ART Senior Structured Underwriter in London

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

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for a dynamic person who wants to take a step outside the traditional mono-line placement structure and learn more about multi-line, capital efficient programmes which enhance client’s risk financing and retention strategies. No previous ART experience necessary.

Your Team

You’ll be joining a team of 7 underwriters, based in London, all with different backgrounds in insurance from broking to actuarial and operations. The ART team sits within the wider Allianz Commercial and predominantly looks at multi-year, multi-line, structured insurance or captive reinsurance programmes. As we work across all lines of business, we also maintain strong relationships with the other underwriting teams within Allianz in order to support our underwriting decisions. The wider London team also includes persons from ART legal, claims, actuarial and deal management with whom we work closely on a daily basis.

The Impact You Will Have

You will look to underwrite profitable new and renewal business to meet Line of Business (LoB) targets both locally and regionally. You will also be responsible for negotiating participation, pricing, and terms and conditions. You will take ownership of accounts and clients, ensuring their needs are met and expectations exceeded, while also developing and maintaining strong relationships with brokers and clients.

Some of your specific responsibilities could include:

• Underwrite new and renewal accounts to meet targets, negotiating terms with brokers, and managing capacity.
• Ensure underwriting aligns with governance frameworks, achieving contract certainty at inception and utilizing global pricing tools.
• Maintain comprehensive file records for each risk and transaction, supporting policy administration and credit control processes.
• Support regional Underwriting strategy, train and coach staff, manage referrals, and delegate work appropriately.
• Drive new business acquisition and retention, represent Allianz Commercial in the market, and maintain strong relationships with brokers, clients, and stakeholders.

What You’ll Bring to the Role

• Approximately 5+ years of market experience in underwriting or previous experience as a broker in an Account Executive / Account Director role.
• In-depth expert understanding of a LoB’s products, portfolio, and regional/local insurance markets and competitor landscape.
• Established relationships with brokers at peer group level within the market.
• Good understanding of insurance placements and their applications, including complex multinational transactions.
• Strong knowledge of the legal and regulatory framework relevant to the insurance industry.
• Experience working in complex, global matrix organizations, with skills in risk assessment and management.
• Experience in pricing analysis, contract drafting and interpretation, and robust policy management throughout the administration lifecycle.
• Analytical skills with excellent communication skills.
• Understanding of captives and their placement structure (preferable).
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

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 recognizes 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 center 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.

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.