Overview

Senior Surety Underwriter role at Zurich Insurance

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

Location: London – hybrid working with at least 3 days in our Mark Lane office. Closing date for applications: 18th September 2025.

The opportunity: Are you an experienced underwriter in UK Contract and Commercial Surety, ready to take the next step? You will join Zurich’s Commercial Insurance business in London as a key member of the Surety Underwriting team, helping to grow our portfolio by delivering exceptional service and underwriting expertise to brokers and customers.

As a Senior Surety Underwriter, you’ll take on significant responsibility for underwriting complex contract and commercial Surety risks, ensuring every decision aligns with our strategies, guidelines, authorities, and pricing frameworks. Your expertise will impact the achievement of our Surety business’s strategic and operational objectives.

Zurich supports flexible working arrangements and understands that the best people may work in varying patterns. Please discuss any flexibility you may need at interview.

What you’ll be doing

• The facility and bond underwriting within individual underwriting authority and for providing recommendations for approval by credit committee for facilities and bonds outside of individual underwriting authority.
• Participation on credit committees with authority alongside other credit committee members to approve larger facilities and bonds underwritten by Zurich’s UK Surety team.
• Negotiate bond wordings, indemnities and other recourse documents for new and existing facilities including negotiations with external solicitors and clients.
• Act as referral point for other members of the team for bond enquiries, indemnity and recourse documentation.
• Develop a pipeline of facility and bond enquiries through client, internal Zurich relationships, cross selling and broker relationships.
• Identifying and developing new surety products and target segments.
• Implementing new operational improvements.

What we’re looking for

• Proven experience in underwriting UK Contract and Commercial Surety business
• Strong financial analysis skills, with the ability to review and interpret financial statements to assess the creditworthiness of Surety clients
• Solid understanding of indemnity structures and how they apply in practice
• Collaborative approach and a strong team player
• In-depth knowledge of Surety bond wordings and associated documentation
• Ideally, a well-established network of contacts within the UK Surety market

What you’ll get in return

Zurich offers a wide range of employee benefits including a 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.

Our benefits provide real flexibility so our people can tailor their benefits throughout the year. Follow the link for more information about our benefits.

Who we are

Zurich aspires to be a responsible and impactful business and the best global insurer. We’re a large, stable employer with a diverse and inclusive culture and a commitment to wellbeing and development.

Our culture

We value diversity and inclusion and aim to reflect the diversity of our customers. We provide training and development opportunities, wellbeing support, volunteering opportunities through the Zurich Community Trust, and a focus on sustainable impact.

Salary: Competitive salary plus an excellent benefits package.

Location: London – hybrid working with at least 3 days in the Mark Lane office.

Application note: Referrals increase your chances of interviewing at Zurich Insurance. We’re an inclusive employer and welcome adjustments for applicants where needed.