At a Glance
- Tasks: Underwrite and manage Marine & Energy treaty reinsurance portfolios while analysing submissions and negotiating terms.
- Company: Join Mapfre Re, a leading global reinsurer with a strong international presence.
- Benefits: Collaborative environment with career development opportunities in underwriting.
- Other info: Fluency in Spanish is a plus; work closely with international brokers and clients.
- Why this job: Make an impact in a diverse portfolio and develop your expertise in a global setting.
- Qualifications: 5+ years in reinsurance, preferably in Marine underwriting, with strong analytical and negotiation skills.
The predicted salary is between 60000 - 80000 £ per year.
In Mapfre Re, the reinsurance company of Mapfre Group, we are looking for a Marine & Energy Treaty Reinsurance Underwriter to join our London office. This role offers the opportunity to work across a diverse and international portfolio, contributing to the profitable growth of the business while actively participating in portfolio management, underwriting strategy, and market development. The position suits candidates with experience in reinsurance or broking within Marine lines, looking to further develop their technical and commercial underwriting expertise in a global environment.
Key Responsibilities
- Underwrite and manage a portfolio of Marine & Energy treaty reinsurance business (including proportional and non-proportional structures).
- Analyse submissions, assess exposures, and determine appropriate pricing, capacity, and terms & conditions.
- Negotiate treaty terms, conditions and wordings with cedents and brokers.
- Contribute to the definition and execution of underwriting and portfolio strategies.
- Monitor portfolio performance and propose corrective actions where needed.
- Identify and develop new business opportunities across international markets.
- Build and maintain strong relationships with brokers and clients.
- Stay up to date with market trends in Marine & Energy lines.
Requirements
- Around 5+ years of experience in reinsurance, ideally in Marine underwriting or related role.
- Experience in Marine & Energy lines (Cargo, Hull, Liability, Energy).
- Demonstrate an ability to work closely with head office.
- Background in reinsurance underwriting or broking will be considered.
- Understanding of treaty structures (proportional and/or excess of loss).
- Strong analytical, negotiation, and communication skills.
- Experience working with brokers and/or clients in international market.
- Fluent in Spanish is a plus.
What we offer
- Opportunity to join a leading global reinsurer with strong international presence.
- International and collaborative environment.
- Career development within underwriting.
Marine & Energy Treaty Reinsurance Underwriter in London employer: Mapfre Re
At Mapfre Re, we pride ourselves on being an exceptional employer, offering a dynamic and collaborative work environment in our London office. As a Marine & Energy Treaty Reinsurance Underwriter, you will have the chance to engage with a diverse international portfolio while benefiting from robust career development opportunities and a strong focus on employee growth. Join us to be part of a leading global reinsurer that values innovation and fosters meaningful relationships within the industry.
