Senior Energy Liability Underwriter

Department: Marine & Energy Liability

Location: City of London
Reporting to: Head of Marine and Energy Liability

Direct Reports: None
Position Type: Perm

Working Arrangement: Hybrid - 3 days in the office

Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.

To play a key role in the profitable development and management of the Marine & Energy Liability (MEL) portfolio, with a particular focus on Energy Liability.

The Senior Underwriter will underwrite and develop new and existing business, contribute to portfolio strategy and Business Plan delivery, and build strong relationships with brokers, clients and internal stakeholders. The role requires strong technical underwriting judgement, commercial awareness and the ability to identify and develop profitable opportunities across the Energy sector.

• Underwrite new and renewal MEL business through Lloyd’s and the Company, within agreed authority, underwriting guidelines and the Business Plan.
• Take a leading role in underwriting and developing Energy Liability business, including Upstream, Midstream, Downstream, Power, Renewables, Drilling & Services Contractors and Onshore/Offshore Construction.
• Assess and price complex risks, including exposures, loss experience, contractual arrangements, policy coverage and appropriate terms and conditions.
• Contribute to the development and implementation of the MEL underwriting strategy and Business Plan, with a focus on sustainable profitability and portfolio balance.
• Undertake account and portfolio performance analysis, identifying trends, emerging exposures and areas requiring underwriting action.
• Proactively develop new and existing broker relationships and identify profitable new business opportunities.
• Represent and promote the business with brokers, clients and other internal and external stakeholders.
• Present risks at Peer Review and contribute to technical underwriting discussions across the division.
• Work collaboratively with Claims, Actuarial, Exposure Management and other functions to support effective underwriting and portfolio management.
• Support the training, mentoring and development of junior members of the team.
• Maintain high underwriting and file-management standards and ensure compliance with applicable legal, regulatory and governance requirements.
• Remain current with market, legal and industry developments affecting Marine & Energy Liability, particularly developments across the Energy sector.

• Ideally five years’+ relevant Energy Liability underwriting experience with a strong understanding of the Lloyd’s and international (re) insurance markets.
• Strong technical knowledge of Energy Liability, including relevant exposures, pricing methodologies, contractual considerations and policy coverages.
• Broad understanding of Energy segments including Upstream, Midstream, Downstream, Power, Renewables, Drilling & Services Contractors and Onshore/Offshore Construction.
• Knowledge of both North American and International business and relevant market networks
• Strong broker relationships with the ability to develop and originate new business.
• Sound commercial judgement, negotiation and underwriting decision-making skills.
• Good understanding of legal and…