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London, GB

Senior Underwriter Political Risk Insurance & Sovereign Credit Risk

About Swiss Re Corporate Solutions 


Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst 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.



About the Role

•    As a PRI & Sovereign Credit Risk underwriter, you are dedicated to building and cultivating strong relationships with global financial institutions, corporate clients, and brokers. You seek to understand our clients' needs and service them in a highly professional and positive manner. Pursuing the right balance between developing bespoke solutions that add value to clients while maintaining an appropriate risk appetite for Swiss Re.
•    Diligently analysing new business opportunities by accurately assessing political, sovereign credit and transactional risks, performing technical, legal and market due diligence, and reviewing financial models.  Following Swiss Re's processes, underwriting guidelines, and approved approaches to business with utmost integrity. Preparing top quality transaction submissions and presenting/defending your recommendations to committees and (fellow) decision makers in the transaction approval process with confidence and passion. 
•    Contribute to portfolio management to successfully steer towards our goals by staying on top of relevant market developments, technologies, and key players, and continuously improving our products and services. Lead assigned portfolio management tasks such as regular transaction monitoring, and analysis of amendments and restructurings. 
•    Work pro-actively with various other internal partners such as operations, credit risk management, IT, claims, legal & compliance etc. to ensure aligned and smooth product delivery.


About the Team

We are a very engaged and collaborative team of five underwriting professionals who provide political risk and sovereign credit risk insurance and risk sharing solutions to leading financial institutions and corporate clients engaged in the financing of and investment in cross border transactions and projects across the world, particularly in developing and emerging markets.  You will encounter a diverse and international team of professionals located in London and Singapore, passionate about our sector and fully committed to our clients. Together, we build on the partnerships with our client base and continuously strive to maintain and further develop our market leadership position.

About you

•    Minimum of 4-7 years political risk and sovereign credit risk / banking / insurance experience in a political risk and sovereign credit risk / structured trade and commodity finance underwriting team
•    Enjoy the challenge of analysing sophisticated political risks and sovereign credit risks predominantly in emerging markets and able to make good judgements on them. Well-organised, efficient, and can deliver quality results under tight schedules.
•    Proficiency in credit and financial statement analysis, and strong analytical skills. Ideally you have a background in debt structuring plus documentation experience. Knowledge of the commodity sectors and related underwriting would be a plus.
•    Experience in interacting with clients and forming positive and enduring relationships with them. Curious and creative mind seeking to provide better solutions to our demanding clients with persistence and thoroughness.
•    Engaging in a multi-cultural and cross-functional environment energises you. Your outstanding communication and facilitation skills allow you to work with ease with colleagues and clients globally.
•    Great teammate with excellent interpersonal skills and a positive personality who likes to take initiative, has a can-do agile mind-set, and enjoys both working independently as well as in a team.
•    Language Skills - Strong verbal and written communication skills in English required - Other languages a plus


We are an equal opportunity employer, and we value diversity at our company. Our aim is to live visible and invisible diversity – diversity of age, race, ethnicity, nationality, gender, gender identity, sexual orientation, religious beliefs, physical abilities, personalities and experiences – at all levels and in all functions and regions. We also collaborate in a flexible working environment, providing you with a compelling degree of autonomy to decide how, when and where to carry out your tasks.

Are you curious to learn more about what we do, how we do it, and what your role could be? Contact us to find out.

Reference Code: 108624 


Job Segment: Credit, Risk Management, Underwriter, Claims, Finance, Insurance