Energy An

Avencia Consulting are recruiting on behalf of a leading Insurer who are looking to hire a Head of Energy Transition to join.
The company is looking for a new Head of Energy Transition to advance the company's ability to support the progression towards a greener economy. Over the coming years, trillions of dollars of investment will be needed into clean energy, climate technology and carbon markets, and the demand for new insurance products to enable this will grow. The needs of existing energy clients are also evolving as these companies invest significant amounts into developing greener business models. The new Head of Energy Transition will help the business to take advantage of this emerging and substantial market opportunity. An element of the role will be underwriting a select group of Oil and Gas clients that we have identified as having clear, measurable emissions targets and we are willing to support them in their transition journey. Therefore, the role will include a renewal portfolio of Oil and Gas and also a new product line with these clients (carbon credits, hydrogen etc).
Identify clients and products which fit with the overall approach and risk appetite to narrow down the potential opportunities into priority areas
Identify specific business opportunities and filter these, proposing risks to existing underwriting teams for execution - this will involve working with all lines of business as needed, including property, energy and renewables
Evaluate opportunities to adjust existing products by building in incentives for clients to transition
Develop a more holistic approach to energy clients to supplement traditional approach, which is segmented into traditional energy and renewables
Support underwriting teams on execution and thereby participate in the underwriting process: this includes evaluation and presentation of submissions, analysing and interpreting exposures, determining coverage and contract language
Monitor market developments and remain current regarding knowledge of all relevant classes of business, including legislative and regulatory changes/requirements
Strong background in energy from an underwriting, engineering and/or advisory perspective, with minimum of 5 years' experience in this industry
Established networks and strong existing relationships in the energy industry (across corporates, underwriters, brokers, advisors, etc)
Strong interest in transition and a desire to support the achievement of net zero objectives, alongside a more general commitment to doing business sustainably
Demonstrated ability to combine technical analysis with judgment to provide insights for commercial decision-makers, while appropriately considering analytical limitations
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