Deputy Class Underwriter - Renewable Power

Deputy Class Underwriter - Renewable Power

Join to apply for the Deputy Class Underwriter - Renewable Power role at Chaucer Group

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.

Job Profile Summary

To participate in all aspects of underwriting and effective operation of Chaucer's Renewable Power & Energy business as directed.

Job Description

• Underwrite new and renewal risks and approve endorsements/amendments as required in accordance with the Group, Syndicate and Divisional business plan, strategy, Underwriting Controls and Guidelines & Compliance requirements and agreed underwriting authority.
• Assist Renewable Power Class Underwriter(s)/Divisional Head in the development of long-term strategy for Renewable Power & Energy and related business across all business platforms and Chaucer hubs.
• Perform slip and rating analysis and undertake premium monitoring.
• Perform PML and aggregation analysis in conjunction with the Exposure Management team.
• Monitor risks written and due for renewal as well as developing a list of target accounts.
• Monitor & ensure the accuracy and upkeep of all written premium data on proprietary policy administration system for all risks written within the area of responsibility.
• Prepare reports and statistical information as required from time to time.
• Assist with the development and enhancement of underwriting systems where applicable, including new and/or enhanced rate/premium benchmarking model.
• Maintain and develop relationships with brokers to ensure good flow of new and renewal business that fits strategic appetite, and to enhance Chaucer brand, market profile and reputation.
• Maintain and develop relationships with customers to aid business understanding, risk retention and target new business, including travel as required.
• Contribute to maintaining and developing market profile for Chaucer generally and Renewable Power & Energy in particular with a focus on developing a market leading position.
• Attend market risk presentations and market body meetings as applicable.
• Assist on outwards Reinsurance programme, including meetings with Reinsurers as may be required.
• Keep up to date with Renewable Power & Energy industry developments to maintain knowledge of technical risk factors.
• Maintain supportive relationships across the Energy Division and around the other Chaucer underwriting divisions and international offices.
• Ensure timely and effective administrative processing and peer review of risks written.
• Strive to achieve personal objectives as set out by Line Manager.

Skills and Competencies

• Relevant insurance experience specific to Energy industry.
• Underwriting experience specific to the Lloyd's & London Market.
• Experience in the Renewable Power industry.
• High level of numeracy.
• Good analytical skills.
• Familiarity with exposure management (risk aggregation).

Education

• ACII qualified or near completion.

Why 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 focused on the areas where we can provide the most expertise and value to our brokers and clients.

We have no appetite to change this, whilst the market is steadily moving back to 4/1 working days, we are continuing to operate on a much more flexible hybrid basis with Heads of teams working closely with employees to strike a balance of what works best in their area. Our approach has been immensely popular and a successful way of working for the business and all employees at Chaucer.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment, and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Finance

Industries: Insurance Agencies and Brokerages, Insurance Carriers, and Insurance.