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: Career development opportunities in a collaborative and dynamic environment.
- Other info: Fluency in Spanish is a plus; stay updated on market trends and develop new business opportunities.
- Why this job: Make an impact in the reinsurance industry while working with diverse international clients.
- Qualifications: 5+ years in reinsurance, preferably in Marine underwriting, with strong analytical and negotiation skills.
The predicted salary is between 50000 - 60000 £ 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 Slough employer: Mapfre Re
MAPFRE RE is an exceptional employer, offering a dynamic work culture in the heart of London that fosters professional growth and development. With a strong emphasis on collaboration and innovation, employees are encouraged to enhance their skills while contributing to the success of a leading global reinsurance provider. The company values its workforce, providing competitive benefits and opportunities to engage with diverse international clients and brokers.
