Job Description

The Role

Canopius' market leading Energy division are looking for a skilled and experienced Upstream Energy Underwriter to take on an underwriting role within the London Natural Resources Team. As an Underwriter you will play a crucial role in driving profitable growth through risk selection of new and renewal business, for a broad portfolio of global energy clients in the Upstream and Midstream sectors from the London office.

The Upstream Energy portfolio, forms part of the wider Natural Resources Team, with exposure to all areas of the Energy Value Chain, including Downstream, Power & Renewables as well as Minerals, Metals & Mining via the Heavy Industries product line.

Key Responsibilities

• Evaluate insurance risks in accordance with the Business Plan and personal authority to meet business objectives effectively.
• Foster and sustain robust connections with stakeholders, including clients, brokers, and team members, to enhance influence and support business initiatives.
• Establish strategic partnerships aligned with the Business Plan to facilitate the attainment of organizational goals.
• Adhere to the insurance strategy to minimize risk and achieve targets outlined in the business plan.
• Actively engage in shaping and refining strategies, knowledge, and best practices within the team.
• Advocate positively for the department, division, and company brand to effectively leverage brand recognition.
• Ensure compliance with all legal and regulatory standards to fulfil organizational obligations.
• Uphold underwriting guidelines, instructions, and best practices to reduce risk and improve operational efficiency.
• Remain knowledgeable about market dynamics and demonstrate awareness of market cycles to operate effectively.
• Encourage and develop team members.
• Assist with the advancement of AI Tools in process modules to increase efficiencies in the day-to-day capture of underwriting data.

Skills and experience:

• Proven experience in the Energy and London Insurance market with a good understanding of market dynamics
• Ability to develop business opportunities
• Contribute to long-term success of the overall business through business planning, organisation and development
• Confident and good communication skills to collaborate with colleagues and external stakeholders
• Strong working knowledge of MS Office (Word / Excel / PowerPoint / Power BI)
• Excellent analytical and negotiation skills
• Proficient in being able to manage single risk aggregate exposures, as well as understanding the joint venture principal in maintaining combined offshore platform aggregates. Ability to navigate SQL Impact or equivalent aggregation tool is preferable.