Senior Underwriter - Secondment

Job d:

Location:

London, England, United Kingdom Category:
Claims & Underwriting Company:
Munich Re Together, we engage with everything we have and are, to help humankind act braver and better.

About Facultative & Corporate:

Munich Re’s large, international network of experts places us in a strong position to develop solutions for highly complex risks. The sectors we serve and the solutions we offer are diverse, but they all share one thing in common: the substantial financial foundation of Munich Re. The industrial insurance arm of Munich Re Group, which means our clients are multinational corporations.

We write both traditional and non-traditional insurances through 6 lines of business; namely, Property, Energy, Casualty, Engineering, Cyber and what we term Special Enterprise Risks. We overlay these underwriting activities with support from our Client Management and Claims & Operations units.

Our clients are complex, diverse, and domiciled across the world. Therefore, we also need to be global, and we do this by positioning staff in strategic markets and locations as well as travelling to meet clients. Close contacts are very important.

About the role:

We – GC/NA4.2.91 located in London and responsible for property business via London brokers, targeting the US, Caribbean, Australia, NZ, and Latam – are looking for an experienced, engaged and motivated underwriter to strengthen our team.

You will work in the London office and write large and complex risks across all general property industry segments, with particular focus on the existing and upcoming facultative facilities and Nat Cat exposure.

This is an INTERNAL ROLE only, which would either be a rotation (2+2) or with a view to a permanent role.

Key Responsibilities:

Underwriting, e.g. assessment and pricing of risks and exposures, analysis of policy wordings and R/I certificates etc., of complex property risks in line with given authorities and guidelines

Optimizing, developing and maintaining a profitable portfolio including consideration of accumulation on a per risk and portfolio basis

Establishing, expanding and maintaining client and broker business relationships including client/broker visits

Contributing to the development of underwriting and portfolio strategies including proactive implementation

Working on market, industry and portfolio analyses

Identifying new trends for specific industries and client needs, providing ideas to generate new business opportunities and products

Participating in and driving initiatives, working groups and projects

Ensuring a collaborative, transparent and productive cooperation with relevant interfaces and stakeholders throughout all divisions and regions

Competencies:

Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement. Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.

Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction. Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.

Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.

Courage (we care and dare) – you are willing to…