Underwriter - Political Risk & Trade Credit

OLDOffice Locations:


This is an exciting opportunity to join Beazley’s Political Risk and Trade Credit team in New York. The successful candidate will join as part of a global team providing specialist political risk protection for companies investing and trading in emerging markets worldwide as well as underwriting domestic trade credit risks in the US. Clients include commodity traders, foreign investors, banks and financial institutions, project financiers and sponsors, forfeiting companies, and exporters and importers of goods and services. . We are looking for a highly motivated individual with the abilty to build and develop strong relationships with brokers, and who has the ability to work in a fast paced and dynamic environment. The team writes a broad spectrum of coverages and so offers a great opportunity to learn multiple underwriting skills.

Job Title:                    Underwriter – Political Risk & Trade Credit

Division:                     Political Contingency Group (PCG)

Location:                    New York

Reports To:                Focus Group Leader – US Political Risk & Trade Credit

Key Relationships:    Brokers, underwriters, claims staff, coverholders, external clients and suppliers    

Job Summary:           To underwrite a Political Risk & Trade Credit account within the PAC team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Beazley brand.

FLSA:                          Exempt

Key Responsibilities:


  • Develop and underwrite a profitable portfolio of Political Risk & Trade Credit business.

  • Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.

  • Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.

  • Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.

  • Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Political Risk & Trade Credit account.

  • Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and PAC.

  • Comply with Beazley’s underwriting control standards for business written through Lloyd’s, Beazley Insurance Company Inc or Beazley’s internal MGAs.

  • Develop a good working relationship with the claims managers on this class of business.

Client Management

  • Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.

  • Foster positive relationships with clients to get a mutual understanding of both their and Beazley’s needs.

  • Maintenance of good business relationships with brokers.

  • Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.


  • Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
  • Develop best practice and disseminate business and class knowledge within the Political Risk & Trade Credit and PAC team.
  • Work with peers within Political Risk & Trade Credit and PAC to maximise business opportunities and profitability within the department.  This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
  • Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability within the Group.
  • Production of presentations and marketing literature as required.
  • Production of business plans/research documents for the Political Risk & Trade Credit account as required.


Personal Specification:

Education and Qualifications

  • Minimum Bachelor’s Degree education

Skills and Abilities

  • Proficient underwriting skills

  • Accurate and numerate

  • Computer skills – good working knowledge of MS Office, advanced Excel skills

  • Strong analytical skills with attention to detail

  • Able to communicate effectively with others, both verbally and in writing

  • Ability to manage time, meet deadlines and prioritise

  • Motivational skills

Knowledge and Experience

  • General commercial and financial knowledge

  • Extensive experience in insurance industry

  • Experience of Political Risk & Trade Credit underwriting

  • Thorough knowledge of underwriting policy, philosophy and practice

  • Advanced knowledge of underwriting processes and systems

  • Client service experience

Aptitude and Disposition


  • Result focussed, self-motivated, flexible and enthusiastic

  • Professional approach to interact successfully with managers/ colleagues/ external suppliers

  • Team worker as well as able to work on own initiative

  • Customer focused, with a strong ethic of service and fairness to the customer



Are you a returning applicant?

Previous Applicants:

If you do not remember your password click here.

Back to Search Results

New Search