UnderwriterJob Type:
Permanent
Build a brilliant future with Hiscox
About the team/division
Hiscox 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 marketmercial 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 marketmercial 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.
What you'll be doing in the role
1. Underwrite, price and negotiate risks submitted via the box or digital platforms
2. Lead, develop and maintain relations with brokers, producers and clients.
3. Lead underwriting and sales initiatives to grow the portfolio
4. Marketing and sales of the Hiscox brand and product offerings, pitching our risk appetite and value proposition.
5. Contribute to the development of our underwriting appetite and help refine the portfolio strategy
6. Wordings and contract review.
7. Input into account management, portfolio development and business planning process.
8. Market / Industry research.
9. Opportunity to travel to meet clients and brokers
The Candidate
We are looking for an individual who is highly analytical, driven and detail orientated with a passion for execution. You will need to be articulate and exhibit a track record of good decision making skills, working under pressure and to tight deadlines, with an ability to quickly understand problems and create and implement solutions. Underwriting experience is desirable but not a necessity if you can demonstrate an understanding of the nuances involved in pricing and assessing a risk.
Our must haves
10. A working knowledge of how to price a risk
11. Good mathematical and analytical skills; the team is heavily involved in catastrophe modelling and actuarial analysis and the individual must be willing to embrace and develop this aspect of underwriting
12. A confidentmunicator with demonstrablemunication skills both oral and written
13. A driven individual and effective team worker
14. Ability to prioritise work and manage effectively and accurately under pressure, ensuring that deadlines are met
15. Progress in ACII examinations or amitment toplete them
Nice to have
16. Prior experience of underwritingmercial property in the London Market
17. Educated to degree level or non-graduates with demonstrable relevant experience and excellent A' levels.
Diversity and flexible working at Hiscox
At Hiscox we care about our people. We hire the best people for the job and we'remitted to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn't always have to be 'nine to five' and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.
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Work with amazing people and be part of a unique culture Job ID R0017632