Associate Underwriter - Power & Utilities (Hybrid)

Location: London, GB

About the Role

As an Associate Underwriter, you'll be immersed in the fascinating world of energy risk, supporting our experienced underwriters in evaluating and managing a diverse portfolio of power generation and utility assets. From conventional power plants to cutting edge renewable energy facilities, you'll gain invaluable insights into how the insurance industry supports global energy infrastructure.

Key Responsibilities

• Support service excellence by assisting the Power & Utilities Underwriting team in delivering high-quality service to brokers and clients.
• Process transactions efficiently, handling new business, renewals, endorsements, quotes and declinatures.
• Maintain data integrity by ensuring accurate and timely recording of underwriting information in our systems.
• Conduct research and assist with pre underwriting activities, including information gathering, risk summaries and basic exposure analysis.
• Develop technical knowledge of Power & Utilities risks across conventional power generation, renewable energy, and transmission/distribution assets.
• Review core coverages such as Property Damage, Business Interruption and Construction related exposures under expert supervision.
• Collaborate across functions by liaising with internal stakeholders including Risk Engineering, Claims, Actuarial, Operations and Finance teams.
• Participate in client engagement by supporting broker and client meetings, preparing materials and managing follow up actions.
• Ensure compliance by working in accordance with underwriting guidelines, governance standards and ESG related frameworks.
• Support portfolio management by contributing to monitoring activities, including tracking capacity deployment, pricing and aggregation.

About the Team

Our Power & Utilities underwriting team operates as part of a global Energy platform, specializing in operational and construction risks for power generation and utility clients worldwide. We're a collaborative group that works closely with stakeholders across multiple locations to deliver exceptional service. Our team is actively engaged in supporting clients through the energy transition, combining technical expertise with forward thinking approaches to risk management.

About You

You're a curious, detail oriented person with a passion for learning and a keen interest in the energy sector. You thrive in collaborative environments and enjoy analyzing complex information. Your strong organizational abilities and communication skills make you an ideal candidate to support our underwriting operations while developing your technical expertise.

Qualifications

• Degree level education or equivalent qualification.
• Demonstrated interest in the Power & Utilities sector and the global energy transition.
• Strong analytical thinking and data interpretation capabilities.
• Meticulous attention to detail and commitment to data integrity.
• Excellent written and verbal communication skills.
• Exceptional organizational abilities and time management.
• Proficiency with Microsoft Office applications.
• Willingness to pursue professional insurance qualifications.

Nice to Have

• Previous experience or internship in insurance, risk management, or the energy sector.
• Knowledge of energy infrastructure or engineering concepts.
• Experience with data analysis or business intelligence tools.
• Understanding of sustainability principles and ESG considerations.
• Project management skills or experience.

This role provides a structured pathway to develop core underwriting skills with clear progression towards underwriting authority over time. Become part of our team and take your career to new heights in a sector that drives global progress.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

For London the annual base salary range for this position is between GBP 44,000 and GBP 66,000 (for a full time role). The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, and the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience.

In addition to your base salary, Swiss Re offers an attractive performance based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.

Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.