Are you analytically minded and passionate about credit risk? Do you thrive in an international environment where sharp thinking meets meaningful client relationships? At Swiss Re, we bring together deep underwriting expertise and a integral perspective — and we are looking for a curious, motivated individual ready to make their mark in Credit & Surety Reinsurance across Europe.
If you enjoy analysing credit risks, exercising sound judgement, collaborating with talented colleagues and engaging with clients across diverse markets, this could be the opportunity you have been looking for.

About the Role
This is your chance to join Swiss Re's Credit & Surety Reinsurance Europe team in Madrid and grow your underwriting expertise in one of the most specialised and intellectually stimulating areas of the reinsurance industry.
You will actively assess and underwrite treaty and facultative reinsurance opportunities, working closely with experienced underwriters and specialists. You will take ownership of selected risks, accounts and client interactions,



while building a deep understanding of credit risk, reinsurance structures and portfolio management. The role offers a genuine opportunity to develop both your technical underwriting capabilities and your commercial acumen in a truly international setting.

Key Responsibilities

Analyse and assess treaty and facultative reinsurance opportunities, evaluating risk profiles, exposures and expected profitability, and conducting appropriate costing
Prepare high-quality underwriting analyses and recommendations in line with Swiss Re's risk appetite, underwriting guidelines and governance framework
Negotiate reinsurance terms and conditions with clients and brokers, collaborating with underwriting colleagues as needed
Make underwriting recommendations and decisions within the applicable authority framework and take ownership of selected risks and accounts

Develop and nurture relationships with insurance clients, brokers and other ma

📌 Underwriter Credit (Madrid)
🏢 Swiss Re
📍 Madrid