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- Tasks: Underwrite property business and manage relationships with clients and brokers.
- Company: Join Munich Re Specialty, a leader in Primary Specialty Insurance.
- Benefits: Competitive salary, supportive culture, and opportunities for professional growth.
- Why this job: Make an impact in the insurance industry while developing your skills.
- Qualifications: Strong analytical skills and a passion for the insurance sector.
- Other info: Dynamic work environment with excellent career advancement potential.
The predicted salary is between 36000 - 60000 £ per year.
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. Please see our website for more information.
We are currently looking for a Property Underwriter (D&F) to work with us on a full-time basis in London, reporting into the Group Head of Property (D&F).
You will support the Group Head of D&F Property in the effective underwriting of the Property D&F book within Global Specialty Insurance and Munich Re Syndicate Limited (MRSL). Ensure the prudent underwriting of quality business in line with the business plan to facilitate maximum 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:
- Underwrite new and renewal Property business, exercising judgement in all underwriting matters, and remaining aware of own underwriting limits as set out in the Underwriting Authority sheet. All in accordance with Underwriting business plan; referring to your line manager, the Group Head or CUO when appropriate;
- Ensure the effective management of property business, including performance, EPI monitoring, referrals, bordereaux management, rate movement, claims trends, regular reviews, underwriter visits and audits;
- Service existing contracts and open market risks, and make amendments in line with the Syndicate's underwriting philosophy;
- Enter relevant risk information into S2000 and other appropriate systems, ensuring compliance and KYC requirements are in order;
- Conduct and develop effective relationships with insureds and brokers, to both strengthen existing trading relationships and secure new business that falls within the Underwriting business plan;
- Conduct, and develop effective relationships with colleagues in the property team and other teams, including claims, actuarial, underwriting management, exposure management, compliance and finance;
- Conduct and develop effective relationships within Lloyd's and the wider market, with peers and brokers, to keep abreast of market developments that may affect the Syndicate's trading effectiveness;
- Review slips and endorsements along with other placing information and literature, exercising own judgment to ensure the.
Property Underwriter in London employer: Munich Re
Contact Detail:
Munich Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Property Underwriter in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Munich Re. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for the interview by knowing your stuff! Brush up on property underwriting trends and be ready to discuss how you can contribute to the team. Show us you're not just a candidate, but the right fit for our culture.
✨Tip Number 3
Follow up after your interview! A quick thank-you email can leave a lasting impression. It shows you're keen and professional, which is exactly what we love to see.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at Munich Re.
We think you need these skills to ace Property Underwriter in London
Some tips for your application 🫡
Show Your Passion for Property Underwriting: When writing your application, let your enthusiasm for property underwriting shine through. We want to see that you’re not just looking for any job, but that you’re genuinely excited about the role and what it entails.
Tailor Your CV and Cover Letter: Make sure to customise your CV and cover letter for the Property Underwriter position. Highlight relevant experience and skills that align with the job description. We love seeing how your background fits with our needs!
Be Clear and Concise: Keep your application straightforward and to the point. We appreciate clarity, so avoid jargon and long-winded explanations. Make it easy for us to see why you’re a great fit for the role.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the Property Underwriter position. We can’t wait to hear from you!
How to prepare for a job interview at Munich Re
✨Know Your Underwriting Basics
Make sure you brush up on your underwriting principles and practices. Understand the key metrics and trends in property insurance, especially those relevant to D&F. This will not only help you answer technical questions but also show your genuine interest in the role.
✨Showcase Your Relationship-Building Skills
Since the role involves developing relationships with insureds and brokers, be prepared to discuss your past experiences in building and maintaining professional relationships. Think of specific examples where you successfully navigated challenges or secured new business.
✨Demonstrate Your Analytical Skills
Be ready to talk about how you analyse risk and make informed decisions. Prepare to discuss any tools or systems you've used in the past, like S2000, and how you ensure compliance with KYC requirements. This will highlight your attention to detail and analytical mindset.
✨Understand the Company Culture
Familiarise yourself with Munich Re Specialty's culture of being present, bold, and curious. Think about how you embody these values and be ready to share examples from your previous roles that demonstrate your alignment with their ethos.