About

Job Summary To review applications for Power & Renewable Energy (Re)insurance cover received by IGI UK Ltd and the wider IGI Group, determining and evaluating the nature and extent of the risk involved, maximising profit generated by the arrangement, whilst minimising the risk exposure to the business. Job Description Company Description IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers. Our ratings reflect the financial strength of our business: “A” (Stable) from AM Best; “A-” (Stable) from S&P. In 2024, we had net earnings of $135.2 million. Our holding company has assets in excess of $2,037.6 million, as at 31 December 2024. Key Responsibilities Underwriting Underwriting new business profitably and accurately, reviewing and analysing (Re)insurance proposals received by IGIUK and the wider IGI Group, in order to determine what degree of risk, if any, to accept on the business’s behalf, by reference to relevant, up to date market information, statistics and specialist data. Negotiating the most favourable terms with brokers and clients, ensuring that IGI’s income is maximised whilst its risk exposure is minimised. Ensuring that all decisions regarding the insurance terms to be offered to clients are made in accordance with IGI’s documented Underwriting procedures and individual UW guidelines. Liaising regularly with the IGI Group support and production teams based in Malta, Jordan, KL, Dubai, Casablanca, and other offices, to ensure that procedures and process are operating as required and in a consistent manner. Undertaking regular ‘four-eyes’ and peer reviews in accordance with IGI UK’s and IGI’s wider global internal standards and requirements. Ensuring that individual responsibilities and accountabilities are carried out in line with regulatory and statutory requirements, particularly those relating to FCA’s principles covering Treating Customers Fairly and the general safeguards aimed at preventing financial crime. Work with the Amman team to ensure signoff summary sheets are correct. Checking the timeliness and accuracy of Management Information (MI) relating to underwriting activity within IGI UK, Amman or elsewhere, reporting any issues to senior management. Manage PPL entries for the IGI UK stamp. Client Relationship Management Maintain and develop where required all aspects of client relationship management and third-party service providers. Actively manage and grow broker relationships both in the UK and overseas. Ensure excellent service is provided to brokers including prompt and efficient turnaround timescales, and the correct management of broker expectations. Portfolio Management Responsible, under guidance of the Global Head of Power & Renewable Energy, for balancing a growth in volume without losing profitability across the line of business. Assist in the production of the class Business Plan and ongoing monitoring of the performance against plan. Assist in the implementation of new products/opportunities. Liaising regularly with the IGI Group Underwriting, Actuarial, Legal & Compliance and Administrative teams to ensure procedures and process are operating as required and in a consistent and correct manner. Work on marketing materials with IGI Marketing Team. Continuing Professional Development Work on marketing materials with IGI Marketing Team. Professional Conduct Understands and behaves in accordance with the regulators Conduct Rules. Understands, and at all times, conducts work and oneself in line with the corporate values: Innovative, coming up with solutions We listen, consider and endeavor to offer solutions to all our customers We encourage our employees to innovate and to come up with new ideas and initiatives Genuine, authenticity matters We are a global team, supporting and collaborating with each other, for the benefit of all our stakeholders We celebrate diversity and recognize that each individual is unique, and of value to ourselves and our society Integrity, remaining true to our employees, customers, and stakeholders We put our principles into practices, doing only what’s right for our customers, employees, and shareholders We believe in building relationships, internal and external, based on trust, truths, and real collaboration Key Attributes & Professional Qualifications A minimum of 5 years’ underwriting within the Power Insurance Market, ideally with Renewable Energy exposure and experience too. A keen interest in own self professional development. Will hopefully be at least Diploma CII qualified (but not essential), as well as regularly attending training events to continue their own professional development. General computer literacy (Microsoft Excel, Word, PowerPoint etc). Strong team player who is also able to work on own initiative within authority limits. Excellent attention to detail in order to maintain accuracy of data and file records. Customer focused, providing excellent customer service skills both internally to the team, as well as externally, with brokers. The candidate needs to be a confident self-starter, who can manage high volumes during busy periods, has the ability to take and execute instructions and meet deadlines. Must work well under pressure and be able to prioritise tasks, especially during busy periods. Excellent Interpersonal skills that is able to market themselves effectively. In addition, needs to be demonstrate; active listening, purposeful communication, confident interaction, and ability to work within a team. Rating model experience. Nat Cat modelling knowledge. Power & Renewable Energy wordings knowledge. Conduct Rules SMCR was introduced by the Financial Conduct Authority (FCA), includes a set of Conduct Rules that apply to most employees in UK financial services firms. These rules aim to improve individual accountability and promote a healthy culture across the industry. Individual Conduct Rules These are the core five rules that apply to all employees Act with integrity Act with due skill, care and diligence Be open and cooperative with the FCA, PRA, and other regulators Pay due regard to the interests of customers and treat them fairly Observe proper standards of market conduct We are an international specialty insurance and reinsurance group, registered in Bermuda and listed on Nasdaq Capital Markets under the symbol “IGIC”. We underwrite a diverse portfolio of specialty lines worldwide.