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Underwriter, Energy & Construction, Offshore Renewable Energy

Job Level:  Professional
Location: 

London, GB, EC3V 0HR

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  703

Job Purpose/Role

 

At AGCS we specialise in offering Energy insurance for the most complex and challenging exposures. With a focus on larger global risk portfolios and major national risks, we offer ‘All Risks’ Property Damage, Business Interruption, Construction, and Delay In Start-up insurance through our global network.

 

Based in London as part of the Energy and Construction team, you will work closely with clients and brokers to develop personalised solutions, as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet Offshore Renewable Energy targets regionally, including global elements. Your responsibilities will also include negotiating participation, pricing and terms & conditions, supporting the acquisition of new business and retaining existing business.

 

Key Responsibilities

 

In this role you will.....

  • Underwrite and evaluate Offshore Renewable Energy exposures (both operational and construction), contributing to the profitable growth of the book, with the opportunity to also underwrite and evaluate Onshore Renewable Energy and Power (operational and construction) accounts
  • Identify and deliver on cross-sell opportunities within Energy & Construction, with broader AGCS business lines and Allianz group companies
  • Actively drive involvement of functional areas in the Underwriting process, including Market Management, Risk Consulting, Claims, and Operations etc.
  • Maintain and develop broker relationships and attend client meetings to market our offering and value proposition
  • Work closely with all team members in Energy & Construction, providing training, mentoring and technical support as needed

 

 

Key Requirements/Skills/Experience

 

  • You have 5 to 10 years’ experience underwriting profitable business in the Offshore Renewable Energy segment. Ideally you will also have experience of underwriting Onshore Renewable Energy and Power (operational and construction) accounts in those segments
  • Ideally you are CII qualified or equivalent or working towards it
  • You have recognised relationships with clients and brokers at peer group level and are well established within your reference market
  • You have a specialised understanding of regional / national Offshore Renewable Energy insurance market, and the competitor landscape
  • You are able to negotiate effectively achieving the best outcome for your portfolio while maintaining positive business relationships with your clients and brokers
  • You are capable of leveraging data and analytics to make business more efficient and effective
  • You have a good understanding of the legal and regulatory framework
  • You can design, develop and implement consistent, robust wordings for contracts

 

 

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.

 

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

 

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

 

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

 

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.