Department: Underwriting
Employment Type: Permanent - Full Time
Location: UK (London)
Director of Underwriting
London
Hybrid, two days in office
Permanent / full-time
We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyd’s, Europe and North America.
This year, we started building out our prospective insurance capability. Reporting to the Managing Director of Underwriting, this brand-new opportunity will suit a hands-on underwriting leader to help shape and execute our next phase of growth.
This is a deal-focused role in a fast-paced environment. You’ll lead the underwriting and execution of reinsurance transactions — working closely with brokers, clients, actuaries, lawyers and internal stakeholders to get transactions structured, negotiated and closed.
We’re looking for someone who enjoys being close to the detail: structuring deals, negotiating contracts, managing advisers and driving transactions through to completion. You’ll play a key role in building relationships across the market and helping grow our prospective business in a practical, delivery-focused way.
• Right to work in this location
• Strong experience underwriting and structuring reinsurance and/or M&A transactions
• Deep understanding of the P&C market and structured deals
• Confidence negotiating with brokers and clients
• Solid financial and analytical capability (modelling and valuation experience preferred)
• Ability to manage multiple transactions under tight timelines
• Contributing positively to our culture and values.
Compre is a global speciality reinsurance company that offers capital and liability solutions to its clients, providing them with the certainty they need on their portfolios. We are known for being trusted partners to the market and for having a team of experts who collaborate and maintain discipline in underwriting, ensuring a differentiated client experience. As an ambitious business, we are focused on building depth, breadth, and diversity in the talent across our business to be future-ready. Our clients' needs evolve as the market changes, which is why we continuously invest in areas such as data and technology. This way, we can serve current and future clients' needs with scalable and new technology, delivered by our growing agile Data and Technology team.
Why join us? At Compre, we offer a range of benefits and team engagement events and provide a supportive environment for learning and growth. We are intent upon building a great business, and over the last few years, we have expanded our markets across Europe, Lloyd's, and North America. Our team is based in Bermuda, Finland, Germany, Malta, UK and the US. To keep our globally dispersed team connected, we have various employee resource groups, including Wellbeing, DEI, COMMS and Engagement. We invest in our people and offer learning and development opportunities for leaders and employees to build confidence and grow their skill sets. We value teamwork, authenticity, and innovation, and provide a space for these behaviours to bloom at Compre.Make an impact in a collaborative environment with some of the best talent in the industry, while enjoying: · competitive salary & annual bonus· a health & wellbeing subsidy (£20 per month) (from Day 1)· a generous pension (eligible after probationary period)· private healthcare from BUPA and a Healthcare Cash Plan from Medicash (from Day 1)· life assurance (from Day 1)· income protection (from Day 1)· 25 days annual leave (from Day 1)· cycle to work scheme (from Day 1)· season ticket loan (interest free) (eligible after probationary period)· electric vehicle scheme (eligible after probationary period)· EAP (Employee Assistance Programme) (from Day 1)· learning/study support and reimbursement for professional memberships· hybrid working· employee socials and recognition programme
Compre is a leading legacy specialist with over 30 years of experience in the acquisition and management of insurance and reinsurance companies and portfolios in run-off. Compre is a business with operations in Finland, Germany, Malta, Bermuda, Switzerland the US, and UK. We have local relationships with counterparties across the whole of Europe and North America.
Our key objective is to secure legal, financial and operational finality for insurers and reinsurers seeking to exit their legacy exposures. We aim to do this using a collaborative approach that ensures our solutions get to the heart of the problems that our counterparties face.
Track Record
Compre completed its first run-off company acquisition in 1994 and to date has completed:
• 11 company acquisitions in Finland, Germany, Sweden, Switzerland and the UK
• 34 individual business portfolio acquisitions in Belgium, Denmark, Finland, France, Germany, Luxembourg, Ireland, Portugal, Norway, Sweden, and the UK.
The companies we have acquired business from include: Allianz, Axa, Generali, Gjensidige, HSBC, QBE and Swiss Re.
We have been consistently trusted by major financial institutions for over 30 years to deliver complex finality solutions and manage their future claims.
