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Underwriter, Renewable Energy Construction

Underwriting/Reinsurance Job ID 2024-14418 Primary Location: London, United Kingdom 04/12/2024
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FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

The FM Global Renewables Division is looking for a Renewable Energy Underwriter (Construction) to join our international team servicing a global book of renewable energy clients. The Renewable Energy Construction Underwriter must have a strong understanding of exposures and risk transfer strategies unique to ground mounted PV Solar, Onshore Wind, and Battery Energy Storage System construction projects. The Underwriter will have curiosity, drive, and strong relationship management skills to effectively underwrite a profitable renewable energy construction portfolio while supporting both client and company loss prevention and risk transfer objectives.

  • Perform construction underwriting and insurance servicing activities on existing and prospective accounts with large projects in the renewable energy space, focusing on photovoltaic solar, onshore wind, and battery energy storage systems. This includes, but is not limited to, linesetting, managing reinsurance needs and placement, rating and pricing, terms and conditions, value analysis, certificates of insurance, preparation of quotations, assisting in proposal development.
  • Provide underwriting assistance and guidance to Account Managers in handling smaller construction projects, as needed.
  • Provide construction underwriting expertise and guidance to the renewable energy team and broader organization. Recommend new or modified guidance when warranted.
  • Collaborate with the Renewable Underwriting Manager and Staff Underwriting on the development and expansion of renewable construction underwriting strategy, organizational development, and coaching.
  • Responsible for developing and maintaining relationships with key clients, brokers, and internal stakeholders.
  • Leverage external and internal relationships to understand clients' exposures, operating strategies, and business goals, and ensures mutually agreed project plans meet the long-term loss prevention, underwriting, and risk transfer goals of both the client and FM Global. 
  • Stay abreast of renewable energy and insurance market trends, and broader portfolio performance. Including competitor offerings, strengths and weaknesses, profitability, emerging trends, etc.
  • Learn and leverage internal systems, applications, procedures, and authority levels.
  • Maintain complete and up-to-date documentation of decision making and key documents within internal systems as appropriate.

  • A minimum of 5 years’ experience in construction underwriting, with a primary focus on large utility scale renewable energy projects including ground mounted PV Solar, Onshore Wind and Battery Energy Storage Systems.
  • A proven track record in underwriting, risk assessment and use of authority to profitably manage your own book of large utility scale renewable energy projects.
  • A deep understanding of the principles and practices of construction underwriting, risk assessment and risk mitigation, specifically for renewable energy projects.
  • Ability to lead negotiations and communicate complex underwriting information clearly to both internal and external stakeholders.
  • Excellent problem-solving skills and the ability to make independent decisions based on accurate and timely analyses.
  • Maintains and develops market knowledge including competitor profiles and products.
  • Curious and driven to learn about new technologies, market practices, and trends.
  • Strong analytical, problem solving, computer skills and attention to detail is required.
  • Strong Interpersonal Skills, Relationship management, Account Management, Business Communications, Exposure Analysis, Negotiations, Presentation Skills, Program Structure & Linesetting, Planning & Organizing, Policy Terms & Conditions, Profitability Analysis & Pricing and Underwriting Guidelines.
  • Associateship of the Chartered Insurance Institute (ACII) or Chartered Property Casualty Underwriter (CPCU) designation would be an advantage.

In return, you will receive a competitive benefits package which includes:

  • Final Salary Pension Scheme
  • Private medical insurance
  • Incentive Plan
  • Fitness Reimbursement Plan
  • 2 Global Well-being days per annum
  • Annual Volunteer Day
  • Emotional well-being and mental health assistance programme

FM Global is a people-driven business.  It is our ability to harness the power of our diversity that allows us to create the unique, world-class services we’re known for.

We’re committed to attracting a talented and diverse workforce and fostering a culture of inclusion that allows diversity to thrive and seed innovation.

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