Senior Underwriter

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 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 business relationships, conducting underwriting file reviews and detailed analysis of the underwriting results of delegated business.

• Work with the CUO and the rest of the Managed Underwriting team to ensure successful execution of our underwriting strategy and plan, in accordance with applicable underwriting authority levels, underwriting guidelines, internal directives, and client strategies.
• Manage and steer underwriting results for the applicable segments of the portfolio, utilizing MI and KPIs to critically analyse and evaluate the business - including review of production, loss experience, exposure, rate adequacy, and pricing discipline.
• Assess and refine underwriting guidelines, pricing models, and program performance metrics in collaboration and alignment with the rest of the Binding Authorities Underwriting teams and with Corporate Underwriting, where necessary.
• Manage CAT budget allocations and prudent deployment of CAT aggregate for the applicable segments of the portfolio.
• To support in the oversight of the activities of Underwriters and junior members of the Managed Underwriting department as required, as well as providing peer review where needed.

• Cover holder oversight - including 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 play a prominent role in developing and overseeing new and existing business relationships.
• Conduct policy and underwriting file reviews to ensure accuracy, consistency, and adherence to standards.

• Collaborate with Corporate Underwriting and actively participate on any cross-functional committees as needed, assisting with the production of reports as required.
• Develop 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,…