Underwriter

Job Type:

Permanent

• Build a brilliant future with Hiscox 

Job title: Underwriter

• Band: I/II depending on experience

Location: Bermuda

Job Description:

About Hiscox Re & ILS

We are located in Bermuda and London and underwrite reinsurance risks from around the world on behalf of our own and partner capital. Our team of over 100 smart and enthusiastic individuals are committed to providing top quality service to brokers and clients across a broad range of reinsurance products. We protect our clients’ assets against natural and man-made disasters, covering everything from earthquake and hurricane damage to cyber events, financial risks and terror attacks around the world. Our approach is simple; match the best underwriting risk against globally diversified capital. Our proactive, product-led underwriting approach is complemented by a commitment to world class service through purpose-built analytics and systems. We know our people are our biggest asset so finding and retaining the best talent is a priority.

About the International Reinsurance team:
Our team operates across our London and Bermuda platforms, writing a range of Property Treaty reinsurance products for clients worldwide. Our portfolio is geographically diverse in nature with Europe, Japan and Australasia being the largest source of business.  We are a market leader and with this comes the need for product innovation, excellent client and broker service and the ability to deploy meaningful capacity.  We strive to create the best tools for analysing the various lines we write to ensure strong returns on capital.

Our team has an ambition to build the portfolio going forward, both within and outside our existing areas of expertise.  This will require our underwriters to demonstrate an adaptable mindset, strong analytical capabilities, a commercial approach and an entrepreneurial attitude.

The Opportunity

The International Underwriter role presents a significant opportunity to build a career in a top underwriting team. You will help continue to build Hiscox’s position as a market leader in Property Reinsurance in our established markets of Europe, Japan and Australasia, as well as building out our presence in other markets globally. To do so, you will need some grasp of the fundamentals and be capable of applying the same irrespective of the nature of the risk before you. Moreover, you will need to build and develop links to the broking and underwriting communities. The individual should have the intellectual flexibility to take sound and rational decisions on emerging, niche and often ‘unproven’ types of risk.  

Person Specification:

What we’re looking for

• A highly regarded (re)insurance professional with 2-5 years’ experience, preferably in underwriting or cat modelling.
• A strategic mindset to enable an active role in setting the direction of the International portfolio at Hiscox Re for the future. In addition, a successful track record of constructing and managing a balanced and diversified portfolio across multiple geographies, clients, brokers and lines of business.
• A firm grasp of reinsurance underwriting principles, risk selection, pricing methodologies and treaty structuring for both proportional and non-proportional products.
• Evidence of the required technical aptitude to analyse, critique and improve actuarial and catastrophe modelling outputs.
• Familiarity with catastrophe modelling tools (e.g. RMS, AIR and internal bespoke models).
• Experience of working with third party capital would be an advantage.
• Proficiency in statistical analysis and comfort working with data analytics platforms (e.g. Excel, SQL, R, Python).
• A proven team player. 
• Strong communicator.
• Fluency in multiple languages would be a valuable attribute. 

Diversity and flexible working at Hiscox

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

Work with amazing people and be part of a unique culture