At a Glance
- Tasks: Underwrite and manage international construction risks while building strong broker relationships.
- Company: Join Everest Advisors, a global leader in risk management with a rich heritage.
- Benefits: Competitive salary, inclusive culture, and opportunities for professional growth.
- Other info: Be part of a collaborative team dedicated to shaping the future of construction insurance.
- Why this job: Make an impact in a dynamic role focused on profitable growth in construction underwriting.
- Qualifications: Experience in commercial underwriting and strong negotiation skills required.
The predicted salary is between 63000 - 77000 £ per year.
About Everest
Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.
Role Overview
As part of our continued growth in the London market, we are seeking an experienced Senior Construction Underwriter to join our UK Construction & Energy Underwriting team. This role will focus on the underwriting and profitable development of an international portfolio of Contractors All Risks (CAR), Erection All Risks (EAR) and associated construction risks written through the London Market. The successful candidate will possess strong technical underwriting expertise, established broker relationships in the London wholesale market, and experience underwriting complex multinational construction and infrastructure projects. Exposure to Energy risks would be advantageous but is not essential. This is a production-oriented role requiring an entrepreneurial underwriter who can identify opportunities for profitable growth while maintaining underwriting discipline and adherence to Everest's risk appetite.
Key Responsibilities
- Underwrite and manage a portfolio of international Construction risks, including CAR, EAR and associated engineering business.
- Evaluate new and renewal submissions, performing detailed risk assessments and applying sound underwriting judgment to determine terms, conditions, pricing and capacity deployment.
- Build and maintain a profitable portfolio within delegated authority while achieving growth, retention and profitability objectives.
- Develop and strengthen relationships with key London Market brokers, wholesale intermediaries and clients.
- Actively identify and secure new business opportunities across international construction, infrastructure and engineering sectors.
- Lead negotiations with brokers and clients regarding coverage structure, pricing, deductible strategy, capacity deployment and policy terms.
- Monitor portfolio performance, market trends, claims activity and emerging industry risks to support profitable underwriting outcomes.
- Collaborate with Claims, Risk Engineering, Actuarial, Exposure Management, Legal and Operations teams to deliver superior client service and portfolio results.
- Contribute to product development initiatives and underwriting strategy across the Construction & Energy portfolio.
- Mentor junior underwriters and assist with technical training, peer reviews and underwriting quality initiatives.
- Ensure compliance with underwriting governance, regulatory requirements, delegated authorities and internal control frameworks.
Required Qualifications & Experience
- Bachelor's degree or equivalent professional qualification.
- Significant commercial underwriting experience, with strong expertise in Construction and Engineering insurance.
- Demonstrated experience underwriting international CAR/EAR business through the London Market.
- Strong understanding of: Construction and engineering risks, Major infrastructure and project risks, Project financing structures, DSU exposures, Contractual risk allocation, International project placements.
- Experience managing broker relationships and producing new business in a wholesale distribution environment.
- Strong technical pricing and risk assessment capabilities.
- Excellent negotiation, communication and relationship management skills.
Preferred Qualifications
- Lloyd's Market underwriting experience strongly preferred.
- Established broker network within the London wholesale and Lloyd's markets.
- Experience underwriting major multinational construction and infrastructure projects across EMEA, Asia Pacific, Latin America and North America.
- Exposure to Energy risks and placements.
- Professional insurance qualifications such as ACII, FCII or equivalent.
- Experience working across delegated authority, open market and facultative placements.
Why Join Everest?
This is an excellent opportunity for an established London Market Construction Underwriter to join a growing platform and play a key role in expanding Everest's international CAR/EAR and construction capabilities. You'll work alongside an experienced team, leverage a strong market platform and help shape the future growth of a developing portfolio.
What if I don’t meet every requirement?
At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.
Our Culture
At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors.
Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together. All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.
Senior Construction Underwriter in London employer: Everest Group
Everest Advisors is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets tradition. With a strong commitment to employee growth and a culture that values collaboration, inclusion, and respect, team members are empowered to drive impactful technology initiatives while enjoying comprehensive benefits and opportunities for professional development. Join us to be part of a global leader in risk management that prioritises both individual and community success.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Construction Underwriter 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
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✨Look Out for Graduate Schemes
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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 Everest Group. 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 Senior Construction Underwriter 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 Everest Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Everest Group. 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 Everest Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Everest Group 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 Everest Group, 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 Everest Group'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.
