We are looking for a Regional Head of Financial Institutions, based in London.

The Impact You Will Have

At Allianz Commercial, we combine specialist expertise and global reach with high levels of AA rated underwriting capacity to industry specific exposures. This allows us to establish a reputation as leaders of some of the largest and most complex Financial Institutions (FI) risks in the market.

Reporting to the Regional Head of Financial Lines, UK, you will deliver clear underwriting strategies for the regional team. You will have ownership of selected key/large accounts and share your expertise while training staff.

Responsibilities

• Develop and execute the strategy for the FI portfolio for the UK region within the framework of the global strategy for the Line of Business (LoB).
• Develop targeting strategy for new opportunities in the FI market.
• Manage a team of underwriters with different levels of expertise.
• Collaborate with relevant internal stakeholders (e.g., Underwriting, Operations, Actuarial, Finance, etc.) to enable delivery of underwriting targets.
• Underwrite large new and renewal accounts to meet top and bottom line targets.
• Negotiate participation, pricing, and terms and conditions with brokers.
• Underwrite and take referrals in line with FI governance framework – e.g., Underwriting Authorities, global MSU, Underwriting Guidelines, Rules, and Principles.
• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
• Positively represent Allianz Commercial externally to the market.

Qualifications

• 7‑10 years of experience underwriting profitable business in the FI segment of large corporate international insurance.
• Preferably, you bring people management experience.
• Ideally, you are CII qualified or equivalent, or working towards it.
• You have recognised relationships with clients and brokers at the peer group level and are well established within your reference market.
• Specialised understanding of regional/national FI insurance markets and the competitor landscape.
• Ability to negotiate effectively, achieving the best outcome for your portfolio while maintaining positive business relationships with your clients and brokers.
• Ability to leverage data and analytics to make business more efficient and effective.
• Good understanding of the legal and regulatory framework.
• Ability to design, develop, and implement consistent, robust wordings for contracts.
• Demonstrated ability to collaborate effectively with colleagues across various departments, fostering a team‑oriented environment and contributing to collective success.
• Excellent interpersonal and communication skills.
• You should be able to integrate AI‑driven insights into your work to optimise outcomes and support broader organisational goals.
• Fluent English skills.

What’s in it for you?

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, recognising the value of balancing in‑person collaboration and remote working. Flexible working arrangements can be discussed.

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

We support flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), and help people return from career breaks with experience that nothing else can teach.

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 clients.

Care to join us?

Allianz Commercial is the centre of expertise of Allianz Group, insuring mid‑size businesses, large enterprises and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family‑owned and medium‑enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what lies ahead.

Learn more about careers at Allianz Commercial by clicking here.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is an inclusive workplace where people and performance matter, nurturing a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

People with disabilities: We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com.

Recruitment Agencies: Allianz Commercial has an in‑house recruitment team that focuses on sourcing great candidates directly. All other unsolicited resumes from agency or search firm recruiters will not be accepted. Fees will not be paid in case a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place; please do not contact managers directly. Failure to comply could result in the disqualification of the candidates and/or the termination of our contract and fees not being paid.

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