Underwriter Nuclear Risks; m​/f​/d

Go beyond and create global impact:
At Munich Re, we're proud to be one of the world's leading providers of reinsurance, primary insurance, and insurance-related risk solutions. Our group is made up of the reinsurance and ERGO business segments, along with our asset management company, MEAG. We operate globally and are active in all lines of the insurance business.

Since our founding in 1880, we've built a reputation for unrivalled risk-related expertise and a solid financial foundation. We use our strengths to support our clients' business goals and drive technological progress. We're also at the forefront of developing coverage for emerging risks, from rocket launches and renewable energy to cyber threats and artificial intelligence.

With around 44,000 people worldwide, our group's corporate culture is defined by performance, mutual respect, and trust. All this makes us an attractive employer providing global career development opportunities and prospects.

In Munich Re's F&C Energy & Construction department the Power & Utilities Team is the access point for corporate clients with power generation, storage and/or transmission assets. We provide first party coverage for operation and construction of all relevant occupancies within the Power & Utility industry, be that conventional, nuclear or renewable energy. We offer a unique selling proposition of combining comprehensive insurance cover and risk management consultancy for this industry.

Apart from underwriting we also act as a centre of expertise: we are the preferred in-house contact with respect to power generation for internal requests and demands. As part of that role we also act as a Center of Competence for all questions relating to nuclear technologies.

The Center of Competence for nuclear business sits within the Power & Utilities Team and is a leading provider of large engineering project/operational insurance capacity (direct and facultative) for the nuclear power industry and leverages this expertise to grow into new nuclear technologies (e.g. SMR, Fusion).

We are looking for an underwriter focusing on nuclear power generation for our Center of Competence. This market facing position will be challenging on a technical, intercultural and personal level but also offers a unique opportunity in a growing, highly specialized and fascinating field of business.

• Underwrite nuclear construction and operational risks in accordance with our strategy on a world-wide basis within your designated underwriting authority
• Develop, maintain, and expand client and broker relationships and contribute to the development of our portfolio by acquiring profitable new business
• Perform risk assessment including pricing, wording analysis, accumulation management and acceptance of EAR and operational risks
• Negotiate coverage terms & conditions with brokers and policyholders whilst assuring compliance with group-wide guidelines and seek internal approvals for final signing
• Conduct surveys on constructions sites and operational nuclear sites worldwide and write progress / risk engineering reports
• Consult internal stakeholders with regards to technology or exclusions e.g. radioactive exposures and exclusions
• Keep up to date with technological, market and legal developments concerning our risks and the line of business
• Assist in portfolio analysis and compiling statistics and reports

• University degree in engineering, physics or applied science-related discipline
• Preferably professional experience as an underwriter in direct and/or facultative insurance or practical experience
• High agency and ownership mindset striving to retain and grow a profitable book of business
• Ability to build sustainable relationships with clients and brokers
• Strongly…