At a Glance
- Tasks: Underwrite and develop Marine & Energy Liability business while building strong broker relationships.
- Company: Join Tokio Marine HCC, a leading Specialty Insurer with a dynamic culture.
- Benefits: Competitive salary, employee benefits, and opportunities for professional growth.
- Other info: Hybrid working model with a focus on career development and mentorship.
- Why this job: Make an impact in the Energy sector and work with a collaborative team.
- Qualifications: Five years' experience in Energy Liability underwriting and strong analytical skills.
The predicted salary is between 60750 - 74250 £ per year.
Department: Marine & Energy Liability
Location: City of London
Reporting to: Head of Marine and Energy Liability
Direct Reports: None
Position Type: Perm
Working Arrangement: Hybrid – 3 days in the office
Overview:
Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose:
To play a key role in the profitable development and management of the Marine & Energy Liability (MEL) portfolio, with a particular focus on Energy Liability. The Senior Underwriter will underwrite and develop new and existing business, contribute to portfolio strategy and Business Plan delivery, and build strong relationships with brokers, clients and internal stakeholders. The role requires strong technical underwriting judgement, commercial awareness and the ability to identify and develop profitable opportunities across the Energy sector.
Key Responsibilities:
- Underwrite new and renewal MEL business through Lloyd’s and the Company, within agreed authority, underwriting guidelines and the Business Plan.
- Take a leading role in underwriting and developing Energy Liability business, including Upstream, Midstream, Downstream, Power, Renewables, Drilling & Services Contractors and Onshore/Offshore Construction.
- Assess and price complex risks, including exposures, loss experience, contractual arrangements, policy coverage and appropriate terms and conditions.
- Contribute to the development and implementation of the MEL underwriting strategy and Business Plan, with a focus on sustainable profitability and portfolio balance.
- Undertake account and portfolio performance analysis, identifying trends, emerging exposures and areas requiring underwriting action.
- Proactively develop new and existing broker relationships and identify profitable new business opportunities.
- Represent and promote the business with brokers, clients and other internal and external stakeholders.
- Present risks at Peer Review and contribute to technical underwriting discussions across the division.
- Work collaboratively with Claims, Actuarial, Exposure Management and other functions to support effective underwriting and portfolio management.
- Support the training, mentoring and development of junior members of the team.
- Maintain high underwriting and file-management standards and ensure compliance with applicable legal, regulatory and governance requirements.
- Remain current with market, legal and industry developments affecting Marine & Energy Liability, particularly developments across the Energy sector.
Skills and Experience Specification:
Essential:
- Ideally five years’+ relevant Energy Liability underwriting experience with a strong understanding of the Lloyd’s and international (re)insurance markets.
- Strong technical knowledge of Energy Liability, including relevant exposures, pricing methodologies, contractual considerations and policy coverages.
- Broad understanding of Energy segments including Upstream, Midstream, Downstream, Power, Renewables, Drilling & Services Contractors and Onshore/Offshore Construction.
- Knowledge of both North American and International business and relevant market networks.
- Strong broker relationships with the ability to develop and originate new business.
- Sound commercial judgement, negotiation and underwriting decision-making skills.
- Good understanding of legal and contractual concepts relevant to liability underwriting.
- Experience with electronic trading platforms including PPL and/or Whitespace.
- Degree educated or equivalent experience.
- Strong numerical, analytical and account performance analysis skills.
- Excellent written and verbal communication and presentation skills.
- Strong relationship-building and negotiation capabilities.
- Collaborative team player with the ability to mentor and develop junior colleagues.
- Proficient in Microsoft Office, particularly Excel; Power BI experience advantageous.
Desirable:
- Fluency in additional languages advantageous.
- Experience of Marine Liability underwriting would be desirable to provide cover to the wider team when required.
- ACII qualified, working towards ACII or equivalent qualification advantageous but not essential.
What We Offer:
The Tokio Marine HCC Group of Companies offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer.
Senior Energy Liability Underwriter employer: Tokio Marine HCC
At Tokio Marine HCC, we pride ourselves on being a leading Specialty Insurer that values empowerment, innovation, and growth. Our London office fosters a dynamic work culture with hybrid working options, competitive salaries, and comprehensive employee benefits, ensuring that our team members thrive both personally and professionally. Join us to make a meaningful impact in the Financial Crime team while enjoying ample opportunities for career development in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Energy Liability Underwriter
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
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✨Look Out for Graduate Schemes
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Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Tokio Marine HCC. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Senior Energy Liability Underwriter
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Tokio Marine HCC.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Tokio Marine HCC. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Tokio Marine HCC to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Tokio Marine HCC, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Tokio Marine HCC's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
