Job Description
The RoleThe team is seeking an Assistant Underwriter to underwrite and assist with the management of the Upstream and Midstream Energy classes of business as part of the broader Groups Energy Product line. Responsibilities will include: You will be responsible for evaluating and underwriting renewal business in a timely and efficient manner within your agreed underwriting authority level. Assist Underwriters with underwriting new business opportunities. Expected to develop and maintain both new and existing relationships with key external partners such as brokers and clients. Analyse terms, specification, actuarial analysis and rating on prospective and existing business Analyse data, including rating, terms etc of the portfolio as a whole – working with all data sources within the company. Work collaboratively with key internal stakeholders to allow for accurate monthly risk aggregation reporting. Identify and implement ways to streamline underwriting processes. Ensure compliance with regulatory and internal procedures. Compile underwriting reports as appropriate. Assist with the administration of risks including regulatory requirements. Liaise with underwriting back up and support teams. Verify and produce ad-hoc reports to the team to assist with strategy and plan execution. Skills and experience: Ability to risk select, which would deliver a profitable portfolio General knowledge of insurance and underwriting within Lloyd’s marketplace Good general knowledge of the Upstream class Knowledge of wordings is preferable but not essential. Strong IT skills, particularly Microsoft Excel and Power BI Data mining, statistical modelling and data visualisation Analytical and problem solving skills Part CII qualification achievement or a desire to expand knowledge within the industry via professional exams is favored Our benefits We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health. About Canopius Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda. At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results. Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected. We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds. We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.