Underwriter - Financial Lines

We are looking for an Underwriter for our office in New York, NY for our Financial Lines line of business.

Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor‑made 'All Risks' property damage and business interruption insurance through our global network.

Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1,000 global property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed by a worldwide team of risk consultants and claims specialists.

When it comes to underwriting insurance products for well‑known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!

As an Underwriter specializing in Financial Lines, you will be instrumental in underwriting profitable new and renewal business to meet Line of Business (LoB) targets. Your role will involve negotiating prices and terms, owning key accounts, and developing strong relationships with producers and clients, all while effectively navigating the global matrix environment.

• Underwrite profitable new and renewal accounts to meet top and bottom line targets, negotiate terms with key producer partners, manage capacity proactively, evaluate Natural Catastrophe Accumulation, and underwrite International Insurance Programs.
• Ensure underwriting aligns with LoB governance framework, achieve contract certainty, utilize global pricing tools, and manage FAC Reinsurance placement.
• Ensure accurate policy documentation, maintain files for each risk and transaction, and support policy administration and credit control processes.
• Support acquisition of new business, retention of existing business, and liaise with MMC on market management initiatives.
• Represent AGCS positively in the market, involve functional areas in the underwriting process, and maintain strong relationships with key producers, clients, and stakeholders.

• 1-3 years of experience and a proven track record in underwriting profitable business within Financial Lines (specifically financial institutions), with a robust understanding of LoB products and portfolio.
• Basic risk assessment and management skills, with the ability to evaluate natural hazards relevant to LoB.
• Good understanding of regional/local insurance markets and competitor landscape.
• Analytical skills to analyze complex data, communication and presentation skills, and influencing skills to motivate others.
• Bachelor’s degree in Economics, Finance, Insurance Management, or Business Administration, with progress toward professional insurance qualifications (e.g., CII).
• Fluent in English, with proficiency in using office applications like PowerPoint, Excel, and Word.
• Ability to utilize AI tools to support day‑to‑day tasks, improve efficiency and contribute to data‑driven decision making.

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in‑person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our…