Underwriter - Political Risk & Contract Fustration
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
To carefully select and underwrite risks, in a cost effective manner and in accordance within granted authority levels, focusing on the Political Risk and Contract Frustration products and under the direction of the Underwriting Manager, Sovereign and Political Risk to ensure the Political & Credit Risk class is profitable and business targets are met.
Key accountabilities
- Generate a material contribution to the underwriting of the Political & Credit Risk portfolio whilst maintaining high standards on new and renewal business.
- Responsible for documenting underwriting rationale and decisions to maintain a record of why the risk was bound and complete the associated tools for data capture.
- Broker liaison - develop strong, long-term relationships with brokers and clients to profitably grow a book of business and provide excellent customer service.
- Review and assess wordings and underwriting criteria with Legal & Compliance.
- To calculate possible risk and determine appropriate insurance premiums using risk information, pricing model, other statistics and own judgment within underwriting authority level, making necessary referrals in accordance with company policy.
- Preparation of reports for internal reporting.
- Represent HDI at client meetings and insurance conferences, and deliver presentations to brokers and clients as required.
- Participate in special underwriting projects, and Branch-wide projects as needed.
- Nurture a culture of strong collaboration with Political and Credit Risk and broadly HDI Global Group colleagues around the world.
- Communicate risk appetite and HDI value proposition to brokers and clients.
- Provide technical underwriting expertise / guidance to less experienced underwriting staff on the coverage, risk selection, and market.
Skills & experience
- Experience in the Political and Credit Risk or related markets, gained within an insurer, broker, bank, ECA, DFI or relevant financial institution.
- Good understanding of political, sovereign, economic, regulatory, and market-driven risks, and their impact on contracts, investments, trade, and cross-border transactions.
- Strong analytical skills with the ability to assess complex risks, identify key exposures, and evaluate factors that may affect transaction performance or recovery outcomes.
- Ability to make disciplined decisions and present clear, evidence-based risk recommendations.
- Knowledge of Political Risk and Contract Frustration insurance products, with an understanding of how these solutions support clients operating in international markets.
- Relationship management experience with brokers, clients, banks, public agencies, corporates, traders, or other market participants.
- Strong communication skills and the ability to work collaboratively with internal and external stakeholders.
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 07/08/2026
Reference: HDI00664