About us
At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to 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.
Position Overview
To carry out the function of a Head of UK Underwriting under the direction of the MRSI UK MD. This role will be responsible for leading and growing the lines of business within Munich Re Specialty, Global Markets UK as well as working with the MRSI MD and CUO Retail to expand into new product areas.
Global Markets UK has historically been a business focused on the marine space; however, the portfolio has diversified to cover five lines of business with further lines launching in 2025. The Head of UK Underwriting will manage the Line of Business heads and oversee the performance of the lines of business.
Key Responsibilities
* Managerial responsibilities for the underwriting division consisting of Specialty SME LoBs.
* Attend Munich Re Specialty- Global Markets underwriting strategy meetings, represent and promote UK based GSI4 regulated legal entities externally to customers, the industry and other organisations.
* Provide appropriate information to the CUO, Retail in relation to strategic development.
* Build and maintain strong internal relationships with Senior Management colleagues, Commercial and Technical functions, and centralised resources.
* Support and maintain underwriting activities and performance to achieve business objectives and targets.
* Ensure underwriting is conducted within the parameters of the SBF and in adherence to Underwriting strategy.
* Participate and attend the MRSI UK board meetings and Executive Committee where necessary and appropriate.
Knowledge and Skills
* Demonstrated ability in an executive leadership position.
* Exceptional Underwriting skills.
* Industry knowledge of the marine and specialty insurance markets.
* University Degree and/or relevant professional qualification relating to insurance underwriting or business administration.
* Dip CII / ACII preferred.
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!
Location
Whilst this opportunity is currently being advertised in London, we are open to considering this opportunity nationally across the UK, where the successful candidate will be tied to their closest MRS-GM regional office on a full-time basis.
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.
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