Head of Transportation (Underwriting)

Munich Re; Greater London; Hybrid; GBP 110,000 - 140,000; Full time

Benefits offered by this job

Annual leave 25 days

Private medical insurance

Hybrid/remote working

Flexible working hours

Professional qualification support

Family leave policy

Team events

Job summary

Munich Re Specialty North America seeks a senior Transportation Underwriting Leader to drive profitable growth across In-House and Delegated Authority portfolios. You will lead the Transportation team, shape strategy with the Head of Direct Underwriting and oversee client and broker relationships while expanding product capabilities.

The role emphasizes data governance, regulatory compliance, and the development of a strong, collaborative culture across Munich Re teams in a hybrid working

Qualifications

• Experience leading underwriting teams in a specialist lines function.
• Strong capability in data governance and compliance.
• Proven ability to develop and implement business plans.

Responsibilities

• Lead the day-to-day operations of the Transportation underwriting department.
• Develop and execute the annual business plan with the Head of Direct Underwriting.
• Maintain client and broker relationships and pursue new business.
• Drive data governance and regulatory compliance across the unit.

Job description

Munich Re Specialty North America is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd’s Broker. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world.

We are specialists in offering expertise in underwriting, broking and capacity management for US Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, London Market companies, and Munich Re owned capacity in Germany and the US.

Why join us?

We are a responsible employer, with a reputation for innovation and adding value in the insurance distribution chain. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products, risk appetite and career development opportunities of one of the largest and most successful insurance groups in the world. As our business continues to grow, we are committed to expanding our team and provide development opportunities to ensure we are always supporting our people in their career journey. Our talent pool makes us who we are, and our inclusive culture means we are looking to continue to build our team with broad expertise, diverse backgrounds, and ambitious employees. Being part of Bell & Clements provides access to multiple health and wellbeing benefits, work-life balance initiatives (including hybrid working), financial wellbeing packages as well as training, development and career opportunities.

Purpose of the Role:

• To provide day-to-day underwriting leadership of the Transportation department, driving the profitable underwriting, production and development of US Transportation business across both In-House and Delegated Authority portfolios.
• Working in close partnership with the Head of Direct Underwriting, the role is responsible for delivering profitable growth and implementing the strategic business plan for the Transportation department.

Duties & Responsibilities:

Leadership & People Management

• Provide overall leadership and management of the in-house Transportation underwriting department.
• Take responsibility for day-to-day staffing, mentorship and on-the-job training of the team.
• Foster a culture of cross-collaboration and synergy across Munich Re teams, departments and group companies.
• Embrace and actively implement the core principles of Continuous Conversations — including commitments, feedback and development — in day-to-day activities.
• Take ownership of personal and professional development by setting clear commitments and engaging in regular, constructive feedback in line with Continuous Conversations.

Underwriting & Business Development

• Oversee and continually seek to optimise the underwriting performance and processes of the Transportation department.
• Analyse underwriting data and statistics to identify trends and inform decision-making.
• In conjunction with the Head of Direct Underwriting, develop and deliver the annual business plan for the Transportation team.
• Maintain and develop existing client and broker relationships whilst proactively creating new business relationships.
• Implement and manage the department's annual travel programme, including office visits and conference attendance as required.
• Propose new wordings and clauses, or amendments to existing ones, to reflect evolving market conditions.
• Develop new coverages and products in line with market opportunities and strategic objectives.
• Drive forward and expand the digital capabilities of Transportation underwriting.
• Produce regular management and committee reports as required.

Data Governance

• Act as Deputy Data Owner, supporting the Lead Data Owner in the oversight and maintenance of the Data Asset Register.
• Assist in the implementation and ongoing oversight of Data Classification, and review data access rights and the use of data in respect of storage, transfer and retention.
• Work in conjunction with the Data Protection Officer on Data Access Requests and related matters.
• Approve access to data through file share and IT systems, and assist in the anonymisation of data where required.
• Ensure that appropriate controls are in place to manage data in line with Munich Re Specialty North America's policies and procedures.
• Support the Lead Data Owner within the applicable business unit(s) on data protection enquiries, and undertake specific Data Protection training (e.g. Data Classification) as required.
• Work collaboratively with the Lead Data Owner, Data Protection Officer, Chief Risk, Compliance and Legal Officer, and Compliance Officer to ensure ongoing regulatory and policy compliance.

Compliance

• Abide by all policies and procedures of Munich Re North America – Binding Authorities.

Benefits:

• This position is offered on a Permanent basis.
• Annual salary will be dependent on the skills and experience of the successful candidate.
• Annual leave - 25 days per year(plus bank holidays), increases with length of service.
• Health & Wellbeing – our offering includes private medical insurance for employees, their partners and their families, aDigital GP service andan annual allowance (currently £550) any activities which supports health and wellbeing.
• Hybrid and remote working – to support your work balance we have introduced hybrid working.
• Flexible working hours – the opportunity to flex your working hours.
• Professional Qualification Support –(discretionary)financial support covering the cost of professional qualifications, including institute membership, exams, study materials and completion bonuses.
• Generous gender-neutral family leave policy - employees with 26 weeks’ continuous service at the Expected Week of Childbirth are eligible to receive 26 weeks full pay.
• Team fun – warm and social culture with regular get togethers.

About us:

You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning

You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders

We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn

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.