Careers

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 Casualty Underwriter

The prudent underwriting of quality business in line with the business plan to facilitate maximum return of profit while maintaining the firm’s reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm. Supporting both Dan Rouse and James Cassidy with the preparation of binders and open market business with a specific focus in supporting the growth of our delegated business.

Responsibilities:

• Underwrite International Casualty risks, both in open market and on the delegated side 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;
• Conduct and develop effective relationships within Lloyd’s, both with peers and with Brokers, with a view to securing new business that falls within the Munich Re Syndicate Ltd portfolio, specifically International Casualty risks.
• Provide Analytical Support as follows:
• S2000 – risk entry report production using MS Excel; Use of S2000 Adhoc reporting feature.
• Supervise and being involved in the day to day underwriting assistant role as well as monitoring of income flows (late premiums/adjustments etc);
• Being capable to review slips and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority.
• Make written records of all conversations with customers, both internal and external, in accordance with the firm’s procedures manual.
• Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals.
• Review and administer existing contracts and make amendments in line with the firm’s underwriting philosophy;
• Monitor recording of risk entry and amend where appropriate;
• Ensure that Peer Review Group see appropriate information and respond to PRG queries relating to the International Casualty Account;
• Review daily claims report;
• Being able to draft and complete underwriting notes;
• Be aware of and take ownership of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner. In this context risk is the potential for loss or failure to meet business objectives as a consequence of internal or external events.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
• Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

Knowledge and Skills

• University Degree and/or relevant professional qualification
• Sound knowledge and understanding of:
  • Underwriting Principles;
  • Legal Principles;
  • PRA and Lloyd’s rules and regulations including contract certainty issues;

• All company specific procedures that relate to own role and role of those employees that you are supervising;
  • International Casualty cover
  • Knowledge and understanding of the following lines:
  • Energy
  • Marine Property
  • Excess of Loss
  • War and political risks
  • Specie
  • Hull
  • Treaty
  • Other Incidental Casualty classes such as PI, Recall, EIL

• Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm;
• Developed market awareness.
• Advanced level skills in Excel, Word, and other software necessary for the day to day business controls

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 (opens in new window) – choose your impact!

#BePresent #BeBold #BeCurious

Apply Now