International Graduate Trainee - focus on law/legal studies (m/f/d)*

Munich Re; München; On-site; EUR 40,000 - 50,000; Full time

Job summary

Munich Re is offering an International Graduate Trainee Programme in Munich, Germany, providing graduates with a comprehensive introduction to the reinsurance industry. The 24-month program includes international assignments, legal support for insurance contracts, and comprehensive training in underwriting.

Ideal candidates will have a law degree, initial work experience, and strong analytical and communication skills in both English and German. This role provides opportunities for personal and professional development in a dynamic environment.

Qualifications

• Initial work experience (internships or up to two years of work experience in law or finance).
• Experience abroad (studies or internship/work experience).

Responsibilities

• Draft and negotiate (re)insurance contracts.
• Provide legal support for risk transfer agreements.
• Undertake comprehensive underwriting of treaty business.
• Participate in an international assignment.

Skills

Analytical skills

Interpersonal and communication skills

Strong written and verbal communication in English and German

Curious and creative mindset

Education

Legal state examination or law degree (LLB, LLM)

Job description

Our International Graduate Trainee Programme offers you exciting insights and a thorough introduction to the diverse activities of a leading global reinsurer. This provides you with the exceptional opportunity to advance your expertise and drive your personal development.

Over a period of 24 months, including an international assignment, you will receive in-depth training in underwriting as well as in professional, methodological and social skills. This will prepare you to assume responsibility at Munich Re worldwide. We are looking for eager graduates who seek to actively shape the future of our business together with us. If you enjoy embracing innovation in a very dynamic and challenging environment, we are looking forward to your application.

Your Job

• Drafting and negotiating (re)insurance contracts with clients, analyzing and assessing legal trends in the field of property and casualty reinsurance for facultative or treaty clients
• Legal support (drafting/negotiating) for all kinds of documentation in connection with Alternative Risk Transfer (ART) and Insurance Linked Securities (ILS) transactions, e.g. indemnity, parametric or derivative risk transfer agreements, capital markets documentation for catastrophe bonds and sidecars, banking and collateral documentation, group internal and external retrocession, as well as advising on general legal and regulatory questions in this context
• Comprehensive underwriting of (casualty) treaty business, including risk assessment, pricing, wording with exposure to the full underwriting value chain
• Experience the opportunities and insights offered by one of the world's leading risk managers
• Participate in an international assignment of 12 weeks to broaden your intercultural experience
• Acquire profound knowledge of our business as well as further developing your soft skills in our distinguished global learning programme
• Take the opportunity to quickly build a broad network of industry experts within Munich Re worldwide

Your Profile

• Legal state examination or law degree (LLB, LLM)
• Initial work experience (e.g. internships or up to two years of work experience after graduation), in the insurance and/or financial services industry, at a law firm or in an in‑house legal department
• Strong analytical skills
• At least three months experience abroad (studies or internship/work experience abroad)
• Strong interpersonal and communication skills and willingness to learn
• Strong written and verbal communication in English and German required, additional languages are an advantage
• Curious and creative mindset

Equal Opportunities

Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.