Underwriter - Political Risk & Specialty Credit

CHUBB; Greater London; On-site; GBP 80,000 - 115,000; Full time

Job summary

Chubb seeks an Underwriter to join its Political Risk & Specialty Credit team in London. The role focuses on evaluating, structuring and managing political risk and specialty credit opportunities across a diversified portfolio.

You will work with brokers, clients and internal partners to assess risk, support disciplined underwriting and contribute to portfolio development, ensuring clear documentation and adherence to guidelines.

Qualifications

• Experience in political risk, trade credit, structured credit or related underwriting.
• Strong analytical ability to review financial information and assess risk.
• Clear understanding of policy wording and conditions.
• Good written and verbal communication with stakeholders.

Responsibilities

• Underwrite political risk and specialty credit within delegated authority and portfolio goals.
• Review submissions, perform financial and country risk analysis, assess structures and security.
• Prepare underwriting recommendations and pricing rationale with documentation.
• Develop relationships with brokers and clients for renewals and new business.
• Negotiate terms while ensuring compliance with guidelines and regulations.
• Manage a portfolio of new and renewal business with monitoring of exposure.
• Collaborate with claims, legal, operations, finance and actuarial teams.
• Contribute to renewal strategy, pipeline reviews and internal reporting.
• Stay aware of geopolitical and macroeconomic developments affecting underwriting.

Skills

Political risk underwriting

Financial risk analysis

Policy structure & wording

Commercial underwriting

Broker/client communication

Portfolio management

Education

Finance/Economics/Law/Commerce/IR

Job description

Underwriter - Political Risk & Specialty Credit

London, United Kingdom

Job Description

The Opportunity

Chubb is seeking an Underwriter to join its Political Risk & Specialty Credit team. This role is focused on evaluating, structuring and managing political risk and specialty credit opportunities across a diversified portfolio. The position works closely with brokers, clients and internal partners to assess risk, support disciplined underwriting decisions and contribute to sustainable portfolio development.
The role combines technical underwriting judgement with market engagement and ongoing portfolio management. It will suit an underwriter who is comfortable analysing complex international risks, working across policy structures and maintaining clear, well-reasoned documentation.

Key Responsibilities

Underwrite political risk and specialty credit risks in line with delegated authority, appetite and portfolio objectives.

Review submissions, conduct financial and country risk analysis, and assess transaction structures, obligor quality, security package and policy wording requirements.

Prepare underwriting recommendations, pricing rationale and file documentation that clearly support risk selection decisions.

Develop and maintain relationships with brokers and clients, including participation in meetings, renewals and new business discussions.

Negotiate terms, conditions and endorsements while ensuring consistency with underwriting guidelines and legal, compliance and regulatory requirements.

Manage a portfolio of new and renewal business, monitoring exposure, accumulation, tenor, sector and country concentrations.

Work closely with colleagues across claims, legal, operations, finance and actuarial functions to support effective policy execution and portfolio management.

Contribute to internal reporting, renewal strategy, pipeline management and portfolio reviews.

Maintain awareness of geopolitical, macroeconomic and market developments relevant to political risk and specialty credit underwriting.

Qualifications

Skills & Experience

Proven experience in political risk, trade credit, structured credit, surety, financial lines or a related commercial underwriting discipline.

Strong analytical capability, including the ability to review financial information, assess transaction risk and form balanced underwriting conclusions.

Sound understanding of policy structure, wording considerations and the practical application of terms and conditions.

Commercial judgement and the ability to balance client needs with underwriting discipline.

Clear written and verbal communication skills, with the ability to present recommendations succinctly and engage confidently with brokers and internal stakeholders.

Strong organisational skills and the ability to manage multiple priorities in a deadline-driven environment.

Attention to detail and a disciplined approach to documentation, governance and file management.

Relevant tertiary qualifications in finance, economics, law, commerce, international relations or a related field would be beneficial.

Job Info

• Job Identification 37170
• Job Schedule Full time
• Regular or Temporary Regular
• Business Unit United Kingdom
• Legal Employer Chubb European Group SE UK Branch