About this role
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 (being Downstream Energy, Power and Renewables).
Your Team
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.
The Impact You Will Have
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.
Some of your specific responsibilities could include:
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)
What You’ll Bring to the Role
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.
89964 | Underwriting | Professional | Allianz Commercial | Full Time or Part Time | Permanent
Let’s care about everything that makes you, you
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.
Let’s care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Let’s care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let’s care for life’s twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.
Let’s care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us?
Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.
Learn more about careers at Allianz Commercial by clicking here
Learn more about Allianz Commercial by clicking here.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
Join us. Let's care for tomorrow.
People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email [email protected]
Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.
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Other facts
About Allianz Insurance
Allianz Services is proud to serve and be part of Allianz Group, one of the world's leading insurers and asset managers. Our strong global footprint, with more than 8000 employees located across ten countries and four continents, enables us to unlock the full potential towards driving superior client experience within Allianz Group.
At Allianz Services, we have a strong specialization in core insurance operations, shared services, business analytics, engineering, and management consulting. Our people are what matter most, rooted in our values, and we strive to continuously evolve, improve, and create a superior client experience while contributing successfully to the transformation of Allianz. Caring actively for the environment, for people, and for our customers is what makes us a great place to work and together we are shaping a better and more caring tomorrow.
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What you'll do
- The Senior Underwriter will underwrite profitable new and renewal business in the Mining portfolio and negotiate terms with brokers. They will also manage exposure and capacity while developing relationships with clients and brokers.
Ready to join Allianz Insurance?
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