Job Description

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for an Senior Underwriter – Marine Liability, based in London.

The Team

You'll be joining the Marine Liability team within Allianz Commercial, one of the world's largest and most respected marine insurers. Our Marine underwriting operation sits within the broader Hull & Liability division, working alongside our Cargo specialists to deliver market-leading solutions across the full spectrum of marine risk. Marine and Liability are both key strategic business lines for Allianz Commercial, and our continued investment in these areas reflects our commitment to providing innovative, best-in-class coverage for clients operating in complex and dynamic maritime environments.

Our Marine Liability portfolio spans a diverse and technically rich range of sub-classes, including Protection & Indemnity (excess P&I Club reinsurance and specialist operations), Charterer's Liability, Ports & Terminals, Marinas, Shiprepairer's Liability, Marine & Energy Offshore Contractors, and Umbrella Liabilities. We provide third-party liability coverage for property damage and bodily injury, first-party physical loss and damage, and business interruption — supporting shipowners, operators, terminal businesses, and contractors across the global maritime industry.

The Impact You Will Have

As a Senior Underwriter in our Marine Liability team, you'll play a pivotal role in shaping the profitability and growth of the portfolio — underwriting both new and renewal business to meet regional and global targets. You'll take ownership of our most significant accounts and client relationships, leading negotiations on participation, pricing, and terms to secure the best outcomes for the business. Beyond your own book, you'll be a trusted technical authority and referral point for the wider underwriting team, actively mentoring and developing talent at all levels. Your deep expertise will see you recognised as the go-to specialist in at least one marine liability sub-class, while your ability to build and sustain strong broker and client relationships will be central to our continued success in the market.

Some of your specific responsibilities could include:

Underwrite Profitable business

• Underwrite large new and renewal accounts to meet top and bottom line targets (regionally including global elements). Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity.
• Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)
• Specialized technical expertise / lead for at least one sub-LoB"

Underwriting Approach and Compliance

• Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
• Ensure contract certainty is achieved on all accounts at time of inception
• Ensure utilisation of global pricing tools
• Ensure placing and binding of FAC Reinsurance prior to policy inception

Policy Documentation and Administration

• Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)
• File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled
• Proactively support completion of policy administration and credit control processes

Underwriting Strategy & Leadership

• Contribute to development and execution of regional Underwriting strategy for LoB regionally
• Training, developing and coaching of less experienced staff (including Underwriters)
• Manage complex referrals from underwriters and spokes and re-underwrite complex business as appropriate
• Delegate work as appropriate

Market Management

• Proactively support acqusition of new business and retention of existing business for large clients (including client and broker negotiations where necessary)
• Proactivley liaise with MMC on market management initiatives

Relationship Management

• Positively represent AGCS externally to the market with key brokers / distribution channels
• Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)

What You’ll Bring to the Role

• You have at least 5 years’ experience as an Underwriter, Broker or relevant equivalent in the Marine Liability sector
• Ideally you are CII qualified or equivalent or working towards it
• You have experience underwriting profitable business in the Marine Liability segment of large corporate international insurance
• You have recognised relationships with clients and brokers at peer group level and are well established within the market
• You have a specialised understanding of international and local Marine Liability insurance markets and competitor landscape
• Capable of leveraging data and analytics to make business more efficient and effective
• You have a good understanding of the legal and regulatory framework
• You can design, develop and implement consistent, robust wordings for contracts.
• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

107680 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

People with disabilities:

We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com

Recruitment Agencies: 

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

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