Interested in helping insure the UK's most complex construction and infrastructure projects?

Join Swiss Re Corporate Solutions and play a key role in underwriting major UK construction projects—from buildings to transport and energy infrastructure, data centers, and industrial facilities.

This is an excellent opportunity for a proactive underwriter with construction insurance experience to deepen their technical expertise, develop a sustainable portfolio and build a long-term career with a leading global insurer.

About the Role

As an Engineering & Construction Underwriter based in London, you'll be responsible for underwriting a portfolio of UK construction risks, partnering with brokers, clients, risk engineers, and claims specialists to deliver effective insurance solutions.

You will build on your existing construction underwriting experience while gaining exposure to major projects across the UK construction sector.

Key Responsibilities

Assess and underwrite Construction All Risks (CAR), Erection All Risks (EAR), Delay in Start-Up (DSU) and other related construction covers.
Analyse construction project information, including contractors, construction methods, technologies, schedules and risk controls
Negotiate policy terms, conditions, and pricing with brokers and clients
Monitor project performance throughout the construction lifecycle and support risk management initiatives
Collaborate with Risk Engineering and Claims colleagues to investigate losses and develop practical solutions
Manage policy amendments and coverage changes as projects evolve
Build and maintain strong relationships with relevant stakeholder including brokers, contractors, project owners, etc
Continue developing technical underwriting expertise through Swiss Re's structured training and development programmes

About the Team

Our London Engineering & Construction team underwrites a broad portfolio of construction business across the UK and internationally. The team reviews projects ranging from:

Residential, mixed-use and commercial developments
Data centres
Industrial, manufacturing and warehouse facilities
Transport infrastructure
Power and utility projects
Mining
Oil, gas and petrochemical projects.
Renewable energy construction, including solar, wind, and battery storage projects

You'll join an experienced and collaborative team of underwriters committed to technical excellence, continuous learning, and providing innovative solutions to clients operating in an increasingly complex construction environment.

About You

You have experience within construction insurance and are looking to develop your career within a highly respected and technically focused underwriting team. You enjoy interpreting project information, analysing risks, and building trusted relationships with brokers and clients. You are commercially minded, detail-oriented, and motivated to continuously expand your knowledge of the UK construction sector.

We're looking for candidates with:

Experience within construction / engineering underwriting, property underwriting, broker placement, or technical insurance support roles
Exposure to Construction All Risks (CAR), Engineering All Risks (EAR), Property, or Specialty Lines of business
Strong analytical skills and sound underwriting judgement
Good understanding of UK construction projects and associated risk exposures
Excellent communication, negotiation, presentation and relationship-management skills
Strong IT skills

We'd particularly welcome candidates with:

Knowledge of major contractor and developer-led projects
London Market experience
Experience working with multinational clients and programmes
Progress towards or completion of ACII or other professional insurance qualifications

Why Join Swiss Re Corporate Solutions?

This role offers the opportunity to work on some of the UK's most significant construction projects while developing specialist expertise within a global organisation known for technical excellence. You'll benefit from structured development, exposure to complex risks, and clear opportunities for career progression within one of the world's leading commercial insurers.

Whether your experience comes from a construction underwriting team, a broker, or another specialty insurance environment, this is an opportunity to accelerate your career and become a recognised Engineering & Construction underwriting specialist.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week. #LI-Hybrid

For London the annual base salary range for this position is between GBP 63 000 and GBP 95 000 (for a full-time role). The specific salary offered considers:

the requirements, scope, complexity and responsibilities of the role,
the applicant's own profile including education/qualifications, expertise, specialisation, skills and experience.

In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Further you will enjoy a variety of global and location specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract.

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 and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.

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Engineering & Construction Underwriter (Hybrid Work, 80 - 100% working degree possible)