Senior Underwriter - W&I (Italian Desk)

IDEX Consulting Ltd.; Madrid; On-site; EUR 120,000 - 180,000; Full time

Job summary

IDEX Consulting Ltd. is seeking a Senior W&I Underwriter to lead the Italian coverage within the Southern European market, collaborating with brokers, Italian and international counsel, and deal teams on complex cross-border M&A risk.

Fluency in Italian is essential, and the role offers a base salary in the €120,000–€180,000 range, with incentives, and international progression opportunities within a globally connected team.

Qualifications

• Experience in W&I underwriting or broker roles with Italian market experience.
• Italian language fluency is essential.
• Experience with M&A transactions and cross-border risk assessment.

Responsibilities

• Assess and price risk across a broad spread of M&A transactions.
• Collaborate with brokers, Italian and international counsel, and deal teams.
• Operate with autonomy on live transactions.

Skills

Fluency in Italian

Job description

We have been retained by a global specialty insurer with a well-established presence across the international transactional risk market. They are looking to appoint a Senior W&I Underwriter to lead their coverage of Italy within the wider Southern European market. You would join a collegiate team of underwriters who work closely across jurisdictions on complex, cross-border deals, inside a business with genuine global reach.

The search is due to growth and M&A value targeting Italian companies reached €87bn in the first half of 2026, up 116% year-on-year, with deal volume also up 6%. Transactional risk insurance now features on roughly one in five Italian deals. 404 W&I policies were written in 2025, helped by larger transactions and greater use of syndicated programmes with several insurers on the same risk. Private equity drives 56% of the market, and corporate buyers make up the remaining 44%. Italian penetration has held steady while transactional risk policy counts across Europe rose 36%, so there is clear headroom. The Italian market is still being shaped, and whoever takes this seat will have a real hand in shaping it.

You will work directly with brokers, Italian and international counsel, and deal teams to assess and price risk across a broad spread of M&A transactions will operate with a high degree of autonomy on live transactions.

We are keen to speak with W&I underwriters or brokers with Italian market experience. We would also like to hear from Italian-qualified private M&A lawyers who have significant exposure to insured transactions and want to apply that technical grounding from the other side of the table. Fluency in Italian is essential.

The package is €/£120,000-180,000 base, calibrated to location and experience, plus short- and long-term incentives. The role offers a genuinely international book of business, with clear scope for progression both domestically and internationally as the team grows.

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