Senior Underwriter D&O

This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.

We are looking for a Senior Underwriter - D&O, based in London.

The Impact You Will Have

Based in London and reporting to Head of Commercial D&O, you will work closely with clients and brokers to develop personalised solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet D&O targets regionally including global elements. Your responsibilities also include negotiating participation, pricing and terms & conditions, acquiring new business and retaining existing business.

Some of your specific responsibilities could include:

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

What You'll Bring to the Role

• You have at least 5 years' experience as an Underwriter, Broker or relevant equivalent in the D&O sector
• Ideally you are CII qualified or equivalent or working towards it
• You have experience underwriting profitable business in the D&O segment of large corporate international insurance
• You have recognised relationships with clients and brokers at peer group level and are well established within the market
• You have a specialised understanding of international and local D&O insurance markets and competitor landscape
• Capable of leveraging data and analytics to make business more efficient and effective
• You have a good understanding of the legal and regulatory framework
• You can design, develop and implement consistent, robust wordings for contracts.
• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.

What's in it for you?

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognises the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

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.

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.

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.

Allianz Commercial is the centre of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust. We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

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 agcsglobalcareers@allianz.com

Recruitment Agencies: Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial 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.