We are looking for a Senior Underwriter to underwrite PVT business, based in London.

Your Team

The Political Violence and Terrorism team at Allianz Commercial, is a specialist unit that provides expert risk assessment, underwriting, and insurance solutions for businesses exposed to political violence, terrorism, civil unrest, and war perils globally. The team offers comprehensive coverage including standalone terrorism and sabotage insurance, strikes, riots and civil commotion (SRCC) insurance, and full political violence policies covering war on land, civil war, political subversion, and political intimidation. Operating across more than 200 countries and territories through the Allianz Group network, the team delivers bespoke solutions — including property damage, business interruption, contingent business interruption, denial of access, event cancellation, and third-party terrorism liability — tailored to each client's unique risk footprint rather than a "one size fits all" approach. The team also provides market-leading risk consulting, including analysis of geopolitical trends, social resilience, and emerging threats such as gray-zone sabotage, drone incursions, and lone-wolf terrorism, helping clients safeguard their people, property, and operations in an increasingly volatile world.

The Impact You Will Have

In this role, you will directly drive top and bottom line performance by underwriting large, complex accounts with commercial confidence and strong risk judgement. Your established market relationships will accelerate new business acquisition and retention, while your credibility will enhance Allianz Commercial's profile against competitors. You will shape portfolio strategy through product development insight, smart capacity management, and data-driven decision-making — and you will elevate the wider team by mentoring junior colleagues and raising collective market visibility.

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 PVT 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 5 years’ proven experience in the PVT 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 PVT 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.
A willingness to learn and explore how AI can enhance your role and the broader organization is expected.

1 Job for Portfolio Strategy in the United Kingdom

Senior Underwriter - Political Violence & Terrorism