Senior Underwriter - Credit & Political Risk
London | Permanent - Full Time
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 role
Develop a profitable book of business focused on (but not limited to) development of Political Risk Insurance (Contract Frustration and Equity/Lenders Political Risks insurance) in-line with HDIs underwriting through:
- Underwriting the Credit and Political Risk Insurance account - in accordance with the underwriting guidelines, pricing tools and business plan
- Externally promote HDI Global to broking houses, with a focus on Political Risk Insurance, creating a network of supporting brokers providing clients opportunities within appetite and responding to and developing new opportunities as they are presented
- Contributing to the strategic direction of the accounts – working with Underwriting Manager, Sovereign and Political Risk, the Head of Credit & Political Risks Insurance Global Hub and Underwriting Manager, Credit & Political Risk.
Key accountabilities
- Underwrite, review, peer-review, process, and service, profitable new business and renewals for the Credit and Political Risk account in line with Underwriting Authority, the business plan, appetite guidelines and all HDI underwriting rules and guidelines.
- Work with Underwriting Manager to develop knowledge and make a leading contribution to the development of the Political Risks element of the account. Specific tasks include marketing, portfolio development, current and new client evaluation and product innovation.
- Offer product and wording expertise and be 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).
- Establish and develop relationships with key clients (primarily Banks, Public Agencies, Corporates, Traders and some other select clients) as well as key broking partners.
- Represent CPRI/HDI in internal/external exchanges, work streams and meetings.
- Represent HDI and develop HDIs profile within the Berne Union 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.
- Identify and calculate risk trends and suggest modifications to the underwriting appetite 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.
- Design, deliver, develop and analyse reports, identify and recommend solutions to reporting issues in line with team/group/branch requirements.
- End to end project management for functional projects and contribute to any Team and /or Branch wide projects.
- Provide technical Political Risk 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 Global Specialty Group colleagues around the world.
Skills & experience
- Strong first hand, in-depth working knowledge of Political and Credit Risk markets with a focus on the Contract Frustration and Equity/Lenders Political Risks Insurance products.
- Strong technical understanding of classes.
- Demonstrable knowledge of Political and Credit Risk business and coverage design.
- Established business relationships with London and global market brokers and clients.
- ACII/FCII/CFA qualifications are desirable.
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&IRE_Recruitment@hdi.global
Apply by 24/07/2026
Reference: HDI00663