Liability Underwriter - North America

Munich Re Group; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Private medical insurance

25 days annual leave

Employer's pension 10%

Fully paid 6 months family leave

Job summary

Munich Re Group in London is seeking an experienced underwriter to focus on High-Excess US liability programs, building strong broker and client relationships. The role involves analysing coverage, negotiating terms, and guiding complex policy wording for large industrial clients.

You will travel as needed, engage in client meetings, and collaborate with cross-functional teams within F&C and beyond to deliver bespoke solutions.

Qualifications

• University degree in business studies, engineering, or equivalent.
• CII qualification desirable.
• Fluent command of spoken and written English.

Responsibilities

• Underwrite predominantly US industrial liability programs with focus on large, multinational clients.
• Analyse, evaluate, and negotiate coverage, wording, and endorsements.
• Manage risks and assist with claims handling where required.
• Identify needs of existing and potential clients and build relationships.
• Attend client meetings and travel as needed.
• Collaborate with internal teams and cross-sell within Munich Re.

Skills

Underwriting

US liability

Negotiation

Client relations

English fluency

Education

University degree

CII qualification desirable

Job description

Application closing date : 16th Oct, 2026

Together, we engage with everything we have and are, to help humankind act braver and better.

About Facultative & Corporate:

In F&C we offer individual risk transfer solutions to large industrial enterprises through our business units Property, Energy, Casualty, Engineering and Special Enterprise Risks. F&C-Casualty has the global mandate to underwrite Liability and Specialty Lines business and to provide bespoke and complex insurance solutions.

Application closing date : 16th Oct, 2026

Together, we engage with everything we have and are, to help humankind act braver and better.

About Facultative & Corporate:

In F&C we offer individual risk transfer solutions to large industrial enterprises through our business units Property, Energy, Casualty, Engineering and Special Enterprise Risks. F&C-Casualty has the global mandate to underwrite Liability and Specialty Lines business and to provide bespoke and complex insurance solutions.

For the Liability Team North America we are looking for experienced well qualified Underwriters to write High-Excess Liability business. The focus is on heavy industries, energy business and construction.

About the role:

This role reports into the Liability Manager. It involves daily contact with brokers and direct contact with clients, as well as internal liaison with other units within Munich Re.

This is a hybrid role based in our London office, with 2-3 days per week in the office collaborating with the team.

Key Responsibilities:

• Underwriting predominantly US industrial liability programs (focusing on general liability/product liability for large, multinational industrial clients - Fortune 5000) within delegated authority; other markets beyond the US may also be in scope
• Analysing, evaluating, and negotiating coverage, wording, and endorsement concepts
• Managing and monitoring the risks assumed, and assisting with claims handling where required
• Identifying and analysing the needs of existing and potential clients
• Attending client meetings, including travel when needed
• Further developing, maintaining, and expanding client and broker relationships in line with agreed strategy
• Collaborating in working groups and at events (including training and lecturing)
• Utilising collaboration and cross-selling opportunities within F&C

Key Skills & Experience:

• University degree, ideally in business studies, engineering, or an equivalent qualification; CII qualification desirable
• Experience writing US industrial liability insurance, or industrial liability business with heavy US exposure (direct or facultative); experience underwriting Construction and/or Energy is a plus
• Detailed understanding of policy wordings
• Analytical and strategic thinking
• Fluent command of spoken and written English
• Well-developed intercultural and conflict-resolution skills
• Confident, engaging manner with excellent negotiating and sales skills
• Strong team spirit and a commitment to knowledge-sharing, with the ability to blend into diverse teams
• Open-minded, solution-oriented, and willing to go the extra mile
• Willingness to travel

Drives results (we think big):

You consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.

Business insight (we think big):

You can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.

Collaboration (we lead the 'we'):

You identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.

Client focus (we grow with our clients):

You build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.

Cultivates innovation (we grow with our clients):

You create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.

Courage (we care and dare):

You are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.

Persuades (we are clear and authentic):

You use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.

Thought Leaders:

You are seen as an expert in your field and will be the 'go to' person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.

You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.

You will treat your colleagues and sales and business partners fairly and with respect.

Regulatory & Conduct Requirements:

• Ensure compliance with Insurance Distribution Directive
• Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules

Benefits:

You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%. We are one of the few employers to offer fully paid 6months family leave for times when you need it the most.

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

You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions

We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. 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.

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!

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.