Senior Underwriter

TN United Kingdom; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a talented Underwriter to manage a substantial portfolio of US Binding Authority business. This role involves critical analysis of exposure and claims data, as well as developing innovative insurance solutions. You'll collaborate with various business units, produce reports for key committees, and oversee other underwriters. With a focus on continuous development and a commitment to diversity, this position offers a supportive environment for professional growth. Join a dynamic team that values inclusivity and innovation in the insurance sector.

Benefits

25 days annual leave

Private medical insurance

Digital GP

Health & wellbeing allowance

Flexible hours

Gender-neutral family leave

Professional qualification support

Qualifications

• Proven experience in underwriting facultative or delegated US property insurance.
• Strong analytical skills with previous analytical role experience.

Responsibilities

• Underwrite B&C Managed Underwriting business according to guidelines.
• Critically analyze exposure, premium, and claims data for portfolio performance.
• Develop and oversee new and existing business relationships.

Skills

Underwriting US property insurance

Commercial Property experience

Strong communication skills

Client relationship management

Analytical mindset

RMS modeling experience

Knowledge of insurance terminology

Tools

RMS Risklink

AIR Touchstone

Job description

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Role Overview

To assume a prominent role in all aspects of the management of the B&C Managed Underwriting department. This includes shared oversight of a substantial portfolio of US Binding Authority business comprising multiple lines of business and catastrophic perils, management of budget and prudent deployment of Nat Cat aggregate, development of new and existing business relationships, conducting regular underwriting reviews, and detailed analysis and internal reporting on the underwriting results of managed business.

Responsibilities

• Underwrite B&C Managed Underwriting business in accordance with applicable authority, guidelines, directives, targets, and client strategies.
• Critically analyze exposure, premium, and claims data to evaluate and optimize portfolio performance.
• Participate actively in developing and executing B&C’s strategic initiatives.
• Develop and oversee new and existing business relationships.
• Create innovative insurance solutions and products in collaboration with other business units.
• Produce reports for committees such as the B&C Underwriting Committee and Quarterly Business Reviews.
• Oversee activities of other Underwriters as needed.
• Assist in Nat Cat budget allocation and scenario aggregate deployment.
• Implement and promote the principles of Continuous Conversations—Commitments, Feedback, and Development—in daily activities.
• Prioritize personal and professional development, setting commitments and engaging in constructive feedback.

Key Skills and Experience

• Proven experience underwriting facultative or delegated US property insurance.
• Experience in Commercial Property preferred.
• Strong communication skills and experience maintaining client relationships; liaising with Coverholders is desirable.
• Team player with the ability to coordinate multiple stakeholders.
• Self-starter capable of making real-time decisions.
• Analytical mindset with previous analytical role experience.
• Understanding of insurance terminology, coverages, and metrics.
• Experience evaluating exposure data; RMS modeling experience is a plus.
• Knowledge of RMS Risklink/AIR Touchstone is desirable.

This position is offered on a Permanent basis. Salary depends on experience. Benefits include 25 days annual leave, private medical insurance, Digital GP, health & wellbeing allowance, hybrid/remote working, flexible hours, gender-neutral family leave, professional qualification support, and a social culture.

At Munich Re, we value diversity and are committed to creating an inclusive environment where everyone can thrive. We encourage candidates from all backgrounds to apply, even if their experience does not align perfectly with every requirement.