Underwriter - Political Risk & Specialty Credit
Chubb · London
The Opportunity
Chubb is seeking an Underwriter to join its Political Risk & Specialty Credit team. This role is focused on evaluating, structuring and managing political risk and specialty credit opportunities across a diversified portfolio. The position works closely with brokers, clients and internal partners to assess risk, support disciplined underwriting decisions and contribute to sustainable portfolio development.
The role combines technical underwriting judgement with market engagement and ongoing portfolio management. It will suit an underwriter who is comfortable analysing complex international risks, working across policy structures and maintaining clear, well-reasoned documentation.
Key Responsibilities
Underwrite political risk and specialty credit risks in line with delegated authority, appetite and portfolio objectives.
Review submissions, conduct financial and country risk analysis, and assess transaction structures, obligor quality, security package and policy wording requirements.
Prepare underwriting recommendations, pricing rationale and file documentation that clearly support risk selection decisions.
Develop and maintain relationships with brokers and clients, including participation in meetings, renewals and new business discussions.
Negotiate terms, conditions and endorsements while ensuring consistency with underwriting guidelines and legal, compliance and regulatory requirements.
Manage a portfolio of new and renewal business, monitoring exposure, accumulation, tenor, sector and country concentrations.
Work closely with colleagues across claims, legal, operations, finance and actuarial functions to support effective policy execution and portfolio management.
Contribute to internal reporting, renewal strategy, pipeline management and portfolio reviews.
Maintain awareness of geopolitical, macroeconomic and market developments relevant to political risk and specialty credit underwriting.