Description
We are looking for a Senior Underwriter within the Mining Sector (Natural Resources, Onshore Energy) based in London. This role will primarily focus on the Mining portfolio within the London Onshore Energy portfolio, but there will be an opportunity to underwrite other product lines (Downstream Energy, Power and Renewables).
Your Team
The Onshore Energy team is part of the wider Natural Resources team in London and focuses on Downstream, Power, Renewables and Mining. Our team is committed to providing an environment where you will have a sense of belonging while developing your skills and gaining experience within one of the most respected insurance companies globally.
The Impact You Will Have
Reporting to the Regional Head of Onshore Energy, you will underwrite profitable new and renewal business to meet the business targets in Onshore Energy. You will also negotiate participation, pricing and terms and conditions. You will take ownership of accounts and clients, as well as develop and maintain relationships with existing and new brokers and clients.
Responsibilities
- Underwrite new and renewal accounts to meet top and bottom line targets.
- Negotiate participation, pricing and terms and conditions with brokers.
- Proactively manage exposure and capacity.
- Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios.
- Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
- Proactively liaise with Market Management & Distribution (MMC) on market management initiatives.
- Positively represent Allianz Commercial externally to the market.
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers).
- Training, developing and coaching less experienced staff (including Junior Underwriters, Operations and Credit Control).
Qualifications
- Significant experience in underwriting profitable business in the Mining Sector.
- Recognized relationships with brokers at peer group level and well established within market.
- Good understanding of regional/local Mining insurance markets and competitor landscape, including global elements.
- Ability to assess risk inherent exposures and natural hazards relevant to the line of business.
- Ability to analyse current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.
- Ability to design, develop and implement consistent, robust wording.
- Excellent understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
- Excellent communication skills and ability to create relationships and communicate clearly at all levels and with a wide range of people.
- Ability to influence and motivate others to act, without executive authority.
- Excellent analytical skills.
- You should be able to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.
- Ideally ACII qualified or equivalent.
Benefits
We are committed to nurturing an inclusive environment where everyone feels they belong.
Hybrid working model and flexible working arrangements.
Competitive compensation and benefits package, including a generous bonus scheme and pension.
Career development, digital learning programs and international career mobility.
Health and wellbeing support, private healthcare, generous parental leave, and support returning from career breaks.
Opportunities to engage in shaping a sustainable future.
Equal Opportunity
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
People with Disabilities
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com.
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