At a Glance
- Tasks: Underwrite US Casualty business and build strong broker relationships.
- Company: Join Allianz Commercial, a leader in complex Liability risks.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Why this job: Make an impact in the insurance industry with your expertise.
- Qualifications: 7-10 years in US Casualty underwriting or broking experience required.
- Other info: Opportunity to work in a global matrix organisation with innovative insights.
The predicted salary is between 72000 - 108000 £ per year.
We are looking for a Senior Underwriter to underwrite US Casualty business, 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 Liability risks in the market. Reporting directly to the Head of US Casualty, Regional Unit London, you will underwrite profitable US-domiciled Casualty business. You will develop strong broker and client relationships and undertake business travel where necessary.
Responsibilities
- Underwrite large new and renewal accounts to meet top and bottom line targets.
- Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity.
- Provide expert underwriting perspective in the development of new insurance products, responding to client need or emerging risks in the marketplace.
- Underwrite in line with the US Casualty governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles.
- Proactively support acquisition of new business and retention of existing business.
- Positively represent Allianz Commercial externally to the market and encourage more junior team members to raise their own profile and that of the team.
What You'll Bring to the Role
- About 7-10 years' proven experience in the US Casualty large corporate marketplace, either in underwriting or broking.
- Strong understanding of risk assessment, insurance program structure design, and contract wordings.
- Ideally CII/CPCU qualified or working towards it.
- Recognised relationships with clients and brokers at peer group level and well-established within your reference market.
- Excellent communication and influencing skills.
- Specialised understanding of regional/national US Casualty insurance markets and the competitor landscape.
- Ability to negotiate effectively achieving the best outcome for the 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.
- You should be able to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.
- Ability to work in a global matrix organization.
- Fluent English skills, with any other languages being advantageous.
Senior Underwriter - US Casualty (US Desk, London) employer: Allianz
Contact Detail:
Allianz Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - US Casualty (US Desk, London)
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Expertise
When you get the chance to chat with hiring managers or recruiters, make sure to highlight your experience in US Casualty underwriting. Share specific examples of how you've tackled complex risks and built strong broker relationships. We want to see your skills in action!
✨Prepare for the Interview
Do your homework on Allianz Commercial and the US Casualty market before your interview. Be ready to discuss current trends and how you can contribute to the team. We love candidates who come prepared and show genuine interest in what we do!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re serious about joining our team at Allianz Commercial.
We think you need these skills to ace Senior Underwriter - US Casualty (US Desk, London)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Underwriter role. Highlight your experience in US Casualty and any relevant qualifications like CII/CPCU. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how your skills can benefit Allianz Commercial. We love seeing genuine enthusiasm for the role.
Showcase Your Relationships: Since building strong broker and client relationships is key, mention any established connections you have in the industry. We value candidates who can hit the ground running and bring their network along!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Allianz Commercial!
How to prepare for a job interview at Allianz
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of US Casualty underwriting. Familiarise yourself with the latest trends, regulations, and market dynamics. Being able to discuss specific cases or examples from your experience will show that you’re not just knowledgeable but also passionate about the field.
✨Build Rapport with Brokers
Since building strong relationships with brokers is key in this role, think about how you can demonstrate your relationship-building skills during the interview. Share examples of how you've successfully negotiated terms or managed broker relationships in the past. This will highlight your ability to connect and collaborate effectively.
✨Showcase Your Analytical Skills
The job requires leveraging data and analytics, so be prepared to discuss how you've used these tools in your previous roles. Bring examples of how your analytical approach has led to better decision-making or improved outcomes in underwriting. This will show that you can integrate insights into your work.
✨Prepare for Scenario Questions
Expect scenario-based questions that test your problem-solving and negotiation skills. Think about potential challenges you might face in underwriting large accounts and how you would address them. Practising these scenarios will help you articulate your thought process clearly and confidently during the interview.