About the Role
As an Engineering & Construction Underwriter based in London, you'll be responsible for underwriting a portfolio of UK construction risks, partnering with brokers, clients, risk engineers, and claims specialists to deliver effective insurance solutions. You will build on your existing construction underwriting experience while gaining exposure to major projects across the UK construction sector.
Responsibilities
- Assess and underwrite Construction All Risks (CAR), Erection All Risks (EAR), Delay in Start-Up (DSU) and other related construction covers.
- Analyse construction project information, including contractors, construction methods, technologies, schedules and risk controls.
- Negotiate policy terms, conditions, and pricing with brokers and clients.
- Monitor project performance throughout the construction lifecycle and support risk management initiatives.
- Collaborate with Risk Engineering and Claims colleagues to investigate losses and develop practical solutions.
- Manage policy amendments and coverage changes as projects evolve.
- Build and maintain strong relationships with relevant stakeholders including brokers, contractors, project owners, etc.
- Continue developing technical underwriting expertise through Swiss Re's structured training and development programmes.
Requirements
- Experience within construction / engineering underwriting, property underwriting, broker placement, or technical insurance support roles.
- Exposure to Construction All Risks (CAR), Engineering All Risks (EAR), Property, or Specialty Lines of business.
- Strong analytical skills and sound underwriting judgement.
- Good understanding of UK construction projects and associated risk exposures.
- Excellent communication, negotiation, presentation and relationship-management skills.
- Strong IT skills.
- Knowledge of major contractor and developer-led projects.
- London Market experience.
- Experience working with multinational clients and programmes.
- Progress towards or completion of ACII or other professional insurance qualifications.
Skills
- Construction insurance
- Underwriting
- Analytical skills
- Communication skills
- Negotiation skills
- Presentation skills
- Relationship-management skills
- IT skills
Location
- London
Work Type
- Hybrid
Experience Level
- Mid-level
Education Level
- ACII or other professional insurance qualifications (preferred)
Salary/Compensations
- GBP 63,000 - GBP 95,000
Benefits
- Attractive performance-based variable compensation component
- Variety of global and location specific benefits
About the Company
- Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer.
- Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group, offering innovative insurance solutions to large and midsized multinational corporations from approximately 50 locations worldwide.
- We help clients mitigate their risk exposure, and our industry-leading claims service provides them with additional peace of mind.
- Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking.
- Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.
- In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
- We encourage professionals returning to the workforce after a career break to apply.
Equal Opportunity
- Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.
