Position Summary
Assured Guaranty is seeking a commercially driven and strategically minded senior leader to establish and lead a new Non-Payment Insurance (NPI) syndicate at Lloyd’s, within an established financial guaranty insurance and asset management group. This is a unique opportunity for an experienced market professional to build a business from inception, shape underwriting strategy, and create a scalable and profitable franchise within a well-capitalised insurance group.
The successful candidate will bring deep expertise in non-payment insurance, structured finance and project finance. They will possess strong market relationships across banks and brokers, exceptional underwriting capability, and experience building teams, infrastructure, and governance frameworks.
The position will report directly to senior management and will play a critical role in defining the company’s market positioning and long-term growth strategy.
Job Responsibilities
- Lead and develop a Non-Payment Insurance business from inception through the design and implementation of a business plan together with senior management.
- As Active Underwriter, lead day-to-day underwriting decisions and portfolio performance for the syndicate’s ensuring business is written within the agreed risk appetite, authority framework and the Syndicate Business Forecast.
- Ensure Lloyd’s underwriting standards and the managing agent’s governance requirements are met.
- Undertake underwriting duties for Non-Payment Insurance products.
- Structure and assess complex transactions involving project finance, single name corporates and structured finance.
- Develop and maintain strong relationships with banks, brokers, reinsurers, investors, and other market participants.
- Develop and advise on underwriting and portfolio risk frameworks.
- Take an active role in business development and marketing efforts, including travel.
- Represent the company externally with clients, brokers, reinsurers, regulators, and rating agencies where appropriate.
- Monitor portfolio performance, market developments, and emerging risks to ensure disciplined underwriting standards and portfolio quality.
- Advise on and help develop internal IT systems and operational infrastructure to support the business.
- Advise on and create a reinsurance programme to support underwriting capacity and portfolio management.
- Over time recruit, mentor, and lead a team of underwriters.
- Work closely with internal stakeholders and other business lines across the Assured group.
- Review project documentation and loan agreements as part of the underwriting process.
- Assume responsibility for overseeing and managing legal and regulatory projects when necessary.
Candidate Background & Qualifications
- Significant proven underwriting experience within an insurance company, broker, bank operating in the credit and non-payment insurance market, with strong familiarity of the Lloyd’s market.
- Excellent relationships with brokers and banks across the structured credit and trade finance markets.
- Expertise in corporate credit, infrastructure, and project finance transactions.
- Familiarity with drafting and negotiating Non-Payment Insurance policies and related contractual documentation.
- Experience developing or advising on underwriting systems, IT infrastructure, and operational best practices.
- Experience establishing or managing reinsurance programmes.
- Experience with third-party investor structures and alternative capital solutions.
- Strong credit analysis, underwriting judgement, and transaction structuring capability.
- Ability to manage KYC and compliance responsibilities with excellent verbal and written communication skills.
- Proven leadership capability, with prior management experience preferred.
- Entrepreneurial and commercially minded, with the ability to build a business from the ground up.
- Upbeat, dynamic, and driven personality with strong relationship management skills.
- Foreign language capability with business-level proficiency is advantageous.
Skills Required
- Proven underwriting experience in non-payment insurance, credit and structured finance
- Strong familiarity with the Lloyd's market and Lloyd's underwriting standards
- Established relationships with brokers, banks, reinsurers and other market participants
- Expertise in corporate credit, infrastructure and project finance transactions
- Experience structuring and assessing complex transactions (project finance, single-name corporates, structured finance)
- Familiarity drafting and negotiating Non-Payment Insurance policies and contractual documentation
- Experience developing or advising on underwriting systems, IT infrastructure, and operational best practices
- Experience establishing or managing reinsurance programmes and alternative capital solutions
- Experience with third-party investor structures and alternative capital solutions
- Strong credit analysis, underwriting judgement, and transaction structuring capability
- Ability to manage KYC and compliance responsibilities; excellent verbal and written communication skills
- Proven leadership capability and ability to recruit, mentor and lead underwriting teams
- Prior management experience
- Entrepreneurial and commercially minded with ability to build a business from inception
- Willingness to travel for business development and client/broker/regulator meetings
- Foreign language capability with business-level proficiency
What We Do
Assured Guaranty is the leading provider of financial guaranty insurance. We guarantee timely payment of scheduled principal and interest when due on municipal, public infrastructure and structured financings. Issuers use our financial guarantees to lower their cost of funds, broaden distribution and diversify funding sources. For more than three decades, our insurance subsidiaries have helped to lower the cost of borrowing for municipalities and other issuers across the United States by guaranteeing a wide range of tax-exempt and taxable, investment-grade, municipal bonds that are supported by either tax revenues or revenues from essential public projects or services. From schools to clean water, from transportation projects to hospitals and more, we help municipalities build sustainable public infrastructure and better serve their residents, including their underserved and at-risk communities. We are also active in the United Kingdom, Europe, Australia and other developed countries, where we guarantee public-private partnership, local authority and regulated utility financings. In structured finance, globally, we guarantee asset securitizations and craft custom applications of our guarantees to assist our institutional clients in managing their portfolio risk and capital. For investors, our value proposition includes not only the security of our unconditional, irrevocable guaranty but also our experienced credit selection, underwriting and surveillance. Our business model has proven its resilience through multiple business cycles, and we have demonstrated our commitment to maintaining the financial strength to protect our policyholders for the life of their insured investments. In addition, our subsidiary Assured Investment Management LLC provides alternative investment management and advisory services to institutional and other qualified investors through our investment arm and offers a variety of credit-focused strategies and structured finance solutions.
