Underwriter, Liability

Allianz Global Corporate & Specialty
  • Job Purpose/ Role

    Based in London and reporting to the UK Liability Manager, you will be responsible for underwriting profitable new and renewal business to meet Liability targets. You will also be negotiating participation, pricing and terms and conditions. You will take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.

  • Key Responsibilities

    In this role you will….~crlf~##Underwrite new and renewal accounts to meet top and bottom line targets~crlf~##Negotiate participation, pricing and terms and conditions with brokers~crlf~##Proactively manage capacity ~crlf~##Underwrite in line with the governance framework eg. Underwriting Authorities, global MSU and Underwriting Guidelines~crlf~##Ensure contract certainty is achieved on all accounts at time of inception~crlf~##Use global pricing tools~crlf~##Issue accurate policy documentation to the broker (where AGCS responsibility to do so) or ensure the broker has issued documentation (where broker responsibility)~crlf~##Set up and maintain a file for each risk and transaction handled~crlf~##Proactively support completion of policy administration and credit control processes~crlf~##Support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)~crlf~##Liaise with Market Management and Communications teams on market management initiatives~crlf~##Positively represent AGCS externally to the market~crlf~##Drive the involvement of other functional areas in the Underwriting process, including Market Management, Claims and Operations~crlf~##Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (eg. risk managers)

  • Key Requirements/ Skills

    ##Ideally CII qualified or equivalent or working towards it~crlf~##At least 2 years’ experience as an Underwriter, Broker or relevant equivalent in the General Liability sector~crlf~##Ability to assess risk inherent exposures ~crlf~##You are able to analyze current performance against benchmarks, applying how the market operates and functions, the business and customer needs~crlf~##Able to design, develop and issue bespoke and robust wordings and you understand the policy administration life cycle through to credit control~crlf~##You can express ideas and messages clearly and effectively both verbally and in writing~crlf~##You create relationships with ease and communicate well with a wide range of people~crlf~##You embrace agile working and engage in constant learning, to adapt to internal and external customer needs~crlf~##You have good analytical skills, able to study data in detail and draw appropriate conclusions

  • 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

Based in London and reporting to the UK Liability Manager, you will be responsible for underwriting profitable new and renewal business to meet Liability targets. You will also be negotiating participation, pricing and terms and conditions. You will take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.

Key Responsibilities

In this role you will….~crlf~##Underwrite new and renewal accounts to meet top and bottom line targets~crlf~##Negotiate participation, pricing and terms and conditions with brokers~crlf~##Proactively manage capacity ~crlf~##Underwrite in line with the governance framework eg. Underwriting Authorities, global MSU and Underwriting Guidelines~crlf~##Ensure contract certainty is achieved on all accounts at time of inception~crlf~##Use global pricing tools~crlf~##Issue accurate policy documentation to the broker (where AGCS responsibility to do so) or ensure the broker has issued documentation (where broker responsibility)~crlf~##Set up and maintain a file for each risk and transaction handled~crlf~##Proactively support completion of policy administration and credit control processes~crlf~##Support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)~crlf~##Liaise with Market Management and Communications teams on market management initiatives~crlf~##Positively represent AGCS externally to the market~crlf~##Drive the involvement of other functional areas in the Underwriting process, including Market Management, Claims and Operations~crlf~##Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (eg. risk managers)

Key Requirements/ Skills

##Ideally CII qualified or equivalent or working towards it~crlf~##At least 2 years’ experience as an Underwriter, Broker or relevant equivalent in the General Liability sector~crlf~##Ability to assess risk inherent exposures ~crlf~##You are able to analyze current performance against benchmarks, applying how the market operates and functions, the business and customer needs~crlf~##Able to design, develop and issue bespoke and robust wordings and you understand the policy administration life cycle through to credit control~crlf~##You can express ideas and messages clearly and effectively both verbally and in writing~crlf~##You create relationships with ease and communicate well with a wide range of people~crlf~##You embrace agile working and engage in constant learning, to adapt to internal and external customer needs~crlf~##You have good analytical skills, able to study data in detail and draw appropriate conclusions

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~


You have found the perfect job? It’s time to work on your application. We have some tips for you!

Ready to apply? Train your interview situation upfront through Google Assistant. The platform provides you with information about Allianz useful for your interview preparation, such as:

  • details on the application process
  • Allianz facts & figures
  • information on our corporate culture

How does it work? Let Google Assistant on your smartphone or on your Google Home device know: “Hey Google, I want to talk to Allianz Careers.”

Register/ login to our application system and you will receive a confirmation email with your login data shortly. Fill out the application form. You can upload your data via LinkedIn (or Xing). Find more information about our password rules in our FAQ.

 Please note that the system cannot process ZIP files, protected PDF formats or attachments larger than 7 MB. You can upload your files in the following formats:

  • PDF
  • MS Office formats (Word, PowerPoint, Excel)
  • Graphics Interchange Format (.gif)
  • Joint Photographic Experts Group format (.jpeg)
  • Joint Photographic Group format (.jpeg)
  • Portable Network Graphics (.png)

Find more information in our FAQ.

 

Login to our application system and check your personal start page to see the status of your application. You can release your profile so that our recruiters can find you in the system and contact you. Find more information in our FAQ.

Could not find the right job? We can help you with that. Sign up for job alerts! You will automatically receive a personalized job alert when a job that fits your experience and interests becomes available.

When you get invited for a first interview, make sure to check our website to learn more about Allianz as an employer, our culture and values and get some insights to prepare yourself for the interview.

If you experience technical problems with our application system, check our FAQ for more information . Problem still not resolved? Please send an email with your request and a full screenshot of the error message to careers@allianz.com or send us a message via WhatsApp: +491735686280.
We offer an inclusive environment where everyone can be successful
Working flexibly from different locations – whatever works best for you
We recognize strong performance with attractive rewards
We help you to prepare and plan for your future
Join our truly global team and discover international career opportunities
Development programs, Underwriting & Claims Academy for your career enhancement
Sang Hun, AZ RE


Discover the Allianz team
 

"Underwriting at Allianz, where one dares to be the bulwark of risk taking."


Sang Hun, Allianz SE Reinsurance

7 steps of the application process at Allianz.

From planes and drones to the world’s largest railway tunnel to hurricanes – when it comes to protecting businesses we’ve got the major risks fully covered.

Explore