Lead Binding Authority Underwriter

Munich Re; Greater London; On-site; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Private medical insurance

Employer pension

25 days annual leave

Family leave

Job summary

Munich Re Specialty North America - Binding Authorities is a Lloyd’s Broker authorised and regulated by the FCA. We specialise in providing US MGAs with access to Lloyd’s and global partners, and we offer a broad capability to quote and bind risks under in-house binding authorities.

We are seeking a senior underwriting professional to lead management of the Binding Authorities portfolio, oversee coverholders and client relationships, and collaborate across IT, Claims and Accounting to drive

Responsibilities

• Underwriting & Portfolio Management – work with the CUO and Managed Underwriting team to execute the underwriting strategy within authority levels and guidelines
• Manage and steer underwriting results using MI and KPIs, reviewing production, loss experience, exposure, rate adequacy, and pricing discipline
• Assess and refine underwriting guidelines, pricing models, and performance metrics in collaboration with Binding Authorities teams and Corporate Underwriting
• Manage CAT budget allocations and prudent deployment of CAT aggregates
• Support in the oversight of Underwriters and junior staff in the department, providing peer reviews as needed
• Coverholder & Client Management – oversee relationships, conduct audits and due diligence, conduct customer visits and marketing travel
• Policy and underwriting file reviews to ensure accuracy and adherence to standards
• Operational & Cross-Functional Collaboration – collaborate with Corporate Underwriting and cross-functional committees, produce reports
• Develop innovative insurance solutions in cooperation with other units
• Work with IT, Accounting, Claims and other functions to resolve issues
• Other Responsibilities – embody Continuous Conversations, set development commitments and provide constructive feedback
• Benefits – compensation package, target bonus, 25 days annual leave, private medical insurance and employer pension
• All candidates can request reasonable adjustments during the recruitment process

Job description

Munich Re Specialty North America - Binding Authorities is a Lloyd’s Broker authorised and regulated by the FCA. We specialise in providing US MGAs with access to Lloyd’s and global partners, and we offer a broad capability to quote and bind risks under in-house binding authorities.

We are seeking a senior underwriting professional to lead management of the Binding Authorities portfolio, oversee coverholders and client relationships, and collaborate across IT, Claims and Accounting to drive