Principal Underwriting Manager

3 weeks ago


London, Greater London, United Kingdom Hiscox Full time
Job Title: Principal Underwriting Manager

An exciting opportunity has arisen for a skilled and experienced underwriter to join Hiscox Re & ILS as a Principal Underwriting Manager. This role is perfect for an individual who is passionate about delivering results and is looking to take their career to the next level.

About Us:

Hiscox Re & ILS is the reinsurance and insurance-linked strategy (ILS) business unit within Hiscox Group. Our team of circa 150 curious and collaborative individuals are committed to providing top-quality service to brokers, clients, quota share partners, and ILS investors through an innovative range of reinsurance products and third-party capital opportunities.

Key Responsibilities:
  • Underwrite a portfolio of US accounts with a focus on delivering commercial and strategic decisions.
  • Develop and maintain broker and client relationships to drive business growth.
  • Analyze market trends and target potential new clients to expand our presence in the market.
  • Prepare reinsurance quotes and provide expert advice to clients.
  • Responsible for account/portfolio analysis and planning to ensure optimal performance.
  • Assist in analyzing quarterly figures and identify reserving levels required to meet business objectives.
Requirements:
  • Possess industry-related certification or be working towards one.
  • Minimum of 3 years underwriting experience, including working with Property Reinsurance lines.
  • Proven track record of building and maintaining relationships with key clients and brokers in London, Bermuda, and the US.
  • Experience using catastrophe models to price risk, such as AIR and RMS.
  • Strong analytical and interpersonal skills, with excellent communication abilities.
  • Ability to work additional hours as required to achieve business objectives.
Salary:

The estimated salary for this role is £80,000 - £120,000 per annum, depending on experience.

Benefits:

We offer a competitive salary package, including a bonus scheme, pension scheme, and generous holiday allowance. Additionally, we have introduced hybrid working to encourage a healthy work-life balance.



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