At a Glance
- Tasks: Lead and develop a new Non-Payment Insurance business from the ground up.
- Company: Join a well-capitalised insurance group with a strong market presence.
- Benefits: Competitive salary, leadership opportunities, and a chance to shape a new venture.
- Other info: Dynamic role with significant growth potential and team-building opportunities.
- Why this job: Be at the forefront of innovation in non-payment insurance and make a real impact.
- Qualifications: Proven underwriting experience and strong relationships in the insurance market.
The predicted salary is between 60750 - 74250 £ per year.
Position Summary
Assured Guaranty is seeking a commercially driven and strategically minded senior leader to establish and lead a new Non-Payment Insurance (NPI) syndicate at Lloyd’s, within an established financial guaranty insurance and asset management group.
This is a unique opportunity for an experienced market professional to build a business from inception, shape underwriting strategy, and create a scalable and profitable franchise within a well-capitalised insurance group.
The successful candidate will bring deep expertise in non-payment insurance, structured finance and project finance.
They will possess strong market relationships across banks and brokers, exceptional underwriting capability, and experience building teams, infrastructure, and governance frameworks.
The position will report directly to senior management and will play a critical role in defining the company’s market positioning and long‑term growth strategy.
- Job Responsibilities
- Lead and develop a Non-Payment Insurance business from inception through the design and implementation of a business plan together with senior management.
- As Active Underwriter, lead day-to-day underwriting decisions and portfolio performance for the syndicate’s ensuring business is written within the agreed risk appetite, authority framework and the Syndicate Business Forecast.
- Ensure Lloyd’s underwriting standards and the managing agent’s governance requirements are met.
- Undertake underwriting duties for Non-Payment Insurance products.
- Structure and assess complex transactions involving project finance, single name corporates and structured finance.
- Develop and maintain strong relationships with banks, brokers, reinsurers, investors, and other market participants.
- Develop and advise on underwriting and portfolio risk frameworks.
- Take an active role in business development and marketing efforts, including travel.
- Represent the company externally with clients, brokers, reinsurers, regulators, and rating agencies where appropriate.
- Monitor portfolio performance, market developments, and emerging risks to ensure disciplined underwriting standards and portfolio quality.
- Advise on and help develop internal IT systems and operational infrastructure to support the business.
- Advise on and create a reinsurance programme to support underwriting capacity and portfolio management.
- Over time recruit, mentor, and lead a team of underwriters.
- Work closely with internal stakeholders and other business lines across the Assured group.
- Review project documentation and loan agreements as part of the underwriting process.
- Assume responsibility for overseeing and managing legal and regulatory projects when necessary.
- Candidate Background & Qualifications
- Significant proven underwriting experience within an insurance company, broker, bank operating in the credit and non-payment insurance market, with strong familiarity of the Lloyd’s market.
- Excellent relationships with brokers and banks across the structured credit and trade finance markets.
- Expertise in corporate credit, infrastructure, and project finance transactions.
- Familiarity with drafting and negotiating Non-Payment Insurance policies and related contractual documentation.
- Experience developing or advising on underwriting systems, IT infrastructure, and operational best practices.
- Experience establishing or managing reinsurance programmes.
- Experience with third‑party investor structures and alternative capital solutions.
- Strong credit analysis, underwriting judgement, and transaction structuring capability.
- Ability to manage KYC and compliance responsibilities with excellent verbal and written communication skills.
- Proven leadership capability, with prior management experience preferred.
- Entrepreneurial and commercially minded, with the ability to build a business from the ground up.
- Upbeat, dynamic, and driven personality with strong relationship management skills.
- Foreign language capability with business‑level proficiency is advantageous.
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Head of Non-Payment Insurance employer: Assured Guaranty
Assured Guaranty is an exceptional employer, offering a unique opportunity for the Head of Non-Payment Insurance to lead and shape a new syndicate at Lloyd’s within a well-capitalised insurance group. With a strong focus on employee growth, the company fosters a collaborative work culture that encourages innovation and strategic thinking, while providing access to extensive market relationships and resources. This role not only allows for significant professional development but also offers the chance to make a meaningful impact in the non-payment insurance sector.
