Associate Underwriter

15 hours ago

London, Greater London, United Kingdom Hiscox Full time

Job Type:PermanentBuild a brilliant future with HiscoxPosition: Associate UnderwriterReporting to: Major Property Line UnderwriterLocation: LondonType: Full TimeAbout the team / divisionHiscox London Market has an exciting future. In the Property Division our team of over twenty-seven underwriters and analysts focus on Property & Alternative Risk lines written within London Market. Methods of placement range from direct and facultative, shared and layered open market placements, to binders and line slips, both digital and traditional. Expectations are high, but the team enjoy a well-established, lead market position and have an excellent track record of outperforming our peers – the challenge will be not just to maintain this, but to drive it forward in an ever-evolving market place.We are looking for an underwriter to join our Major Property team, focussing on writing middle market commercial property (TIVs $50m - $1bn), currently an underserved segment of our property portfolio and a key growth opportunity going forwards. Initially business will be written via the open market (at the box in Lloyd's), facilities and delegated authorities, with a longer-term ambition to add a digitally traded segment targeting 'core' and profitable occupancies and writing via APIs direct to US wholesale. Hiscox see middle market commercial property as a significant profitable growth opportunity and the successful candidate will be joining a team on the outset of this exciting journey.Success will be measured by progressing from a supporting role into generating revenue, optimising the portfolio and developing new business both through relationships and product development. If you like a challenge and work to high standards, this could be the role for you.The RoleWe are looking for an associate underwriter to join our underwriting team in London. This is a new role and will report directly into the Line Underwriter.The key to success in this role will be strong relationship management, proactive approach to learning and showing initiative to support other underwriters in the team. You will need to thrive in a team environment and be able to demonstrate your enthusiasm in developing your property and underwriting knowledge.What you'll be doingDeliver underwriting performance in line with the budget.Develop relationships and maintain existing relationships.Support your underwriting team with managing their pipeline of risks and providing pre-underwriting support.Learn to underwrite (within authority), price and negotiate accounts in a high volume environment consistent with the quality of the risk and according to the Middle Market strategy (

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