Senior Underwriter, Financial Institutions

Allianz Global Corporate & Specialty
  • Job Purpose/ Role

    At AGCS we combine specialist expertise and global reach with high levels of AA rated underwriting capacity to industry specific exposures. This allows us to establish a reputation as leaders of some of the largest and most complex Financial Institutions risks in the market.~crlf~ ~crlf~Based in London and reporting to Head of Commercial D&O & Financial Institutions, you will work closely with clients and brokers to develop personalized solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet Financial Institutions targets regionally including global elements. Your responsibilities also include negotiating participation, pricing and terms & conditions, acquiring new business and retaining existing business.

  • Key Responsibilities

    In this role you will….~crlf~##Underwrite in line with Financial Institutions governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles~crlf~##Ensure contract certainty is achieved on all accounts at time of inception~crlf~##Drive involvement of functional areas in Underwriting process, including Market Management, Risk Consulting, Claims, Operations~crlf~##Manage referrals from underwriters and re-underwrite complex business as appropriate~crlf~##Contribute to the development and execution of regional Underwriting strategy for Financial Institutions ~crlf~##Create and maintain positive relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)~crlf~##Ensure accurate policy documentation is issued to producers (where it is AGCS’ responsibility to do so) or producers has issued documentation (where producer responsibility).

  • Key Requirements/ Skills

    ##You have a degree either in Economics, law or other appropriate discipline~crlf~##You have at least 5 years’ experience as an Underwriter, Broker or relevant equivalent in the Financial Institutions sector~crlf~##Ideally you are CII qualified or equivalent or working towards it~crlf~##You have experience underwriting profitable business in the Financial Institutions segment of large corporate international insurance ~crlf~##You have recognized relationships with clients and brokers at peer group level and are well established within the market~crlf~##You have a specialized understanding of regional / local Financial Institutions insurance markets and competitor landscape~crlf~##Capable of leveraging data and analytics to make business more efficient and effective~crlf~##You have a good understanding of the legal and regulatory framework~crlf~##You can design, develop and implement consistent, robust wordings for contracts.

  • Additional Information

    AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.~crlf~ ~crlf~At Allianz Global Corporate & Specialty (AGCS) we offer the opportunity to work in a dynamic environment with global challenges at the world’s leading P&C insurer. ~crlf~ ~crlf~Did you know Allianz insures more than half of the Fortune Global 500® companies, or that AGCS insures major movie productions, cyber security threats, and that we are the leading specialist in satellite and space insurance?~crlf~ ~crlf~We have offices in 29 countries and with our extensive Allianz and partner network we help customers in more than 160 countries worldwide. ~crlf~ ~crlf~At AGCS UK we are not only impressive for our clients, but also for our employees as we offer the following generous benefits:~crlf~ ~crlf~-Flexible buy/sell holiday options~crlf~-Bupa private medical insurance~crlf~-Generous pension contributions~crlf~-Enhanced paid maternity, paternity, shared parental leave~crlf~-Sabbaticals~crlf~-Flexible working options~crlf~-Subsidized on-site massages~crlf~-Employee stock purchase plan for Allianz shares~crlf~-Education / study sponsorship~crlf~-Global mobility within AGCS and the wider Allianz Group ~crlf~ ~crlf~…and many more individual flexible benefits to choose from. We pride ourselves on our approach to wellbeing and provide regular seminars, activities, and events devoted towards the overall health of our employees.~crlf~ ~crlf~We are looking for talented individuals who are passionate about what they do – come and find out why AGCS is the place for you!

  • About Allianz

    Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

    Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

    Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~

Job Purpose/ Role

At AGCS we combine specialist expertise and global reach with high levels of AA rated underwriting capacity to industry specific exposures. This allows us to establish a reputation as leaders of some of the largest and most complex Financial Institutions risks in the market.~crlf~ ~crlf~Based in London and reporting to Head of Commercial D&O & Financial Institutions, you will work closely with clients and brokers to develop personalized solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet Financial Institutions targets regionally including global elements. Your responsibilities also include negotiating participation, pricing and terms & conditions, acquiring new business and retaining existing business.

Key Responsibilities

In this role you will….~crlf~##Underwrite in line with Financial Institutions governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles~crlf~##Ensure contract certainty is achieved on all accounts at time of inception~crlf~##Drive involvement of functional areas in Underwriting process, including Market Management, Risk Consulting, Claims, Operations~crlf~##Manage referrals from underwriters and re-underwrite complex business as appropriate~crlf~##Contribute to the development and execution of regional Underwriting strategy for Financial Institutions ~crlf~##Create and maintain positive relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)~crlf~##Ensure accurate policy documentation is issued to producers (where it is AGCS’ responsibility to do so) or producers has issued documentation (where producer responsibility).

Key Requirements/ Skills

##You have a degree either in Economics, law or other appropriate discipline~crlf~##You have at least 5 years’ experience as an Underwriter, Broker or relevant equivalent in the Financial Institutions sector~crlf~##Ideally you are CII qualified or equivalent or working towards it~crlf~##You have experience underwriting profitable business in the Financial Institutions segment of large corporate international insurance ~crlf~##You have recognized relationships with clients and brokers at peer group level and are well established within the market~crlf~##You have a specialized understanding of regional / local Financial Institutions insurance markets and competitor landscape~crlf~##Capable of leveraging data and analytics to make business more efficient and effective~crlf~##You have a good understanding of the legal and regulatory framework~crlf~##You can design, develop and implement consistent, robust wordings for contracts.

Additional Information

AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.~crlf~ ~crlf~At Allianz Global Corporate & Specialty (AGCS) we offer the opportunity to work in a dynamic environment with global challenges at the world’s leading P&C insurer. ~crlf~ ~crlf~Did you know Allianz insures more than half of the Fortune Global 500® companies, or that AGCS insures major movie productions, cyber security threats, and that we are the leading specialist in satellite and space insurance?~crlf~ ~crlf~We have offices in 29 countries and with our extensive Allianz and partner network we help customers in more than 160 countries worldwide. ~crlf~ ~crlf~At AGCS UK we are not only impressive for our clients, but also for our employees as we offer the following generous benefits:~crlf~ ~crlf~-Flexible buy/sell holiday options~crlf~-Bupa private medical insurance~crlf~-Generous pension contributions~crlf~-Enhanced paid maternity, paternity, shared parental leave~crlf~-Sabbaticals~crlf~-Flexible working options~crlf~-Subsidized on-site massages~crlf~-Employee stock purchase plan for Allianz shares~crlf~-Education / study sponsorship~crlf~-Global mobility within AGCS and the wider Allianz Group ~crlf~ ~crlf~…and many more individual flexible benefits to choose from. We pride ourselves on our approach to wellbeing and provide regular seminars, activities, and events devoted towards the overall health of our employees.~crlf~ ~crlf~We are looking for talented individuals who are passionate about what they do – come and find out why AGCS is the place for you!

About Allianz

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~


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