Senior Underwriter, Aviation Direct

Munich Re; London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading company in aviation insurance is seeking a motivated Senior Underwriter for their Airline segment. This role involves ensuring high-quality underwriting, managing key accounts, and developing client relationships in a dynamic environment. Candidates should hold a relevant degree and have substantial experience in aviation underwriting.

Qualifications

• Several years’ underwriting experience in aviation.
• Deep knowledge of the aviation industry.
• Strong collaborative, team-oriented working approach.

Responsibilities

• Ensure excellent underwriting, risk assessment, and quality of pricing.
• Develop and maintain client and broker relationships.
• Observe market trends and assess their impact.

Skills

Negotiating skills

Client relationship management

Risk assessment

Education

University degree or professional insurance qualifications

Job description

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinnedby an effective and adaptablestrategy,superior products and industry leaders working in a supportive environmentto achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Global Specialty Insurance (GSI) is Munich Re´s dedicated entity for all primary Specialty Insurance lines. Within GSI, Aviation Direct is responsible for primary insurance and facultative reinsurance with a global mandate for direct aviation business (our clients are airlines, aircraft manufacturers, and leasing companies). Aviation Direct de facto acts as an insurance company in a challenging and specialized niche market. To add to our team of recognized experts, we are currently looking for an encouraged and motivated Senior Underwriter for our growing Airline segment. The range of activities in this position is varied and encompasses underwriting as well as managing our client and broker relationships.

Responsibilities:

• Ensuring excellent underwriting, risk assessment, and the quality of pricing and wording for our worldwide airline business
• Key account management for important airline clients
• Actively developing and maintaining client and broker relationships
• Observing market, industry, and technology trends and assessing the impact of them on our underwriting and pricing methods; this includes making the team aware of these trends and developments
• Challenging and executing the agreed airline underwriting strategy to ensure the segment can be underwritten profitably
• Enabling the airline underwriting team to self-organize
• Showing outstanding commitment to the airline portfolio and taking responsibility for it
• Exploiting new business, recognizing client needs, actively collaborating on new solutions, and utilizing cross selling potential other Munich Re units

Knowledge and Skills

• University degree or professional insurance qualifications
• Several years’ underwriting experience in aviation
• Deep knowledge of the aviation industry, especially the airline market and clients
• Strong negotiating skills and proven track record in managing client relationships
• Genuinely collaborative, team-oriented working approach
• Willingness to take responsibility and make decisions
• Fluent business English
• Willingness to travel

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!

Diversity, Equity & Inclusion

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.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.