Senior Credit Risk Underwriter

4 weeks ago


United Kingdom Munich Re Full time

Senior Liability Underwriter (Marine, Energy & Marine Property)
We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.
As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Hong Kong, Singapore, Labuan and Dubai. Our group of companies provide solutions covering Casualty, Marine & Cargo, Energy & Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Senior Liability Underwriter (Marine, Energy & Marine Property)
We are looking to employ a Senior Liability Underwriter to work for Munich Re Syndicate Ltd and cover Marine, Energy & Marine Property classes of business, be based in London and to work with us on a full time basis.
Underwrite liability risks, exercising judgement in all underwriting matters, and remain aware of own underwriting limits as set out on the Underwriting Authority sheet, all in accordance with Underwriting business plan;
Conduct and develop effective relationships within Lloyd’s, both with peers and with Brokers, with a view to securing new business that falls within the Munich Re Syndicate Ltd portfolio, specifically liability risks.
Supervise the underwriting assistant in monitoring of income flows (late premiums/adjustments etc);
Monitor recording of risk entry and amend where appropriate;
Review daily claims report;
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.
Advanced (Level 3) knowledge and understanding of:
Legal Principles;
PRA and Lloyd’s rules and regulations including contract certainty issues;
At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more
Diversity & Inclusion
Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.
Working together, we are an employer of choice by building the workforce for today and the future.



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