Senior Captive Underwriter

Working hours: This role is available on a part-time, job-share or full-time basis. 

Location: London – Hybrid working with a minimum 3 days in the office    

Closing date for applications: 13th April 2026

The opportunity: 

Are you an Underwriter looking for your next step in your Underwriting Career or a Senior Underwriter looking for a new challenge?  We are looking for an experienced Insurance Professional to join our Captive Underwriting team in Mark Lane, London, and build on our success.

If this opportunity excites you, we’d be happy to hear from you. We’re open to candidates who are looking to grow into the role, with support and development available to help you progress to G5 over time.

Are you looking for a market facing role? Are you looking to gain exposure to multiple business lines? If so, we would love to hear from you. This role will give you exposure to our Captive, Credit Risk, Customer, Distribution, Claims, and Underwriting teams.

Many of our employees work flexibly in a variety of different ways, including part-time, flexible hours, job share, an element of working from home or compressed hours. This is because we want the best people for our roles, and we recognise that sometimes those people aren’t available full-time. Please talk to us at interview about the flexibility you may need.  

What will you be doing?

As a Senior Captive Underwriter, your role will consist of the below:

• Financial Analysis at counterparty Credit Risk level.
• Risk and exposure assessment of credit risk embedded in underwriting transactions.

• Work within Zurich guidelines and risk policy ensuring compliance with all guidance.
• Design, negotiation, and implementation of Captive fronting programmes, including pricing of fees, execution of collateral and reinsurance documentation.
• Work with local Customer and Broker distribution teams to ensure effective communication of Zurich messages and ongoing sales performance.
• Develop and propose action plans for improvement in dealing with complex customer cases in response to business partner and customer feedback to enable the organization to meet their needs.
• Provide expert advice within specialised area to key stakeholders/customers in order to identify and deliver solutions that benefit the organization and their customers.
• Maintenance of the credit risk database and management of your portfolio of risk.
• Use insights from customers, distributors and own technical expertise to develop new or enhanced propositions that meet customer needs.
• Drive business development with distributors by identifying opportunities or issues and taking the necessary actions.

What are we looking for?

We are looking for a candidate with experience in at least one of the following: Captives, Finance, Underwriting, or Risk Management.

We recognise there may be candidates suitable for the role that have experience outside of the captive arena, and additional training will be provided as required.

Skills or experience in some of the following would be welcome:

• Bachelor’s degree (or equivalent) or significant experience
• Finance and Accounting
• Knowledge of Global Insurance Market including Regulatory environments
• Experience of working with different Lines of Business
• Effective in working relationships through empathy, active listening, and clear communication
• Ability to build and maintain trusted relationships with brokers and key clients
• An analytical approach and/or experience in a financial analytical role
• Currently working towards, or happy to obtain qualifications such as CII

As an inclusive employer we want to ensure that all candidates feel comfortable and are able to perform at their best during the interview. You’ll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply. 

What will you get in return? 

Everyone’s different. That’s why at Zurich, we offer a wide range of employee benefits so our people can choose what fits them and their life. Our benefits provide real flexibility so our people can make considered choices and tailor their benefits throughout the year. Our benefits include 12% defined non-contributory pension scheme, annual company bonus, private medical insurance and the option to buy up to an additional 20 days or sell some of your holiday. 

Follow the link for more information about our benefits - Employee benefits | Working at Zurich Insurance UK 

As an inclusive employer we want to ensure that all candidates feel comfortable and are able to perform at their best during the interview. You’ll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply.  

Who we are:  

At Zurich we aspire to be one of the most responsible and impactful businesses in the world and the best global insurer. Together we’re creating a brighter future for our customers, our people and our planet.  

With over 55,000 employees in more than 170 countries, you’ll feel the support of being part of a strong and stable company who are a long-standing player in the insurance industry. 

We’ve made a promise to each other and every employee; to focus on sustainable impact, to care about each other’s wellbeing, to use our diverse expertise to be curious and optimistic and to develop the skills needed for our future.  

If you're interested in working in a dynamic and challenging environment for a company that recognises and rewards your creativity, initiatives and contributions - then Zurich could be just the place for you. Be part of something great. 

Our Culture: 

At Zurich, our sense of community is strong and we’re particularly passionate about diversity and inclusion, which we’ve won numerous awards for. We want our people to bring the whole of themselves to work and ensure everybody is made to feel welcome, regardless of their background, beliefs or culture. We want our employees to reflect the diversity of our customers, and so are committed to treating all of our applicants fairly and with respect, irrespective of their actual or assumed background, disability or any other protected characteristic. 

We’ve an environment that places a real importance on our people’s wellbeing from a physical, mental, social and financial perspective. We work with our wellbeing partners and industry experts to provide the best advice and access to a wealth of lifestyle support. We’re also committed to continuous improvement and we offer access to a comprehensive range of training and development opportunities. 

We’re passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity. Our charitable arm, Zurich Community Trust, is one of the longest-established corporate trusts in the UK. In that time, we’ve awarded grants and volunteered time to deserving causes in the UK valued at over £90 million. 

So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us. #LI-Hybrid