Underwriter - Credit and Political Risk in London

We are seeking an Assistant Underwriter or Underwriter to join our Credit and Political Risk team. The ideal candidate will have a strong desire to develop their career in Credit & Political Risk insurance sourced from traders, banks, corporates and Public Agencies with a strong interest in Contract Frustration risks. This is an excellent opportunity to work hard and develop underwriting skills within an experienced, supportive Underwriting team.

The successful candidate will contribute to day-to-day underwriting of a portfolio of emerging market risks while building or developing relationships with key brokers. The role also requires proposing underwriting parameters for specific sectors and taking ownership of growth initiatives within the business.

• Develop and maintain personal relationships with key brokers and clients.
• Work closely with experienced Underwriters to build and manage a portfolio of diverse risk in line with underwriting strategy.
• Formulate independent opinions on emerging market corporate and sovereign credit.
• Perform country and sector risk analyses in collaboration with team analysts.
• Work with the claims team and internal legal counsel to resolve claims, including workouts and restructurings where necessary.
• Support the business planning and forecasting process or other ad hoc projects where appropriate.

• Strong interest in Credit & Political Risk underwriting and knowledge of key products.
• Familiarity with, aptitude for and willingness to learn macroeconomic and financial concepts.
• Active engagement with market trends and developments.
• Excellent listening, negotiation, and marketing skills.
• Statistical and analytical skills for data interrogation and interpretation.
• Able to build and maintain effective working relationships with colleagues, brokers and clients.
• Proficient in Excel, Bloomberg, and S&P Capital IQ.

• Stakeholder engagement: Cultivates and maintains positive relationships with relevant internal or external stakeholders, effectively involving and communicating with them to drive collaboration, support, and alignment towards shared goals.
• Collaboration And Teamwork: Works effectively with team, project or other work groups or those outside formal line of authority to accomplish goals. Actively participates as a member of a team; develops and builds cohesive team relations to produce required outputs; possesses knowledge and understanding of colleagues' work.
• Adapting To Change: Adjusts thoughts, feelings, and behaviours to handle new, challenging, or complex situations; embracing change as a growth opportunity when working within new work structures, processes, regulations, or requirements.
• Continuous Improvement: Analyses current and future state business requirements and identifies strategies to continuously improve products, services or processes. Guides and inspires others to achieve results to enhance efficiency, quality and consistency.
• Innovation: Creates, develops and implements new ideas to enhance new or improved processes, systems, solutions, products or services; tries different and novel ways to deal with problems and opportunities.
• Resilience: The ability to cope with and recover from setbacks, challenges or difficulty. Perseveres even under pressure or crisis situations and uses ways that foster strength and growth, often emerging stronger than before.
• Future Focused: Anticipates changes in regulations, technology and client needs, proactively responding to key trends happening in the industry. Thinks about the future through identifying opportunities and obstacles whilst planning effectively.

We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd's of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda. At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results. Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.

We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds. We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.