Construction Underwriter in London

This is an exciting opportunity to join our expert‑led Allianz Commercial team as a Construction Underwriter, playing a key role in delivering profitable growth across both new and existing business. You will support the development of a world‑class, multi‑niche Insurance & Engineering offering, contributing to ambitious regional growth targets.

Location: This role is based in our London office, please note that this is a hybrid working role with the expectation that you attend the office 2‑3 days per week.

Salary Information: Pay is circa £50,000 per year, based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.

About You

• Underwrite construction risks across both new and existing business to meet growth and profitability targets.
• Manage renewal portfolios, ensuring strong retention and customer outcomes.
• Assess and price risk in line with Allianz appetite and underwriting strategy.
• Build and maintain strong broker and client relationships through regular engagement.
• Negotiate terms, conditions, and pricing with brokers to secure sustainable business.
• Proactively identify and develop new business opportunities within the market.
• Contribute to regional underwriting strategy and key business initiatives.
• Collaborate with internal stakeholders including Claims, Operations, and Risk teams.
• Represent Allianz positively in the market, attending broker and client meetings.

Essential Skills

• Proven experience in construction underwriting, including casualty/liability covers.
• Strong ability to underwrite both new and renewal business effectively.
• Confident communicator, comfortable engaging with brokers and negotiating outcomes.
• Analytical mindset with the ability to assess complex risks and market conditions.
• Commercial awareness with a focus on profitable growth and retention.
• Self‑motivated team player with the ability to support and mentor others.

Desirable Skills

• Experience handling or exposure to slip business.
• Proactive and driven with a strong focus on personal and professional development.
• Ability to take initiative and contribute positively within a team environment.

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from—so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• Flexible buy/sell holiday options.
• Hybrid working.
• Annual performance related bonus.
• Contributory pension scheme.
• Development days.
• A discount up to 50% on a range of insurance products including car, home and pet.
• Retail discounts.
• Volunteering days.

Our Ways of Working

Do you need flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive—Your work life balance is important to us.

Integrity, Fairness, Inclusion & Trust

At Allianz, we believe in fostering an inclusive workforce and are proud to be an equal‑opportunity employer. Our commitment to equal opportunities, gender equity, and balanced gender representation is demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community’s Race at Work Charter signatories, and Armed Forces Covenant gold standard employer. We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success. We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.

Accessible Application for All

As part of the Disability Confident Scheme, we support candidates with disabilities or long‑term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role. Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.

Contact

For any inquiries or to submit your application, please contact: Matthew Mckevitt. If you are an at‑risk candidate facing potential redeployment, please include this information in your CV.

Closing date: TBC. We reserve the right to close the advert early if we reach enough applications.