At a Glance
- Tasks: Lead and develop a new Non-Payment Insurance business at Lloyd’s from the ground up.
- Company: Join Assured Guaranty, a well-capitalised insurance group with a strong market presence.
- Benefits: Competitive salary, leadership role, and the chance to shape a new business.
- Other info: Opportunity for career growth and to lead a dynamic team.
- Why this job: Be a key player in building a profitable franchise and making impactful decisions.
- Qualifications: Proven underwriting experience and strong relationships in the credit insurance market.
The predicted salary is between 100000 - 150000 £ 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.
Head of Non-Payment Insurance in London 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.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Non-Payment Insurance in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Assured Guaranty). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Assured Guaranty. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Head of Non-Payment Insurance in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Assured Guaranty.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Assured Guaranty. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Assured Guaranty
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Assured Guaranty to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Assured Guaranty, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Assured Guaranty's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
