Job title: Executive Underwriter – Marine

Company: Allianz

Job description: Executive Underwriter – Marine – Toronto

If you are a current AGCS employee and wish to refer a candidate for this role, please click for instructions and eligibility criteria

Cluster: Allianz Professional

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

At Allianz Global Corporate and Specialty (AGCS), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AGCS has the major risks covered when it comes to protecting businesses.

We are looking for an Executive Underwriter – Marine. This role will be hybrid, and based in our Toronto, Ontario, Canada office.

Your Team

AGCS Canada has been a strong player in the insurance market for many years. Today, we have a growing workforce – over 100 people strong – and an expanding book of business. We are a trusted industrial insurer for many of the major companies in Canada, backed by the strong capital and capacity you would expect from the Allianz Group.

Our marine insurance solutions include risk control program development and implementation, crew and operator safety training, and vessel, condition, and loss-prevention surveys. We work with a wide range of marine clients from across the globe, from logistics and multimodal transport operators to marina operators, vessel charters and shipbuilders.

Our Ocean/Cargo, Transportation, and Construction Insurance solutions cover over 100 classes of business, covering all aspects of moving or movable property. Whether it’s a building under construction or a shipment of an original Picasso, our inland marine insurance underwriters provide flexible and creative solutions for the most challenging of inland marine exposures.

The Impact You Will Have

Reporting to the Head of Marine Canada, this position will take prime responsibility for underwriting profitable new and renewal business to meet the Marine line of business targets in accordance with underwriting guidelines and underwriting authority. In addition, negotiate pricing, and terms and conditions, own accounts/clients, while developing and maintaining strong relationships with producers and clients in partnership with Market Management.

Some of your specific responsibilities could include:

• Underwriting new and renewable accounts to meet top and bottom-line targets (local and/or regional). Negotiating participation, pricing and terms and conditions with brokers.
• Underwriting in line with LoB governance framework – e.g., Underwriting authorities, global MSU, Underwriting Guidelines, Rules and Principles while ensuring utilization of global pricing tools.
• Ensuring accurate policy documentation issued to broker or broker has issued documentation.
• Supporting development and execution of regional Underwriting strategy.
• Training, developing, and coaching less experienced staff.
• Proactively support acquisition of new business, retention of existing business, and proactively drive involvement of functional areas in Underwriting process, including MMC, ARC, Claims, Operations, Risk Managers, and other relevant stakeholders.

What You’ll Bring to the Role –

We’d like to find someone with a minimum 7 years’ proven track record in underwriting profitable business (ocean/cargo, transportation, and construction), demonstrable, established relationships with brokers at the peer group level and established within the market. A good understanding of regional/location Insurance markets and competitor landscape with preferably a bachelor’s degree in Economics, Finance, Insurance, Risk Management or Business Administration. Completion of a professional insurance qualification.

Using your outstanding relationship building and networking skills, you’ll enjoy creating a community of experts and collaborating with our Lines of Business on innovative products and services to drive our agenda. This is a fantastic opportunity to play an integral role in building out our capability and shaping the future.

The annualized base pay range for this role is $106,810 to $182,276. The annual base salary range represents a nationwide market range. The actual salary for this position may be above and will be determined by several factors, including the scope, complexity and location of the role, the skills, education, training, credentials, and experience of the candidate. The base pay is just one component of the AGCS total compensation package. As part of our comprehensive compensation and highly rated benefits programs, employees are also eligible for annual performance-based cash incentive awards.

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

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

Let’s care for life’s twists and turns

From our support for flexible working, health, and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We’ve got your back.

Let’s care for our society and our planet

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 Global Corporate & Specialty (AGCS) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. Learn more about us by clicking .

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our company culture.

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

Recruitment Agencies:

AGCS has an in-house recruitment team, which focuses on sourcing great candidates directly. AGCS does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly.

#LI-NG1 #LI-Hybrid

Expected salary: $106810 – 182276 per year

Location: Toronto, ON

Job date: Sun, 02 Jul 2023 02:05:59 GMT