Deputy Class Underwriter - Energy
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ABOUT US
Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com
Job Summary
Be an active / proactive member in the Natural Resources Underwriting team as part of the Energy Division, underwriting Midstream business and developing / maintaining business relationships with brokers and clients (as well as within Chaucer) to help the team deliver on their business plans.
Main Duties
Review and underwrite new and renewal risks and associated endorsements in accordance with underwriting authority
Utilise pricing models to generate risk assessments and premium calculations, review and validate model outputs to ensure accuracy in pricing recommendations, interpret pricing model results and make necessary adjustments. Assist in the development and enhancement of new pricing tools and methodologies.
Monitor risk exposures and assist in PML analyses in conjunction with the modelling / aggregation team
Monitor risks written and due for renewal.
Prepare reports and statistical information as may be required
Use and assist with the developments and enhancements of underwriting systems where such developments and enhancements are required, e.g.: new and / or enhanced benchmarking models, etc.
Liaise with brokers and develop good working relationships with broking and support teams.
Liaise with other business areas within Chaucer as required including claims, underwriting risk review, actuarial etc. As required
Use market, industrial and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the oil & gas industry generally.
Attend client or other market risk presentations and market body meetings as and when required
Skills and Competencies
Lloyd's experience
Microsoft Office, Excel - Intermediate
Education
ACII
Why Join Chaucer?
An established market leading Insurer, where over the past 5 years, the Chaucer Group has seen significant and successful growth. In 2019, we wrote $1.4bn of Gross Written Premium, closed 2023 with $2.7bn, and are on track to write well over $3bn in 2024.
This is an exciting time for Chaucer; we have the people, the platforms, the expertise and the relationships to continue our recent success. We will remain focussed on the areas where we can provide the most expertise and value to our brokers and clients.
We offer:
A flexible 2 days in the office hybrid work model that supports individual and team needs.
A diverse, inclusive culture that values people for who they are.
Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
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