At a Glance
- Tasks: Underwrite US Casualty business and build strong broker relationships.
- Company: Join Allianz Commercial, a leader in complex Liability risks.
- Benefits: Flexible working options, competitive salary, and professional development opportunities.
- Other info: Opportunity to work in a global matrix organisation with career growth.
- Why this job: Make an impact in a dynamic environment with global reach.
- Qualifications: 7-10 years in US Casualty underwriting or broking, strong communication skills.
The predicted salary is between 70000 - 90000 £ per year.
We are looking for a Senior Underwriter to underwrite US Casualty business, based in London.
The Impact You Will Have
At Allianz Commercial we combine specialist expertise and global reach with high levels of AA rated underwriting capacity to industry specific exposures. This allows us to establish a reputation as leaders of some of the largest and most complex Liability risks in the market. Reporting directly to the Head of US Casualty, Regional Unit London, you will underwrite profitable US-domiciled Casualty business. You will develop strong broker and client relationships and undertake business travel where necessary.
Some of your specific responsibilities could include:
- Underwrite large new and renewal accounts to meet top and bottom line targets.
- Negotiate participation, pricing and terms and conditions with brokers.
- Proactively manage capacity.
- Provide expert underwriting perspective in the development of new insurance products, responding to client need or emerging risks in the marketplace.
- Underwrite in line with the US Casualty governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles.
- Proactively support acquisition of new business and retention of existing business.
- Positively represent Allianz Commercial externally to the market and encourage more junior team members to raise their own profile and that of the team.
What You’ll Bring to the Role
- About 7-10 years’ proven experience in the US Casualty large corporate marketplace, either in underwriting or broking.
- Strong understanding of risk assessment, insurance program structure design, and contract wordings.
- Ideally CII/CPCU qualified or working towards it.
- Recognised relationships with clients and brokers at peer group level and well-established within your reference market.
- Excellent communication and influencing skills.
- Specialised understanding of regional/national US Casualty insurance markets and the competitor landscape.
- Ability to negotiate effectively achieving the best outcome for the portfolio while maintaining positive business relationships with your clients and brokers.
- Ability to leverage data and analytics to make business more efficient and effective.
- Good understanding of the legal and regulatory framework.
- Ability to design, develop and implement consistent, robust wordings for contracts.
- You should be able to integrate AI-driven insights into your work to optimize outcomes and support broader organizational goals.
- Ability to work in a global matrix organization.
- Fluent English skills, with any other languages being advantageous.
Senior Underwriter - US Casualty (US Desk, London) employer: Ultimate.ai
Allianz Commercial is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets expertise. With a strong focus on employee development and a culture that encourages collaboration and professional growth, we empower our team members to excel in their roles while building meaningful relationships with clients and brokers. Our commitment to maintaining a high standard of underwriting excellence, combined with competitive benefits and a supportive atmosphere, makes Allianz a rewarding place to advance your career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter - US Casualty (US Desk, 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.
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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 Ultimate.ai. 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 Underwriter - US Casualty (US Desk, 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 Ultimate.ai.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Ultimate.ai. 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 Ultimate.ai
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Ultimate.ai 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 Ultimate.ai, 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 Ultimate.ai'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.
