Head of Non-Payment Insurance

| Position Summary |
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| 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.<br><br>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.<br><br>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 |
| <ul><li>Lead and develop a Non-Payment Insurance business from inception through the design and implementation of a business plan together with senior management.</li><li>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.</li><li>Ensure Lloyd’s underwriting standards and the managing agent’s governance requirements are met.</li><li>Undertake underwriting duties for Non-Payment Insurance products.</li><li>Structure and assess complex transactions involving project finance, single name corporates and structured finance.</li><li>Develop and maintain strong relationships with banks, brokers, reinsurers, investors, and other market participants.</li><li>Develop and advise on underwriting and portfolio risk frameworks.</li><li>Take an active role in business development and marketing efforts, including travel.</li><li>Represent the company externally with clients, brokers, reinsurers, regulators, and rating agencies where appropriate.</li><li>Monitor portfolio performance, market developments, and emerging risks to ensure disciplined underwriting standards and portfolio quality.</li><li>Advise on and help develop internal IT systems and operational infrastructure to support the business.</li><li>Advise on and create a reinsurance programme to support underwriting capacity and portfolio management.</li><li>Over time recruit, mentor, and lead a team of underwriters.</li><li>Work closely with internal stakeholders and other business lines across the Assured group.</li><li>Review project documentation and loan agreements as part of the underwriting process.</li><li>Assume responsibility for overseeing and managing legal and regulatory projects when necessary.</li></ul> |

| Candidate Background & Qualifications |
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| <ul><li>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.</li><li>Excellent relationships with brokers and banks across the structured credit and trade finance markets.</li><li>Expertise in corporate credit, infrastructure, and project finance transactions.</li><li>Familiarity with drafting and negotiating Non-Payment Insurance policies and related contractual documentation.</li><li>Experience developing or advising on underwriting systems, IT infrastructure, and operational best practices.</li><li>Experience establishing or managing reinsurance programmes.</li><li>Experience with third-party investor structures and alternative capital solutions.</li><li>Strong credit analysis, underwriting judgement, and transaction structuring capability.</li><li>Ability to manage KYC and compliance responsibilities with excellent verbal and written communication skills.</li><li>Proven leadership capability, with prior management experience preferred.</li><li>Entrepreneurial and commercially minded, with the ability to build a business from the ground up.</li><li>Upbeat, dynamic, and driven personality with strong relationship management skills.</li><li>Foreign language capability with business-level proficiency is advantageous.</li></ul> |