Underwriter, Insurance

Introduction

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 specialists in offering expertise in underwriting, broking and capacity management for US Excess and Surplus (E&S) lines insurance solutions. The unique combination of broking and underwriting divisions provides the ability to quote and bind risks through inhouse binding authorities, while providing customers with access to Lloyd’s, London Market companies, and Munich Re owned capacity in Germany and the US.

We are a responsible employer, with a reputation for innovation and adding value in the insurance distribution chain. As a wholly owned subsidiary of Munich Re, we have access to the expertise, products, risk appetite and career development opportunities of one of the largest and most successful insurance groups in the world. As our business continues to grow, we are committed to expanding our team and provide development opportunities to ensure we are always supporting our people in their career journey.

Our talent pool makes us who we are, and our inclusive culture means we are looking to continue to build our team with broad expertise, diverse backgrounds, and ambitious employees. Being part of Bell & Clements provides access to multiple health and wellbeing benefits, work-life balance initiatives (including hybrid working), financial wellbeing packages as well as training, development and career opportunities.

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

• To work with the CUO and the rest of the Managed Underwriting team on the management of all aspects of the Munich Re Specialty – North America Binding Authorities delegated portfolio.
• To ensure successful execution of our underwriting strategy and plan, in accordance with applicable underwriting authority levels, underwriting guidelines, internal directives, and client strategies.
• Underwrite and monitor at contract and portfolio level as needed, utilizing MI and KPIs to critically analyse and evaluate the business - including review of production, loss experience, exposure, rate adequacy, and pricing discipline.
• Assist in the management of CAT budget allocation and prudent deployment of CAT aggregate.
• Conduct customer visits and travel for marketing purposes as may be needed to develop and oversee new and existing business relationships.
• Conduct policy and underwriting file reviews to ensure accuracy, consistency, and adherence to standards.
• Collaborate with Corporate Underwriting and participate on any cross-functional initiatives as needed, assisting with the production of reports as required.
• Assist in the development of innovative insurance solutions and products in addition to conventional covers in close co-operation with other business units.
• Work closely with IT, Accounting, Claims, and other internal functions to resolve technical, operational, and system-related issues.
• To embrace and actively implement the core principles of Continuous Conversations (Commitments, Feedback and Development) as part of daily activities and with other colleagues.
• Take ownership of and make personal and professional development a priority as part of Continuous Conversations.
• In line with Continuous Conversations, establish and achieve development aspirations and needs through the setting of commitments and giving and receiving frequent, constructive feedback (referring to…