Underwriting Manager

Munich Re Specialty – North America is a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. 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.

• The Underwriting Manager leads the U.S. underwriting team, collaborating with the UK Managed Underwriting team to oversee delegated portfolios across multiple lines and perils.
• Key responsibilities include underwriting and portfolio management, people management, and coverholder relationship management for a substantial book of U.S. binding authority business.
• Ideal candidates are experienced underwriting managers with strong analytical, leadership, and relationship‑management capabilities.

• Partner with CUO and Head of Delegated Underwriting to execute underwriting strategy and plan.
• Manage underwriting results, utilizing MI and KPIs to analyze production, loss experience, exposure, rate adequacy, and pricing discipline.
• Underwrite individual account referrals, providing risk referral support and peer review.
• Refine underwriting guidelines, pricing models, and program performance metrics in collaboration with Binding Authorities Underwriting teams and Corporate Underwriting.
• Manage CAT budget allocations and economic analysis for portfolio segments, 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 stakeholders within Munich Re Specialty – North America.
• Collaborate with and actively participate on 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 travel schedules.
• Ensure coverholders adhere to underwriting standards, regulatory requirements, and program guidelines.
• 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 U.S.‑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, while maintaining close collaboration with the UK‑based Managed Underwriting team.

• 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 business.
• Surplus Lines experience required; knowledge of WSIA members preferred.
• Strong competency in insurance coverage forms—ISO required;
  Lloyd’s and manuscript forms would be beneficial.
• Experience reviewing and auditing underwriting files and managing staff who perform these functions.
• Computer proficiency in Outlook, Word, Excel;
  Power BI and PowerPoint experience preferred.
• Insurance designations (e.g., CPCU, AU, RPLU) are a plus.
• Familiarity with regulatory and licensing requirements is beneficial.
• Excellent verbal and written communication skills.
• Highly organized, independent, and able to manage multiple responsibilities with minimal supervision.
• Strong…