Construction Underwriter

Allianz UK; Greater London; Hybrid; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Flexible benefits

Hybrid working

Annual performance related bonus

Contributory pension scheme

Development days

Insurance product discounts

Retail discounts

Volunteering days

Job summary

Allianz UK is seeking a Construction Underwriter in London to underwrite new and renewal construction risks, manage extensions, and price risks in line with underwriting strategy. You will build strong broker and client relationships, negotiate terms, and identify opportunities to drive profitable growth.

Based in our London office with hybrid attendance at least two days per week, the role offers a comprehensive reward package and opportunities for development within the Allianz Group.

Qualifications

• Experience in construction underwriting including casualty/liability covers.
• Underwrite both new and renewal business effectively.
• Strong communication with brokers and clients.

Responsibilities

• Underwrite new business construction risks to meet growth targets.
• Manage extensions, ensuring retention and positive client outcomes.
• Assess and price risk per Allianz appetite and strategy.
• Build and maintain broker/client relationships through regular engagement.
• Negotiate terms and pricing to secure sustainable business.
• Identify and develop new business opportunities in the market.
• Contribute to regional underwriting strategy and initiatives.
• Collaborate with Claims, Operations and Risk teams.
• Represent Allianz positively at broker/client meetings.

Skills

Construction underwriting

New/renewal underwriting

Broker negotiation

Risk assessment

Profitability focus

Mentoring others

Job description

This is an exciting opportunity to join the expert-led Allianz Commercial team as a Construction Underwriter, playing a key role in delivering profitable growth across both new and existing business.

The candidate will support the development of a world-class, multi-niche Insurance & Engineering offering, contributing to ambitious regional growth targets.

Location: This role is based in the London office, with a hybrid working arrangement requiring attendance at least 2 days per week.

Salary Information

Pay is based on relevant experience, skills for the role, and location. Salary is one component of the total reward package.

About The Role

• Underwrite new business construction risks to meet growth and profitability targets
• Manage extensions, ensuring strong retention and positive customer outcomes
• Assess and price risk in line with Allianz appetite and underwriting strategy
• Build and maintain strong broker and client relationships through regular engagement
• Negotiate terms, conditions, and pricing with brokers to secure sustainable business
• Proactively identify and develop new business opportunities within the market
• Contribute to regional underwriting strategy and key business initiatives
• Collaborate with internal stakeholders including Claims, Operations, and Risk teams
• Represent Allianz positively in the market, attending broker and client meetings

Essential Skills

• Proven experience in construction underwriting, including casualty/liability covers
• Strong ability to underwrite both new and renewal business effectively
• Confident communicator, comfortable engaging with brokers and negotiating outcomes
• Analytical mindset with the ability to assess complex risks and market conditions
• Commercial awareness with a focus on profitable growth and retention
• Self‑motivated team player with the ability to support and mentor others

Desirable Skills

• Experience handling or exposure to slip business
• Proactive and driven with a strong focus on personal and professional development
• Ability to take initiative and contribute positively within a team environment
• Responsible Artificial Intelligence usage

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• Flexible buy/sell holiday options
• Hybrid working
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts
• Volunteering days

Our Ways of Working

Do you need flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Inclusive Support & Accessibility

At Allianz, we are committed to fostering building an inclusive, accessible workplace where everyone can thrive. As a Disability Confident employer, we welcome applications from disabled and neurodivergent candidates and offer tailored adjustments throughout the recruitment process and in the workplace, whether that’s assistive technology, ergonomic equipment, flexible working arrangements, mentoring or coaching. We want to encourage candidates to speak with us about any adjustments they may need. We’re here to support you.

If you have a disability or long‑term health condition and meet the essential criteria, you can choose to be considered through our Offer an Interview Scheme.

Closing date 20/10/26

We reserve the right to close the advert early if we reach enough applications.

Underwriting | Professional | Non-Executive | Allianz UK | Full-Time | Permanent