Senior Underwriter - Political Violence

Job Description Summary
Company Description
IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers.

Job Description

Role Overview

As a Political Violence Underwriter, you will be responsible for underwriting complex, worldwide portfolios covering War, Terrorism, Strikes, Riots, Civil Commotion (SRCC), and Malicious Damage risks. Operating and overseeing all IGI trading platforms including the Lloyd's Box. As a senior member of the team, you will play a pivotal role in shaping underwriting strategy, deploying capacity effectively, and mentoring junior team members within the dynamic market environment.

You will maintain a profitable book of business by assessing emerging geopolitical threats and negotiating terms with IGI approved accredited brokers.

Embodying IGI’s core values daily being;

Innovative - coming up with solutions.

-        We listen, consider and endeavor to offer solutions to all our customers.

-        We encourage our employees to innovate and to come up with new ideas and initiatives.

Genuine - authenticity matters

-        We are a global team, supporting and collaborating with each other, for the benefit of all our stakeholders.

-        We celebrate diversity and recognize that everyone is unique, and of value to ourselves and our society.

Integrity - remaining true to our employees, customers and stakeholders.

-        We put our principles into practice, doing only what’s right for our customers, employees and shareholders.

-        We believe in building relationships, internal and external, based on trust, truths and real collaboration.

Key Responsibilities

Underwriting & Portfolio Management

• Underwriting & Portfolio Management: Structure, price, and underwrite complex standalone Terrorism and Political Violence risks globally, ensuring strict adherence to internal underwriting guidelines and risk appetite.

• Broker Relations & Business Development: Maintain and expand an established network of London market producing brokers. Proactively originate new business and secure high-value renewals.
• Risk Analysis & Modelling: Evaluate geopolitical exposures, country risk ratings, and accumulation limits. Utilize exposure management tools and catastrophic modelling data to manage aggregate tracking across volatile regions.
• Strategy Formulation: Contribute directly to the annual business plan, market positioning, and wording developments to reflect the shifting global threat landscape.
• Mentorship: Provide technical guidance, sign-off authority, and mentorship to assistant and junior underwriters.
• Peer Review: Evaluate each team members risk assessment, pricing, and policy terms, ensuring accuracy and consistent methodology is applied throughout the team. Identify coverage gaps and verify that decisions align with IGIs overall risk appetite. Streamline the workflow process for continuous improvement.

• Key Performance Indicators: Ensure any audit requirements and recommendations are promptly implemented and maintained.

Compliance & Administration

• Endorsements & Clauses: Apply and stay up to date with market-standard model clauses, endorsements, and exclusions (e.g., LMA, NMA, and LSW wordings).

Technical & Personal Skills

• Ensure an appropriate level of personal specialist knowledge and competence is maintained through a defined programme of training and continuing professional development as determined by prevailing regulatory requirements and internal standards.

• Technical Systems: High proficiency in modern London Market placement platforms such as PPL and Whitespace.
• Analytical Skills: Strong numeracy and data-handling skills with the ability to interpret risk modelling and geographic/political data.
• Commercial Acumen: A self-starter with excellent negotiation, communication, and relationship-building capabilities.

Conduct Rules

SMCR was introduced by the Financial Conduct Authority (FCA), includes a set of Conduct Rules that apply to most employees in UK financial services firms. These rules aim to improve individual accountability and promote a healthy culture across the industry.

Individual Conduct Rules

These are the core five rules that apply to all employees

• Act with integrity
• Act with due skill, care and diligence
• Be open and cooperative with the FCA, PRA, and other regulators
• Pay due regard to the interests of customers and treat them fairly
• Observe proper standards of market conduct