Senior Underwriter - Credit & Political Risk

Hannover Digital Investments; Greater London; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A Global Specialty Insurer in London is seeking a Senior Underwriter for Credit & Political Risk. The successful candidate will develop a profitable book of business and underwrite new and renewal accounts. The role involves building relationships with clients and brokers, while also contributing to strategic direction. Ideal candidates possess a deep knowledge of the Political and Credit Risk markets and hold relevant qualifications such as a Bachelor's Degree or ACII/FCII/CFA. This role offers a hybrid working model and supports a diverse environment.

Qualifications

• In-depth knowledge of Political and Credit Risk markets.
• Experience managing relationships with brokers and clients.
• Relevant academic qualifications or equivalent experience.

Responsibilities

• Underwrite and review profitable new business and renewals for the Credit and Political Risk account.
• Develop strong client relationships primarily with Banks and Public Agencies.
• Identify new business opportunities and growth areas for the class.

Skills

Strong first hand, in-depth working knowledge of Political and Credit Risk markets

Demonstrable knowledge of CPRI business and coverage design

Strong established business relationships with London and global market brokers and clients

Education

Bachelor's Degree or equivalent working experience and related qualification such as ACII/FCII/CFA

Job description

Senior Underwriter - Credit & Political Risk

London |Permanent - Full Time

Hybrid

About us

HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.

The Credit & Political Risk team are looking for a knowledgeable market participant with experience in structured and project finance looking for a strategic and senior underwriting role within a collegiate and dynamic global team.

The role

Develop a profitable book of business in-line with HDI’s underwriting through:

• Underwriting the Credit and Political Risk Insurance account - in accordance with the underwriting guidelines, pricing tools and business plan, and;
• Externally promote HDI to brokers and clients, creating a network of supporting brokers clients providing opportunities within appetite and also respond and develop new opportunities as they are presented, and;
• Contributing to the strategic direction of the accounts – working with the local CPRI leadership team including the Head of CPRI Global Hub.

Key accountabilities

• Underwrite, review, peer-review, process, and service, profitable new business and renewals for the Credit and Political Risk account in line with the jobholder’s Underwriting Authority, the business plan, and all HDI underwriting rules and guidelines
• Underwrite (profitable gross income objective: 20% of London GWP)

Technical Expertise

• Product and Wording expertise; a team-wide resource for frequent bespoke wording/clause amendments and additions, referral point of contact for underwriters to agree and review policy documentation including referral to Legal & Compliance
• Review & develop new market products, both in-house and from the market (liaising with Operations, Legal, Compliance and Home Office)

Client/Broker Relations

• Establish and develop key client relationships; primarily Banks and Public Agencies, and some select other clients, as well as key broking partners

Developmental Objectives

• Represent CPRI/HDI in internal/external exchanges, work streams and meetings.
• Work with local leadership team including the Head of CPRI to develop knowledge and make a leading contribution to specific tasks including marketing, portfolio development, current and new client evaluation and product innovation
• Represent HDI and develop HDIs profile within ITFA and other external trade, market and lobbying bodies, including the IUA
• Identify new business opportunities and growth areas for the class - supported by analytics as appropriate

Reporting

• Design, deliver, develop and analyse reports, identify and recommend solutions to reporting issues in line with team/group/branch requirements
• Monitoring of Aggregates

Risk and Controls

• Identify and calculate risk trends and suggest modifications to the underwriting criteria and determine premium levels as appropriate
• Design, implement and maintain process controls to ensure the quality of the output for your area/team within the function. Ensure documentation of the processes and output is accurate, up-to-date and accessible

Project Management

• End to end project management for functional projects and contribute to any Team and /or Branch wide projects

Assisting with the development of others

• Provide technical CPRI underwriting expertise / guidance to less experienced underwriting staff on the coverage, risk selection, market, and best practice
• Nurture a culture of strong collaboration with HDI Group colleagues around the world

Skills & experience

• Strong first hand, in-depth working knowledge of Political and Credit Risk markets.
• Demonstrable knowledge of CPRI business and coverage design.
• Strong established business relationships with London and global market brokers and clients.
• Bachelor's Degree or equivalent working experience and related qualification such as ACII/FCII/CFA

Other

As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.

If you require support with your application, please contact UK&[e-mail]