Flood Underwriter

Hiscox London Market is the leading insurer of global risks. Rather than ask ‘why?’ when challenged with a risk, we’d prefer to say ‘why not?’
We are one of the largest and oldest Lloyd’s syndicates. Known for our
long-term leadership
in the market, our blend of underwriting expertise and meaningful capacity makes us an ideal partner for our clients, whatever the size and complexity of their risk. With winning attitude, adaptability and passion; our people aim to outperform always.
Team:
This role is one of 17 Underwriters within the Property division. Our risks range from multi-billion dollar businesses to small apartments on Caribbean islands. We operate within Major Property, Commercial Lines, Flood and Household risks. We underwrite as a team through a combination of
e-trading, worldwide
delegated authorities and box underwriting.
Role
We are looking to recruit an underwriter to join our Flood line of business. Flood is a key growth area for London Market. Hiscox entered the US primary flood market in 2015 and our team has spent the last 7 years building out our award winning FloodPlus suite of products and systems in order to rapidly expand our market share and take advantage of the opportunity US flood presents.
This role will involve day to day underwriting of risks in the US with some of your time spent at the box trading with brokers in addition to
portfolio management
and new business development.
Key responsibilities:
Underwriting risks presented to Hiscox via brokers.
Management of binding authorities.
Support the development of our products and refinement of our pricing.
Develop new business across the US.
Support in further development of our underwriting system, control processes and reporting suite
Conduct market and
industry research
to develop knowledge.
Have the ability to establish and manage productive, professional broker relationships.
Attend client meetings and events to grow industry knowledge and sell Hiscox’s brand.
Contribute to wordings and contract review process.
Support with the account management and business planning.
Person specification:
Experience of portfolio management is essential.
A long track record of delegated authority underwriting experience would be looked upon favourably
Multi-class experience
would be looked upon favourably
Strong mathematical
literacy and interested in technical aspects of underwriting
and pricing.
A-level Science or Maths as a minimum.
A confident communicator with demonstrable communication skills both oral
and written.
A strong track record of working successfully in a team.
Possesses an interest and knowledge of the London Market and Flood insurance.
Progress in ACII examinations or commitment to complete them.
A natural innovator who always looks for a better way to service their customer.
A winning attitude; hungry for knowledge, never satisfied and a passion for innovation.
A team player; believes in achieving as a team, has empathy for others and approachable even in stressful times.
Adaptable; Always looks for a better way, flexible in style and resilient to change.
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.
We have also learned over the past 2 years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance.
This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance.
We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.
We look forward to working with you. #LI-CM1
Work with amazing people and be part of a unique culture Why work here? If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us. Get in touch If this is your first time visiting our career site and you wish to stay in touch please select the 'Introduce yourself' button on the top right. This will allow us to contact you with suitable vacancies. If you are a returning prospect and wish to view our current vacancies please Search for Jobs using the link on the top right. About us We’re a global, specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. With 3,000 employees and 32 offices in 12 countries we’re a business with lots of opportunity for people with talent, spark and lots of ambition. If you want to build a great career with a company that prioritises strong values – such as integrity and courage – where our people always pull together to do the right thing for each other and our customers, then we’d love to hear from you.
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