Underwriting Manager

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We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability.

Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

Future focused and always one step ahead! The Underwriting Manager is responsible for management of the US based underwriting team who, in conjunction with the rest of the Managed Underwriting team located in the UK, are responsible for the management and oversight of the delegated portfolio. This role incorporates underwriting and portfolio management, people management, and coverholder relationship management across a substantial book of US binding authority business comprising multiple lines and perils.

The ideal candidate is an experienced underwriting management level professional with strong analytical, leadership, and relationship-management capabilities.

• Work with the CUO and Head of Delegated Underwriting to support the US based team towards successful execution of our underwriting strategy and plan, in accordance with applicable underwriting authority levels, underwriting guidelines, internal directives, and client strategies.
• Manage and steer underwriting results for the applicable segments of the portfolio, utilizing MI and KPIs to critically analyze and evaluate the business - including review of production, loss experience, exposure, rate adequacy, and pricing discipline.
• Manage and underwrite individual account referrals where necessary, and provide risk referral support and peer review for the US-based team.
• Assess and refine underwriting guidelines, pricing models, and program performance metrics in collaboration and alignment with the rest of the Binding Authorities Underwriting teams and with Corporate Underwriting, where necessary.
• Manage CAT budget allocations and related economic analysis for the applicable segments of the portfolio, including premium projections and rate management against cost of capital.
• Review and approve contractual documentation and coverage forms.
• Stay current on external market trends and report internally to various stakeholders within Munich Re Specialty – North America.
• Collaborate with and actively participate on any cross-functional committees across Munich Re Specialty – North America.

• Manage coverholder oversight, including relationship management, operational reviews, audits, and due diligence.
• Conduct customer visits, marketing travel, and support team members in managing their travel schedules.
• Conduct policy and underwriting file reviews to ensure accuracy, consistency, and adherence to standards.
• Ensure coverholders adhere to underwriting standards, regulatory requirements, and program guidelines.
• Take a prominent role in developing and overseeing new and existing business relationships.

• Work closely with IT, Accounting, Claims, and other internal functions to resolve technical, operational, and system-related issues.
• Participate in the development and improvement of underwriting systems, processes, and tools and provide guidance and support to US-based underwriters in their implementation and use.
• Ensure compliance with regulatory, licensing, and internal governance requirements.

• Provide leadership and direction to the underwriting team, including recruitment, hiring, training, performance management, and professional development.
• Oversee staff performance and address personnel matters, including coaching, mentoring, and corrective action when necessary.
• Foster a high-performance, collaborative culture that emphasizes accountability and excellence, as well as ensuring close collaboration with the UK-based Managed Underwriting team and other UK-based functions.

• Extensive experience in Property/Casualty underwriting or underwriting management, preferably with an insurance carrier or wholesale broker.
• Strong background in Property, Personal Lines, and small Commercial Casualty…