Energy Underwriter

1 day ago

London, Greater London, United Kingdom Swiss Re Full time

About the Role

We are seeking an ambitious and trustworthy Energy Underwriter to join our successful team in the London Insurance market. As a critical part of our small and specialized team, you will be focused on profitable underwriting of Offshore Energy risks and supporting the wider energy industry on its transition path to a more sustainable future.

Key Responsibilities

  • Support the Offshore Energy Underwriting team in delivering a high-quality client service by taking ownership of operational functions.
  • Learn to undertake responsibility for internal processing of risks and working with Underwriters to ensure accurate recording of data.
  • Build strong relationships with the wider Energy Underwriting teams across London and Zurich, including Products, Risk Engineering, Claims, and Actuaries.
  • Record all new business, renewals, quotes, and declinatures.
  • Provide assistance to Underwriters with all administrative duties, including pre-underwriting.
  • Collaborate closely with brokers and external stakeholders, including attending client/broker meetings and negotiating terms.
  • Work within Swiss Re guidelines, paying close attention to ESG risk framework and implementing this into our portfolio.
  • Pre-underwriting work will include analysis of Offshore coverages, including Property Damage, Control of Well, Loss of Production Income, and CAR exposures, as well as associated wordings, premium, and technical insurability of these risks.

About the Team

We are a small, centralized, and specialist underwriting team based in London, reporting into the wider Global Energy division, with stakeholders located in Zurich, Houston, and Singapore, with a Global portfolio. Our target customers include Exploration & Production and Drilling Contractors for their operational property damage and business interruption needs. The product offering includes US Gulf of Mexico Named Windstorm coverage, Offshore Construction, and Third Party Liabilities.

About You

We are looking for an enthusiastic team player who is keen to build a career in Energy underwriting with an interest in the global energy transition. To be successful, you need to have good interpersonal and communication skills, as well as strong organizational and time management capabilities. This role requires a fast learner who approaches problems with curiosity and open-mindedness.

  • Minimum A-level standard (or equivalent).
  • Minimum of 2 years' experience in Commercial Insurance is preferred but not essential.
  • Proficiency in Microsoft Office.
  • Progression to ACII would be useful, but not essential.
  • Ability to constantly prioritize tasks.

About Swiss Re Corporate Solutions

Swiss Re is one of the world's leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

We are committed to building an inclusive culture that encourages fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally, regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought, or other characteristics.

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