At a Glance
- Tasks: Underwrite major UK construction projects and collaborate with industry experts.
- Company: Join Swiss Re Corporate Solutions, a leading global insurer.
- Benefits: Competitive salary, hybrid work model, and professional development opportunities.
- Other info: Dynamic team environment with clear paths for career progression.
- Why this job: Make an impact on significant construction projects while advancing your career.
- Qualifications: Experience in construction insurance and strong analytical skills required.
The predicted salary is between 63000 - 77000 £ per year.
Interested in helping insure the UK's most complex construction and infrastructure projects? Join Swiss Re Corporate Solutions and play a key role in underwriting major UK construction projects—from buildings to transport and energy infrastructure, data centers, and industrial facilities. This is an excellent opportunity for a proactive underwriter with construction insurance experience to deepen their technical expertise, develop a sustainable portfolio and build a long-term career with a leading global insurer.
About the Role
As an Engineering & Construction Underwriter based in London, you'll be responsible for underwriting a portfolio of UK construction risks, partnering with brokers, clients, risk engineers, and claims specialists to deliver effective insurance solutions. You will build on your existing construction underwriting experience while gaining exposure to major projects across the UK construction sector.
Key Responsibilities
- Assess and underwrite Construction All Risks (CAR), Erection All Risks (EAR), Delay in Start-Up (DSU) and other related construction covers.
- Analyse construction project information, including contractors, construction methods, technologies, schedules and risk controls.
- Negotiate policy terms, conditions, and pricing with brokers and clients.
- Monitor project performance throughout the construction lifecycle and support risk management initiatives.
- Collaborate with Risk Engineering and Claims colleagues to investigate losses and develop practical solutions.
- Manage policy amendments and coverage changes as projects evolve.
- Build and maintain strong relationships with relevant stakeholders including brokers, contractors, project owners, etc.
- Continue developing technical underwriting expertise through Swiss Re's structured training and development programmes.
About the Team
Our London Engineering & Construction team underwrites a broad portfolio of construction business across the UK and internationally. The team reviews projects ranging from:
- Residential, mixed-use and commercial developments.
- Data centres.
- Industrial, manufacturing and warehouse facilities.
- Transport infrastructure.
- Power and utility projects.
- Mining.
- Oil, gas and petrochemical projects.
- Renewable energy construction, including solar, wind, and battery storage projects.
You'll join an experienced and collaborative team of underwriters committed to technical excellence, continuous learning, and providing innovative solutions to clients operating in an increasingly complex construction environment.
About You
You have experience within construction insurance and are looking to develop your career within a highly respected and technically focused underwriting team. You enjoy interpreting project information, analysing risks, and building trusted relationships with brokers and clients. You are commercially minded, detail-oriented, and motivated to continuously expand your knowledge of the UK construction sector.
We're looking for candidates with:
- Experience within construction / engineering underwriting, property underwriting, broker placement, or technical insurance support roles.
- Exposure to Construction All Risks (CAR), Engineering All Risks (EAR), Property, or Specialty Lines of business.
- Strong analytical skills and sound underwriting judgement.
- Good understanding of UK construction projects and associated risk exposures.
- Excellent communication, negotiation, presentation and relationship-management skills.
- Strong IT skills.
We'd particularly welcome candidates with:
- Knowledge of major contractor and developer-led projects.
- London Market experience.
- Experience working with multinational clients and programmes.
- Progress towards or completion of ACII or other professional insurance qualifications.
Why Join Swiss Re Corporate Solutions?
This role offers the opportunity to work on some of the UK's most significant construction projects while developing specialist expertise within a global organisation known for technical excellence. You'll benefit from structured development, exposure to complex risks, and clear opportunities for career progression within one of the world's leading commercial insurers. Whether your experience comes from a construction underwriting team, a broker, or another specialty insurance environment, this is an opportunity to accelerate your career and become a recognised Engineering & Construction underwriting specialist.
Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week.
For London the annual base salary range for this position is between GBP 63,000 and GBP 95,000 (for a full-time role). The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience. In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.
About Swiss Re Corporate Solutions
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime. Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability. If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.
Engineering & Construction Underwriter (Hybrid Work, 80 - 100% working degree possible) employer: Swiss Re
Swiss Re is an exceptional employer, offering a dynamic work environment where actuaries can thrive in their careers while leading innovative reinsurance pricing solutions. With a strong focus on collaboration and employee development, the company provides ample opportunities for professional growth and a hybrid work model that promotes work-life balance. Located in the UK & Ireland, Swiss Re fosters a culture of inclusivity and support, making it an ideal place for those seeking meaningful and rewarding employment in the Life & Health sector.
StudySmarter Expert Advice🤫
We think this is how you could land Engineering & Construction Underwriter (Hybrid Work, 80 - 100% working degree possible)
✨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 Swiss Re). 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 Swiss Re. 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 Engineering & Construction Underwriter (Hybrid Work, 80 - 100% working degree possible)
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 Swiss Re.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Swiss Re. 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 Swiss Re
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Swiss Re 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 Swiss Re, 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 Swiss Re'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.
