Underwriter - Energy

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 Profile Summary

Be an active / proactive member in the Natural Resources Underwriting team as part of the Energy Division, underwriting Upstream and 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.

Job Description

• 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 & Competencies

• Lloyd's experience

• Microsoft Office, Excel - Intermediate

• Analytical

• Flexible and adaptable

• Excellent organisational skills

• Team player

• Effective communication skills at all levels

Education

• ACII or working towards

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.