HDI Global SE
Senior Underwriter - Credit & Political Risk
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Senior Underwriter - Credit & Political Risk
Job Title: Political Risk Insurance Underwriter (Credit & Political Risks, Global Hub)
About HDI
HDI is part of the Talanx Group, a Corporate & Specialty Insurer with over 120 years of experience. The Group operates across five continents, 40 countries, and employs over 5,000 people globally.
The Role
Develop a profitable book of business with a focus (but not limited to) on Political Risk Insurance, including:
- Contract Frustration Insurance
- Equity/Lenders Political Risk Insurance
This will be done in alignment with HDI’s underwriting principles.
Key responsibilities include:
- Underwriting the Credit and Political Risk Insurance account—adhering to underwriting guidelines, pricing tools, and business plans.
- Actively promoting HDI Global to I&T broking houses, with a specific emphasis on Political Risk Insurance—building a network of brokers to identify opportunities within HDI’s appetite.
- Strategic collaboration with:
- Underwriting Manager for Sovereign & Political Risk
- Head of Credit & Political Risks (Global Hub)
- Underwriting Manager (Credit & Political Risk)
Key Accountabilities
Underwriting & Business Development
- Underwrite, review, peer-review, process, and service new business and renewals for the Credit & Political Risk account, adhering to:
- Underwriting Authority
- Business plans & appetite guidelines
- All HDI underwriting rules & guidelines
- Work with the Underwriting Manager to deepen industry knowledge, particularly in:
- Marketing efforts
- Portfolio development
- Client evaluation (existing & new)
- Product innovation
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Product Expertise & Support
- Offer product & word expertise, providing:
- Team-wide guidance on frequent bespoke wording/clause amendments
- A referral point for underwriters to discuss policy documentation (coordinating with Legal & Compliance)
- Collaborate with:
- Operations
- Legal
- Compliance & Home Office teams to:
- Develop new market products (both in-house and third-party)
Client Relationship Management
- Build and sustain strategic relationships with:
- Key clients (primarily Banks, Public Agencies, Corporates, Traders, and select allied sectors)
- Broker partners to enhance HDI’s market presence
External Representation & Growth Strategy
- Speak on behalf of HDI and CPRI in:
- Internal/external exchanges
- Marketing workstreams & meetings
- Enhance HDI’s profile in industry groups:
- Berne Union
- IUA
- Identify:
- New business opportunities & growth areas (supported by appropriate analytics)
- Risk trends to propose:
- Adjustments to underwriting appetite
- Premium level recommendations
Process & Reporting Leadership
- Implement and refine process controls for:
- Quality assurance
- Documentation accuracy
- Outcome maintainability
- Design, deliver, and develop Key Performance Indicators (KPIs); provide:
- Reports and insights for team/group/branch
- Solutions to recurring reporting issues
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Project & Change Management
- Lead end-to-end project management on related functional initiatives.
- Contribute to team/branch-wide projects as required.
Team Mentorship & Educational Leadership
- Provide technical mentorship (Political Risk underwriting expertise) to:
- Junior team members
- Coverage, risk selection, market trends, and best practices
Collaborative Culture
- Encourage cross-functional collaboration across the HDI Global Specialty Group.
Skills & Experience
Essential
- Deep, hands-on expertise in:
- Political & Credit Risk markets, with a particular focus on:
- Contract Frustration Insurance
- Equity/Lenders Political Risk Insurance
- Political & Credit Risk markets, with a particular focus on:
- Strong analytical & technical understanding of:
- insurance Classes
- Five-year planning cycles
- Established credibility among:
- London-based brokers & clients (domestic and global)
- Familiarity with:
- Market development trends
- Berne Union / IUA criteria
Desirable
- Industry-accredited qualifications, such as:
- ACII (Association of Corporate Treasurers: Investment Insurance Certification)
- FCII (Fellow, Chartered Insurance Institute)
- CFA Certification
About us
As an equal opportunities employer, we are fully committed to an inclusive workplace:
- Diverse team = creative & productive team.
For application support: Contact UK&IRE_Recruitment@hdi.global.
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