Underwriter Surety (Hybrid work)

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft; Greater London; Hybrid; GBP 63,000 - 95,000; Full time

Benefits offered by this job

Performance-based variable compensation

Global and location specific benefits

Job summary

Swiss Re - Schweizerische Rückversicherungs-Gesellschaft is seeking an Underwriter Surety to join their London team. In this role, you will conduct comprehensive risk assessments, manage a client portfolio, and build strong relationships with clients and brokers. We are looking for candidates with a minimum of 3 years of experience, a strong understanding of credit risks, and excellent analytical skills.

The position offers a hybrid work model, with a competitive annual salary range between GBP 63,000 and GBP 95,000, plus performance-based compensation.

Qualifications

• Minimum 3 years of relevant professional experience within a bank, surety insurer, or financial institution.
• Strong understanding of credit risks and financial markets.
• Proven analytical and decision-making skills.

Responsibilities

• Conduct comprehensive risk assessments for clients.
• Manage client portfolio and transactions.
• Build and nurture strong client and broker relationships.

Skills

Credit risk assessment

Client management

Analytical thinking

Communication skills

Education

University degree in finance, economics, law, or related discipline

Job description

Are you ready to bring your risk and financial expertise to a dynamic, global environment? Join Swiss Re Corporate Solutions in London and play a key role in supporting our UK, Irish and international clients with their surety and guarantee needs. This is your opportunity to combine analytical excellence with meaningful client relationships — all within a truly entrepreneurial and collaborative setting.

About the Role

As an Underwriter Surety based in London, you will be an integral part of our growing Surety Europe team, connecting analytical insight with hands‑on client management. You will work closely with corporates and brokers across the UK, Ireland and internationally, balancing risk underwriting with client‑facing responsibilities. This role offers a fantastic platform to develop your surety career within one of the world's leading surety groups.

Key responsibilities:

• Conduct comprehensive risk assessments for new and existing clients, ensuring alignment with Swiss Re's risk appetite while maintaining the highest standards of client satisfaction
• Manage your own client portfolio and transactions, identifying and developing new business opportunities across the UK, Ireland and broader Europe
• Analyse and evaluate credit and transactional risks in close collaboration with internal stakeholders, applying rigorous financial and legal due diligence
• Approve transactions within your own authority levels and prepare structured submissions for relevant committees
• Build and nurture strong client and broker relationships through regular, proactive engagement and meaningful face‑to‑face interactions
• Conduct market analysis to identify changes in the underwriting, market and legal landscape, assessing their risk implications and adapting strategies accordingly
• Collaborate with and support colleagues across the wider European Surety team, contributing to a culture of shared knowledge and continuous improvement

About the Team

Backed by more than 150 years of experience, significant capacity and the financial strength of the Swiss Re Group, Swiss Re Corporate Solutions solves the risk management and financing needs of corporations around the globe. We pursue the goal of results‑oriented underwriting. The positive relationship with our customers and brokers in the UK, Ireland and broader Europe, combined with our strong brand, is the foundation of our success. If you share the passion for surety and financial products, we encourage you to apply for this position. As part of a global team offering tailor‑made solutions across a broad range of surety products, you will have the opportunity to join a highly motivated team that shares the same passion for this business.

About You

You thrive in an international, team‑oriented environment and enjoy combining analytical thinking with client engagement. You are a proactive communicator who builds trust with clients and business partners naturally, and you bring a solutions‑focused mindset to every challenge. You are comfortable working both independently and collaboratively, and you are eager to contribute to the continued growth of a market‑leading surety business.

We are looking for candidates who meet these requirements:

• Minimum 3 years of relevant professional experience, preferably within a bank, surety insurer or financial institution with exposure to credit and guarantee products
• Strong understanding of credit risks and financial markets, particularly in relation to debt financing, capital market instruments and surety/guarantee structures
• Proven analytical and decision‑making skills, with the ability to assess complex credit and transactional risks and translate findings into clear, structured recommendations
• Confident communication and interpersonal skills, with demonstrated experience engaging with clients, brokers and internal stakeholders at a professional level
• Proficiency in English (written and verbal) is essential; additional European language skills are a strong advantage

These are additional nice to haves:

• Experience working with multinational corporations or in a cross‑border European surety/credit context
• Familiarity with legal due diligence processes related to surety or guarantee transactions
• Entrepreneurial mindset with a strong focus on identifying and originating new business opportunities
• Experience using data and market intelligence tools to monitor portfolio performance and market trends
• A university degree or equivalent qualification in finance, economics, law or a related discipline #LI-Hybrid

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.

For London, theannual base salary range for this position is between GBP 63 000 and GBP 95 000 (for a full‑time role). The specific salary offered considers:

the requirements, scope, complexity and responsibilities of the role,

the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience.

In addition to your base salary, Swiss Re offers an attractive performance‑based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.

About Swiss Re Corporate Solutions

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance‑based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry‑leading claims service provides them with additional peace of mind.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

We may use AI‑powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

Start your career journey with Swiss Re.