Head of Non-Payment Insurance

About this role

<p> </p> <table width="744"> <tbody> <tr> <td width="744"> <p><strong>Position Summary</strong></p> </td> </tr> <tr> <td width="744"> <p>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.</p> <p>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.</p> <p>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.</p> </td> </tr> <tr> <td width="744"> <p><strong>Job Responsibilities</strong></p> </td> </tr> <tr> <td width="744"> <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> </td> </tr> </tbody> </table> <table width="744"> <tbody> <tr> <td width="744"> <p><strong>Candidate Background & Qualifications</strong></p> </td> </tr> <tr> <td width="744"> <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> </td> </tr> </tbody> </table>