Analytical Thinking/Financial Acumen.
• Utilises understanding of finance and accounting principles to identify the impact of responsible underwriting decisions on the overall profitability of the business.
• Demonstrates Intermediate knowledge and experience in respect of Product/Technical.
• Demonstrates Intermediate knowledge and experience in respect of Business Perspective.
• Expected to be studying towards ACII qualification.

What is a Must Have?

• Previous Property and Casualty insurance experience in either an underwriting, operational or broker capacity.
• Secondary level education or equivalent required.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.