Regional Head of Financial Institutions 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 Regional Head of Financial Institutions, based in London.

The Impact You Will Have

At Allianz Commercial, 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 (FI) risks in the market.

Reporting to the Regional Head of Financial Lines, UK, you will deliver clear underwriting strategies for the regional team. You will have ownership of selected key/large accounts. You will also share your expertise and train staff.

Some of your specific responsibilities could include:

• Develop and execute the strategy for the FI portfolio for the UK region within the framework of the global strategy for the Line of Business (LoB).
• Develop targeting strategy for new opportunities in the FI market.
• Manage a team of underwriters with different levels of expertise.
• Collaborate with relevant internal stakeholders (e.g., Underwriting, Operations, Actuarial, Finance, etc.) to enable delivery of underwriting targets.
• Underwrite large new and renewal accounts to meet top and bottom line targets.
• Negotiate participation, pricing, and terms and conditions with brokers.
• Underwrite and take referrals in line with FI governance framework – e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules, and Principles.
• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
• Positively represent Allianz Commercial externally to the market.

What You’ll Bring to the Role

• 7-10 years of experience underwriting profitable business in the FI segment of large corporate international insurance.
• Preferably, you bring people management experience.
• Ideally, you are CII qualified or equivalent, or working towards it.
• You have recognized relationships with clients and brokers at the peer group level and are well established within your reference market.
• Specialized understanding of regional/national FI insurance markets and the competitor landscape.
• Ability to negotiate effectively, achieving the best outcome for your portfolio while maintaining positive business relationships with your clients and brokers.
• Ability to leverage data and analytics to make business more efficient and effective.
• Good understanding of the legal and regulatory framework.
• Ability to design, develop, and implement consistent, robust wordings for contracts.
• Demonstrated ability to collaborate effectively with colleagues across various departments, fostering a team-oriented environment and contributing to collective success.
• Excellent interpersonal skills and communication skills.
• You should be able to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.
• Fluent English skills.

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 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.

Learn more about careers at Allianz Commercial by clicking here.

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.

Join us. Let's care for tomorrow.

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. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.