Senior Underwriter in Leeds

Munich Re Specialty North America is a leading expert in understanding and connecting US coverholders and brokers to flexible and innovative insurance solutions. We are also a registered Lloyd’s Broker. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products and risk appetite of one of the largest and most successful insurance groups in the world.

We are a responsible employer, with a reputation for innovation and adding value in the insurance distribution chain. As our business continues to grow, we are committed to expanding our team and providing development opportunities to support our people in their career journey. Our inclusive culture means we are looking to grow our team with broad expertise, diverse backgrounds and ambitious employees. Being part of Bell & Clements provides access to health and wellbeing benefits, hybrid work, financial wellbeing packages, and training, development and career opportunities.

Purpose of the Position

To assume a prominent role in all aspects of the management of the Munich Re Specialty – North America Binding Authorities portfolio. This includes profitable underwriting of delegated business, coverholder oversight, management of Nat Cat budget allocation, Cat aggregate deployment, development and evaluation of new business relationships, underwriting file reviews and detailed analysis of delegated business results.

Duties and Responsibilities

• Underwriting & Portfolio Management: Work with the CUO and the Managed Underwriting team to ensure successful execution of our underwriting strategy and plan, in accordance with applicable underwriting authority levels, guidelines, internal directives and client strategies. Manage and steer underwriting results for the applicable segments of the portfolio, utilising MI and KPIs to critically analyse and evaluate the business – including production, loss experience, exposure, rate adequacy and pricing discipline. Assess and refine underwriting guidelines, pricing models and program performance metrics in collaboration with the Binding Authorities Underwriting teams and Corporate Underwriting. Manage CAT budget allocations and prudent deployment of CAT aggregate for applicable portfolio segments. Support oversight of the activities of Underwriters and junior members of the Managed Underwriting department, providing peer review where needed.
• Coverholder & Client Management: Coverholder oversight – relationship management, operational reviews, audits and due diligence to ensure accuracy, consistency and adherence to standards. Conduct customer visits and travel for marketing purposes to develop and oversee new and existing business relationships. Conduct policy and underwriting file reviews to ensure accuracy, consistency and adherence to standards.
• Operational & Cross‑Functional Collaboration: Collaborate with Corporate Underwriting and participate in cross‑functional committees, assisting with report production as required. Develop innovative insurance solutions and products in close cooperation with other business units. Work closely with IT, Accounting, Claims and other internal functions to resolve technical, operational and system‑related issues. Embrace and implement the core principles of Continuous Conversations (Commitments, Feedback and Development) as part of daily activities and with colleagues. Take ownership of personal and professional development, setting commitments and giving and receiving frequent, constructive feedback.

Benefits

This position is offered on a permanent basis. Annual salary will be dependent on the skills and experience of the successful candidate. Annual leave – 25 days per year (plus bank holidays), increasing with length of service. Health & Wellbeing – private medical insurance for employees, partners and families, a Digital GP service and an annual allowance for activities that support health and wellbeing. Hybrid and remote working – support to work from home up to a maximum of three days per week. Flexible working hours – opportunity to flex your working hours. Professional Qualification Support – discretionary financial support covering the cost of professional qualifications, including institute membership, exams, study materials and completion bonuses. Generous gender‑neutral family leave policy – employees with 26 weeks’ continuous service at the expected week of childbirth are eligible for 26 weeks full pay. Team fun – warm and social culture with regular get‑togethers.

About Us

We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning. We are empathetic, lead and let others lead, and attract, grow and coach future leaders. We communicate in a clear and authentic way, solicit feedback, listen, learn and unlearn. We embrace new ways of working using digitalisation to deliver solutions. We have a passion for winning and growing as a team, inspiring people to be capable of joint performance. We value and encourage diverse thoughts, generations, cultures and experiences. We embrace the power of differences at the core of who we are. We believe diversity fosters resilience and innovation, and we are committed to building an equitable and inclusive workplace that celebrates and values all background.

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. 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.