ART Structured Underwriter

Allianz Global Corporate & Specialty SE; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading global insurance firm is seeking an ART Structured Underwriter in London to underwrite new and renewal business while ensuring alignment with governance frameworks. You will build and maintain relationships with brokers and clients, contributing to a dynamic environment within the ART team. The role requires a minimum of three years of experience in underwriting or a relevant broker role. We offer a hybrid work model, competitive compensation, and professional development opportunities.

Benefits

Hybrid working model

Generous bonus scheme

Health and wellbeing benefits

Qualifications

• Minimum of 3 years of experience in underwriting or relevant experience in a broker role.
• Solid understanding of insurance products and the local insurance market landscape.
• Competence in pricing analysis, contract drafting, and policy management.

Responsibilities

• Underwrite new and renewal accounts to meet targets while negotiating terms with brokers.
• Ensure practices align with governance frameworks and achieve contract certainty.
• Support new business acquisition and retention efforts, building relationships with brokers and clients.

Skills

Relationship building

Analytical skills

Contract drafting

Pricing analysis

Education

3+ years in underwriting or broker role

Job description

ART Structured Underwriter

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for an ART Structured Underwriter, based in London.

Your Team

You’ll be joining a team of 7 underwriters, based in London, all with different backgrounds in insurance from broking to actuarial and operations. The ART team sits within the wider Allianz Commercial and predominantly looks at multi-year, multi-line, structured insurance or captive reinsurance programmes. As we work across all lines of business, we also maintain strong relationships with the other underwriting teams within Allianz in order to support our underwriting decisions. The wider London team also includes persons from ART legal, claims, actuarial and deal management with whom we work closely on a daily basis.

The Impact You Will Have

You will look to underwrite profitable new and renewal business to meet Line of Business (LoB) targets both locally and regionally. You will also be responsible for negotiating participation, pricing, and terms and conditions. You will take ownership of accounts and clients, ensuring their needs are met and expectations exceeded, while also developing and maintaining strong relationships with brokers and clients.

Some of your specific responsibilities could include:

• Underwrite new and renewal accounts to meet targets, with guidance on negotiating terms with brokers and managing capacity.
• Ensure underwriting practices align with governance frameworks, achieving contract certainty at inception and utilizing pricing tools effectively.
• Maintain accurate and comprehensive file records for each risk and transaction, supporting policy administration and credit control processes.
• Contribute to the regional Underwriting strategy, assist in training and coaching staff, and manage referrals with supervision.
• Support new business acquisition and retention efforts, represent Allianz Commercial in the market, and build strong relationships with brokers, clients, and stakeholders.

What You’ll Bring to the Role

• Minimum of 3 years of experience in underwriting or relevant experience in a broker role, such as Account Executive.
• Solid understanding of insurance products, portfolio management, and the regional/local insurance market landscape.
• Ability to build and maintain relationships with brokers and other key stakeholders in the market.
• Familiarity with insurance placements and their applications, including multinational transactions.
• Knowledge of the legal and regulatory framework relevant to the insurance industry.
• Experience in risk assessment and management within a complex organizational structure.
• Competence in pricing analysis, contract drafting, and policy management.
• Strong analytical skills with effective communication abilities.
• Familiarity with captives and their placement structure is a plus.
• A willingness to learn and explore how AI can enhance your role and the broader organization is expected.

88354 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

What’s in it for you?

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us? Let's care for tomorrow.

People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email [e-mail]

Recruitment Agencies:
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.