Underwriter - Business Development | Remote (Minneapolis, MN, US, 55416)

AZRA is a specialty niche reinsurer, domiciled in California and licensed as an admitted insurer in 36 states (including District of Columbia), and is a qualified, accredited, or approved reinsurer in fifteen states. AZRA is a property casualty reinsurer which writes both prospective and legacy reinsurance. AZRA has specific expertise in run-off management of U.S. legacy insurance liabilities. It services Allianz Group affiliates and third parties including third party claims administration of asbestos, environmental, workers compensation, general liability, and construction defect liabilities.

AZRA has approximately 150 employees located nationwide with the majority working on a remote basis. AZRA is rated “AA-“ by Standard & Poor’s. As of December 31, 2025, AZRA had total admitted assets of USD $3.6 billion and policyholders’ surplus of $265 million.

What you do:

Client Engagement

• Serve as a client facing representative for AZRA
• Oversight of the transaction process; Primary responsibility for negotiation and final price. 
• In conjunction with the Sr Underwriter approve transactions within a specific authority limit
• Meet Brokers, clients; attend conferences, organize meetings for the team at conferences
• Organize underwriting and claim audits; attend some audits 
• Articulate scope and appetite to clients/ brokers; turn down transactions 
• Attend 2-3 Legacy Conferences per year ; Manage legacy brokers and legacy transactions 
• Find new markets for AZRA to explore – ie mutual insurers  

Transaction role

• Structure and Negotiate deals along with actuary / underwriters ; each deal will have a primary negotiator  - person could be actuary or client manager 
• Work with legal on wordings and contract language; manage legacy contract process
• Governance – ensure that contracts meet exclusions (EET) / sanctions / ESG requirements; Lead audit responses ; be knowledgeable of group and local U/W guidelines
• Utilization of artificial intelligence tools and resources (e.g. generative AI)

What you bring:

• Deep knowledge of Reinsurance Market – junior broker 
• Underwriting experience a plus; knowledge of reinsurance transactions and lines of business 
• You must be legally authorized to work in the U.S. without requiring immigration sponsorship now or in the future. This includes holders of H-1B, H4, L-1, L-2, TN, OPT, CPT, and other nonimmigrant visas.

Job Posting Range $131,600.00 to $219,300.00

Note the job posting range is exclusive of company benefits or other compensation. This role is also eligible for an annual incentive program. If you are hired, your final base salary will be determined based on factors such as geographic location, experience, skills, competencies, and/or education. In addition to those factors, we will also consider internal equity of our current employees. Please keep in mind that the range provided is the full base salary range for the role. Hiring at or near the maximum of the range would not be typical to allow for future and continued salary growth.

99944 | Underwriting | Professional | Allianz Reinsurance | Full-Time | Permanent

What we offer:

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.