Senior Fine Art & Specie Underwriter in London

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.

We are currently looking for a Senior Underwriter to be based in London on a full-time basis, reporting into the Group Head of Fine Art & Specie. This role is to deliver underwriting of quality business, in line with the business plan, to optimize return of profit, while maintaining the firm’s reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm.

Responsibilities:

• To underwrite Specie and Fine Art risks in accordance with the Business Plan;
• Assist in the underwriting of business via the Service Company network;
• To conduct and develop effective relationships, both with peers and brokers, with a view to writing new business and developing new products that falls within the Group appetite;
• Monitor the recording of data, aggregates, pricing and income flows and produce analysis and support where applicable;
• Assist in the production and review of the business plans;
• Assist in the quarterly reserving process;
• Report preparation for internal and external meetings;
• Undertake peer review in accordance with the peer review process.

Knowledge and Skills

• Specie and Fine Art underwriting class
• Underwriting Principles;
• Legal Principles;
• FCA and Lloyd’s rules and regulations including contract certainty issues;

It would also be advantageous if you offered some knowledge and understanding of:

• Cargo
• Financial Lines
• Contingency
• War and political risks
• Reinsurance

A University Degree and/or relevant professional qualification would be considered advantageous.

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.