Senior Underwriter, Global Captive Fronting, Alternative Risk Transfer

Allianz UK; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid working model

Generous bonus scheme

Private healthcare

Job summary

Allianz Commercial in London is seeking a Captive Fronting Senior Underwriter to join the ART team. You will manage underwriting for global captive fronting accounts and act as SME for Captive Fronted programs, collaborating with brokers and clients worldwide.

You will provide technical guidance, drive growth, and ensure governance, compliance, and delivery of service standards across regions. Strong communication and market insight are essential.

Qualifications

• Captive Fronting or multinational experience is required.
• Strong understanding of lines of business, market landscape, and regulatory framework.
• Ability to assess risk exposures and natural hazards.
• Experience in contract drafting and interpretation for program structures.
• Deep knowledge of policy administration life cycle, information collection, policy insurance, premium bookings, cancellation and credit control.
• Excellent communication and presentation skills.
• Experience applying AI/ML to improve business processes is a plus.
• Fluent English language skills.

Responsibilities

• Portfolio growth - Develop new business in conjunction with market management and LOBs.
• Governance and Compliance - Adhere to corporate compliance standards and requirements for credit risk, legal documentation, credit enhancements, deal sign off procedures, sanctions compliance and licensing requirements.
• Relationship Management - Promote and market the ART value proposition for fronting and structured underwriting to the market and internally within the AGCS and Allianz Group; build strong relationships with client and broker contacts.
• Market Insight and Reporting - Develop and maintain client/industry segment insights; deliver market/competitor insights to the business; implement KPIs and SLAs to measure and improve performance globally and locally.
• Manage a portfolio of Global Captive Fronting Multinational accounts with responsibility for credit exposures, governance, service standards, fee negotiation and client relationship management.

Skills

Captive Fronting

Multinational experience

Risk assessment

Contract drafting

Policy management

Stakeholder management

Fluent English

Education

CII qualification

Job description

Description

We are looking for a Captive Fronting Senior Underwriter to join our Alternative Risk Transfer team based in London.

Your Team

In Alternative Risk Transfer (ART), we create innovative tailored structured insurance, captive reinsurance and other non-traditional risk management solutions for a wide range of corporate and financial clients globally. We specialize in helping our customers mitigate their most complex risks with bespoke multi-year and multi-line agreements covering a broad range of risks, leveraging our expertise in alternative risk transfer and the global capabilities of the Allianz Group. We operate through Allianz Commercial offices in Zurich, London, New York, Belgium, Bermuda, and Singapore.

The Impact You Will Have

Reporting to Manager, Global Captive Fronting, the Senior Underwriter is responsible for the profitable underwriting and management of new and renewal business to meet global LoB targets for the portfolio of Global Captive Fronting accounts. You will act as the Subject Matter Expert for Captive Fronted business, and the key relationship point of contact for clients and brokers on designated accounts.You will also provide technical advice in respect of Captive Fronted program structures and design to the Allianz Commercial Product Lines and develop new business initiatives in conjunction with Market Management

Key challenges will be to contribute to the growth of the portfolio in terms of accounts and fee income and market the ART Global Captive Fronting value proposition and to manage credit exposures.You will also actively collaborate with peers in ART LoB, Allianz Commercial LoBs and the Multinational Unit.

Some of your specific responsibilities could include:

• Portfolio growth - Develop new business in conjunction with market management and LOBs.
• Governance and Compliance - Adhere to corporate compliance standards and requirements for credit risk, legal documentation, credit enhancements, deal sign off procedures, sanctions compliance and licensing requirements.
• Relationship Management -Promote and market the ART value proposition for fronting and structured underwriting to the market and internally within the AGCS and Allianz Group Build strong relationships with key client and broker contacts, develop relationships with AGCS LOBs and the Multinational Unit
• Market Insight and Reporting - Develop and maintain a current and comprehensive client and industry segment insight, deliver relevant market and competitor insight to the business, develop, implement and broadcast operational measurements, KPIs and SLAs to measure, steer and improve business globally and locally
• Manage a portfolio of Global Captive Fronting Multinational accounts - overall responsibility for the management of the credit exposures, governance and compliance of the portfolio, responsible for the delivery of the agreed upon service standards, fee negotiation, account profitability and client relationship management.

What You’ll Bring to the Role

• Captive Fronting or multinational experience would be advantageous
• Good understanding of our lines of business, competitor landscape and legal/regulatory framework
• Intermediate risk assessment and management skills with the ability to assess risk inherent exposures and natural hazards
• Experience in contract drafting and interpretation which incorporates the design, development and implementation of consistent, robust wording
• Advanced insight and experience in policy management. Including a robust understanding of policy administration life cycle, information collection, policy insurance, premium bookings, cancellation and credit control Evidence of relationship building with brokers at peer group level
• Clear and effective expression of ideas and messages via presentations/speech and in writing
• Ability to persuade and motivate others to act without direct authority
• Ability to work in an international environment and outstanding inter-cultural skills
• Outstanding analytical skills with ability to analyse complex data / information from multiple sources
• Commitment to undertaking or completing relevant professional qualifications e.g. CII.
• Fluent English language skills.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

102969 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

What’s in it for you?

Let’s care about everything that makes you, 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?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

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.

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]