Who are we?

Howden is a global insurance group with employee ownership at its heart. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mindset, and our strength lies in our ability to collaborate as a powerful international team comprised of 24,000 employees spanning over 56 countries.

People join Howden for many different reasons, but they stay for the same one: our culture. It’s what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities – work / life balance, career progression, sustainability, volunteering – you’ll find like-minded people driving change at Howden.

M&A Junior Underwriter

Role overview

We are looking for a motivated and detail-oriented individual with strong analytical and interpersonal skills to join our M&A team in Madrid. This is an excellent opportunity for a legal professional who is eager to develop a career in M&A insurance underwriting.

You will work closely with senior underwriters, brokers, legal advisors and clients to deliver tailored insurance solutions, combining technical legal expertise with commercial awareness in a fast-paced international environment.

Role responsibilities

• Supporting senior underwriters in the analysis and underwriting of M&A insurance risks;

• Reviewing and analysing due diligence reports, primarily legal due diligence documentation;

• Conducting analysis of transaction documentation, including Share Purchase Agreements (SPA), Disclosure Letters, Management Agreements and other related documents;

• Participating in the negotiation and quotation of policy terms and conditions with brokers;

• Coordinating with external advisors, including leading law firms and specialist consultants;

• Supporting business development activities and contributing to client and broker relationship management;

• Assisting in the preparation of underwriting files, quotations and policy documentation;

• Monitoring and maintaining accurate records of underwriting data and documentation in internal systems;

• Supporting senior underwriters in day-to-day underwriting activities and portfolio management;

• Staying informed about market trends, industry developments and emerging risks within the M&A insurance market; and

• Ensuring compliance with internal underwriting guidelines and regulatory requirements.

Key requirements

• Law degree, complemented by a Master's degree, preferably in Access to the Legal Profession, Corporate Law, M&A or a related field;

• 2–3 years of professional experience in a Tier 1 or Tier 2 law firm, international law firm, or Big Four professional services firm;

• Experience advising on M&A transactions;

• Experience reviewing and analysing due diligence reports;

• Experience drafting, reviewing and negotiating commercial agreements and transaction documentation;

• Strong analytical skills with a rigorous and detail-oriented approach;

• Highly organized, proactive and self-motivated;

• Excellent communication and interpersonal skills, with the ability to work collaboratively in a dynamic and fast-paced environment;

• Strong interest in combining technical legal expertise with commercial and business development activities;

• Willingness to travel occasionally and flexibility to support international transactions and cross-border operations;

• Fluency in English & Spanish is essential, Portuguese would be highly desirable, and additional languages such as Italian or French would be considered an advantage.

About DUAL

Established in 1998, DUAL is a leading global MGA with more than 1,500 employees and total premium revenues of USD 3.5 billion. Our global network enables us to provide access to international expertise, knowledge, and developments, so that we can continuously improve our products and services. We work hard to understand our customers' needs to ensure they receive consistently excellent service from DUAL.

Our culture: People First

Our core values dictate how we live and work. We're a group with independence and people at its heart and we're a home for talent with a unique culture: the biggest small company in the world.

The focus on being a people-first business has always been at the very heart of the Group; our vision was to create an independent business with a unique culture and one that would survive and thrive as a business controlled by the people working for it. Finding the most talented and entrepreneurial people to join the Group has been and will continue to be key.

Diversity and Inclusion

At DUAL, we consider our people our chief competitive advantage and, as such, we treat colleagues, candidates, clients and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

What do we offer in return?

A career that you define. At Howden, we value diversity – there is no one Howden type. Instead, we’re looking for individuals who share the same values as us:

• Our successes have all come from someone brave enough to try something new

• We support each other in the small everyday moments and the bigger challenges

• We are determined to make a positive difference at work and beyond

Reasonable adjustments

We're committed to providing reasonable accommodations at Howden to ensure that our positions align well with your needs. Besides the usual adjustments such as software, IT, and office setups, we can also accommodate other changes such as flexible hours* or hybrid working*.

If you're excited by this role but have some doubts about whether it’s the right fit for you, send us your application – if your profile fits the role’s criteria, we will be in touch to assist in helping to get you set up with any reasonable adjustments you may require.

• Not all positions can accommodate changes to working hours or locations. Reach out to your Recruitment Partner if you want to know more.