Company
Munich Re Specialty - Global Markets
Location
London , United Kingdom
About us


At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.


At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.


Please see our website for more information.


International Property Underwriter (Delegated)


We are currently looking for a Property Underwriter to be based in London on a full-time basis, reporting into the Group Head of DA Property.


You to ensure the prudent underwriting of quality Delegated Property business in line with business plan to facilitate maximum return of profit while maintaining the company’s reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the company.


Responsibilities:

• Underwrite new and renewal Property binders, exercising judgement in all underwriting matters, and remain aware of own underwriting limits as set out on the Underwriting Authority sheet, all in accordance with Underwriting business plan; referring to Group Head of Delegated Property when appropriate.
• Ensure the effective management of property binders, including performance, EPI monitoring, referrals, bordereaux management, rate movement, claims trends, regular reviews, underwriter visits and audits; referring to Group Head of Delegated Property when appropriate.
• Service existing binder contracts and make amendments in line with the syndicate’s underwriting philosophy.
• Conduct and develop effective relationships with Coverholders and Brokers, to both strengthen existing trading relationships and secure new business that falls within the Underwriting business plan.
• Review rate structures, underwriting guides, policy wordings and supporting documentation, exercising own judgement to ensure they are appropriate for the portfolio of business;
• Provide supporting data and reports for team meetings, internal and external meetings, and business plans as and when required.

Knowledge and Skills


Advanced knowledge and understanding of:


International Commercial property business, including liability associated with commercial property business;

• • International Homeowners and High Value Home business;
  • FCA / PRA and Lloyd’s rules and regulations including conduct risk and contract certainty issues
  • Lloyd’s insurance market
• Underwriting Principles;
• Legal Principles

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!


Diversity, Equity & Inclusion


At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.


All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.


Learning and innovating today, striving for sustainable societies and business tomorrow


At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.


Learn more about sustainability at Munich Re – choose your impact!


Benefits

• 25 days Annual Leave + bank holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support
• Hybrid Working + IT Home Set-up Support

#Be Present #Be Bold #Be Curious