Senior Underwriter - Mining Natural Resources, Onshore Energy

Overview

We are looking for a Senior Underwriter within the Mining Sector (Natural Resources, Onshore Energy) based in London. This role will primarily focus on the Mining portfolio within the London Onshore Energy portfolio, however there will be an opportunity to underwrite other product lines (Downstream Energy, Power and Renewables).

The Onshore Energy team is part of the wider Natural Resources team in London and focusses on Downstream, Power, Renewables and Mining. Our team is committed to providing an environment where you will have a sense of belonging whilst continuing to develop your skills and gain experience within one of the most respected insurance companies globally. The culture of the team as a whole and those within it are extremely important.

Our culture is truly global and inclusive. We strive to provide our customers with excellent product expertise and services. With the focus on digitalization, we create efficiency and improve the customers interaction.

Reporting to the Regional Head of Onshore Energy, you will underwrite profitable new and renewal business to meet the business targets in Onshore Energy. You will also be negotiating participation, pricing and terms and conditions. You will take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.

• Underwrite new and renewal accounts to meet top and bottom line targets
• Negotiate participation, pricing and terms and conditions with brokers
• Proactively manage exposure and capacity
• Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios
• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
• Proactively liaise with Market Management & Distribution (MMC) on market management initiatives
• Positively represent Allianz Commercial externally to the market
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)
• Training, developing and coaching of less experienced staff (including Junior Underwriters, Operations and Credit Control)

• Significant experience in underwriting profitable business in the Mining Sector.
• Recognized relationships with brokers at peer group level and well established within market.
• Good understanding of regional/local Mining insurance markets and competitor landscape, including global elements.
• Ability to assess risk inherent exposures and natural hazards relevant to the line of business.
• Ability to analyse current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.
• Ability to design, develop and implement consistent, robust wordings.
• Excellent understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
• Excellent communication skills and ability to create relationships and communicate clearly at all levels and with a wide range of people.
• Ability to influence and motivate others to act, without executive authority.
• Excellent analytical skills.
• You should be able to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.
• Ideally ACII qualified or equivalent.

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension. From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an…