ART Structured Underwriter

Allianz; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance company is seeking an ART Structured Underwriter based in London. The ideal candidate will have over 3 years of underwriting experience and a solid understanding of insurance products. Responsibilities include underwriting new and renewal business, negotiating terms with brokers, and maintaining accurate records. This position requires strong analytical skills and the ability to build relationships with clients and brokers, all while contributing to the overall Underwriting strategy of the firm.

Qualifications

• Minimum of 3 years of experience in underwriting or relevant experience in a broker role.
• Solid understanding of insurance products and portfolio management.
• Ability to build and maintain relationships with key stakeholders.

Responsibilities

• Underwrite new and renewal accounts to meet targets.
• Negotiate participation and pricing with brokers.
• Maintain accurate file records for each risk and transaction.
• Contribute to regional Underwriting strategy and assist in training.

Skills

Underwriting experience

Insurance products knowledge

Relationship building

Risk assessment

Strong analytical skills

Job description

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 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 | Non-Executive | Allianz Commercial | Full-Time | Permanent