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Marine Liability &/or Ports & Terminals Underwriter - based in London

Job Level:  Professional

London, GB, EC3V 0HR

Available until:  27/01/2023
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate & Specialty
Employing Entity:  Allianz Global Corporate & Specialty SE
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  16534

Let’s care for tomorrow.
Your ambitions.  Your dreams.  Your tomorrow.


At Allianz Global Corporate and Specialty SE (AGCS), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) has the major risks covered when it comes to protecting businesses.


We are looking for a Marine Liability &/or Ports & Terminals Underwriter, based in London.


Your Team 
You will be part of the Marine team based in Gracechurch street in London which forms part of the wider Marine Line of Business with offices around the Globe. The team is a collaborative, client focused unit which has a technical underwriting approach to its portfolio. It is also a friendly and supportive group.


The Impact You Will Have 
Based in London and reporting directly to the Marine Liability / Ports & Terminals Underwriter Team Leader, you will underwrite profitable new and renewal business to meet Marine Line of Business targets. You will also be negotiating participation, pricing and terms and conditions.  You will be expected to take ownership of accounts and clients, as well as developing and maintaining relationships with existing and new brokers and clients.


Some of your specific responsibilities could include

  • Underwrite new and renewal accounts to meet top and bottom line targets
  • Negotiate participation, pricing and terms and conditions with brokers
  • Proactively manage capacity 
  • Underwrite and evaluate capacity aggregations including Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios 
  • Underwrite Multinational Programs where appropriate
  • Underwrite in line with Line of Business governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
  • Ensure contract certainty is achieved on all accounts at time of inception as well as ensure utilisation of global pricing tools
  • Ensure placing and binding of FAC Reinsurance prior to policy inception and accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)
  • File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
  • Proactively support completion of policy administration and credit control processes as well as acquisition of new business and retention of existing business  (including client and broker negotiations where necessary) and  liaise with MMC on market management initiatives
  • Positively represent AGCS externally to the market
  • Proactively drive involvement of functional areas in Underwriting process, including MMC, ARC, Claims, Operations
  • Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (eg. risk managers)
  • Train, develop and coach less experienced staff (including Junior Underwriters, Operations and Credit Control)

What You’ll Bring to the Role

  • Ideally CII qualified or equivalent or working towards it
  • At least 5 years’ experience as an Underwriter, Broker or in Risk Management in the marine sector
  • Risk Assessment and Management: ability to assess risk inherent exposures and natural hazards relevant to the Marine Line of Business
  • Pricing and Market management: analyse current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
  • Experience in designing and implementing consistent and robust wordings
  • Solid understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control and cancellation
  • Excellent communication skills
  • Ability to create relationships and communicate clearly at all levels and with a wide range of people
  • Ability to persuade and motivate others to act, without executive authority
  • Analytical skills
  • Knowledge of aggregation tools  would be a bonus


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.


16534 | Underwriting | Professional | Allianz Global Corporate & Specialty | 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 Global Corporate & Specialty (AGCS) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.  Learn more about us by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic.  Diversity of thinking is an important part of our company culture.


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


Recruitment Agencies: 
AGCS has an in-house recruitment team, which focuses on sourcing great candidates directly. AGCS does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.