Senior Underwriter - Property

 

Let’s care for tomorrow.

Your ambitions.  Your dreams.  Your tomorrow

At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group.  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 a Senior Underwriter for our Property Team.  This will be a hybrid role based in New York, NY.

 

Your Team

Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our Allianz Commercial Property network.

 

Our experience speaks for itself, insuring the majority of Allianz Commercial Property Fortune 500 companies, managing over 1000 Allianz Commercial property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed up a worldwide team of risk consultants and claims specialists.

 

When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!

 

The Impact You Will Have:

As a Senior Underwriter, you will play a pivotal role in driving profitable growth and ensuring the success of our underwriting operations. You will be responsible for underwriting new and renewal business, negotiating terms, and managing key accounts while adhering to underwriting guidelines and governance frameworks. Your expertise will help shape our underwriting strategy, foster strong relationships with brokers and clients, and contribute to the overall success of our organization.

 

Some of Your Specific Responsibilities Could Include:

Underwriting Profitable Business:

• Underwrite new and renewal accounts to meet top and bottom-line targets.
• Negotiate participation, pricing, and terms with brokers while proactively managing capacity.
• Evaluate and underwrite natural catastrophe accumulation and interpret catastrophe modeling scenarios.
• Underwrite international insurance programs for relevant lines of business (LoBs).

 

Underwriting Approach and Compliance:

• Ensure underwriting aligns with governance frameworks, including authorities, guidelines, and principles.
• Achieve contract certainty on all accounts at inception.
• Utilize global pricing tools and ensure reinsurance placement before policy inception.

 

Policy Documentation and Administration:

• Ensure accurate policy documentation is issued to brokers or maintained appropriately.
• Manage file maintenance for each risk and transaction.
• Support policy administration and credit control processes proactively.

 

Supporting Underwriting Strategy & Leadership:

• Contribute to the development and execution of regional underwriting strategies.
• Train, develop, and coach less experienced staff, including junior underwriters and operations teams.
• Manage referrals and re-underwrite complex business as needed.

 

Market and Relationship Management:

• Support the acquisition of new business and retention of existing business.
• Collaborate with Market Management on initiatives and negotiations with brokers and clients.
• Build and maintain strong relationships with key brokers, clients, and internal stakeholders.

 

What You’ll Bring to the Role:

Technical Expertise:

• Proven track record of underwriting profitable business with 10+ years of experience in the relevant LoB.
• In-depth understanding of LoB products, portfolio management, and regional/local insurance markets.
• Strong risk assessment and management skills, including the ability to eva