Senior Underwriter – Energy (Commercial P&C)

Daman is expanding beyond health into commercial property & casualty insurance. We’re building an energy underwriting book from the ground up, and you’ll be one of the people who shape it: setting guidelines, building broker relationships and writing profitable business across the region’s onshore and downstream energy sector.

Responsibilities:

• Underwrite new and renewal energy risks (refining, petrochemicals, power and utilities, onshore oil & gas) within your delegated authority.
• Price risks with the actuarial team, using benchmarking, loss history and exposure modelling.
• Help write Daman’s energy underwriting guidelines, risk appetite and pricing framework.
• Build and manage relationships with regional and international brokers, and meet production and retention targets.
• Structure reinsurance protection for large risks with the reinsurance team.
• Review risk-engineering survey reports and set risk-improvement conditions.
• Monitor portfolio performance: premium, rate adequacy, loss ratio and accumulation exposure.
• Contribute to the business plan, budgets and forecasts for the energy line.
• Ensure compliance with Central Bank of the UAE insurance regulations and internal governance.
• Mentor junior underwriters as the team grows.

• 8+ years of energy or large commercial property underwriting, at least 3 of them in the Middle East.
• A network of regional energy brokers you can activate quickly.
• Strong technical knowledge of downstream energy and power risks, including business interruption.
• Hands-on experience with facultative and treaty reinsurance.
• Proven track record of building or growing a profitable portfolio.
• Strong analytical, pricing and negotiation skills.
• Bachelor’s degree in engineering, finance, actuarial science or risk management.
• ACII / Dip CII or equivalent professional qualification preferred.
• Arabic is an advantage.

• Competitive tax-free salary (AED 40,000 – 55,000 per month) plus housing, transport and education allowances.
• Annual return flights for you and your family (expatriates).
• Comprehensive medical cover for you and your dependants.
• Relocation support.
• Professional qualification sponsorship (CII and others).
• Performance bonus linked to portfolio results.
• 30 days’ annual leave.
• A founding role in a new business line, with visibility to senior leadership.