Senior Delegated Property Underwriter – London

Munich Re Group; Greater London; On-site; GBP 70,000 - 120,000; Full time

Job summary

Munich Re Group is seeking a Senior Underwriter for Delegated Property based in London. The role focuses on prudent underwriting of Delegated Property business, maintaining compliance with regulatory obligations and supporting the Group Head of Delegated Property.

You will build relationships with Coverholders, Brokers, Lloyd’s, and market peers to secure new business, monitor performance, and contribute to strategic initiatives across teams.

Qualifications

• Knowledge of UK commercial property market, including small/medium enterprise commercial lines and property owners.
• Familiarity with FCA/PRA and Lloyd’s conduct rules and contract certainty issues.
• Understanding of Lloyd’s insurance market and underwriting principles.

Responsibilities

• Underwrite new and renewal Property binders within delegated authority.
• Manage property binders, monitor performance, rate movements, and risk trends.
• Develop relationships with Coverholders, Brokers, Lloyd’s and market peers.
• Review slips, endorsements, and risk placements to align with business plan.

Skills

UK commercial property knowledge

FCA/PRA & Lloyd’s rules

Lloyd’s market understanding

Underwriting principles

S2000/KYC systems

Tools

S2000

Job description

Munich Re Group is seeking a Senior Underwriter for Delegated Property based in London. The role focuses on prudent underwriting of Delegated Property business, maintaining compliance with regulatory obligations and supporting the Group Head of Delegated Property.

You will build relationships with Coverholders, Brokers, Lloyd’s, and market peers to secure new business, monitor performance, and contribute to strategic initiatives across teams.