Property Underwriter

1 week ago

London, United Kingdom Munich Re Syndicate Ltd Full time

**Property Underwriter **(M/F/d)****:
Here at Munich Re Syndicate we are passionate about our people and the services we provide to our clients

Are you an experienced and hardworking Property Underwriter committed to exceeding client expectations and looking for your next step with an outstanding Insurance brand?

If so, this may be just the opportunity for you

The job is a front line role with daily broker contact and direct contact with clients, as well as internal liaison with other units within Munich Re.

**Location**
London, United Kingdom

As an expert in your field, you will ensure the prudent underwriting of quality Property business in line with 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.

Given the range of work the team carries out, we operate in a flexible, collaborative way and are dedicated to crafting an encouraging environment so that people are inspired to develop.

Your job

Underwrite new and renewal Property binders, 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; referring to Property Underwriting Manager when appropriate;
Ensure the effective management of property binders, including performance, EPI monitoring, referrals, bordereaux management, rate movement, claims trends, regular reviews, underwriter visits and audits; referring to Property Underwriting Manager when appropriate;
Underwrite new and renewal Property 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; referring to Property Underwriting Manager when appropriate;
Service existing binder 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 Coverholders 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, binder management, 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 account remains within the Underwriting business plan;
Review rate structures, underwriting guides, policy wordings and supporting documentation, exercising own judgement to ensure they are appropriate for the portfolio of business;
Monitor on a weekly basis the written and signed premium income of the Property account;
Monitor on an ongoing basis country aggregates to ensure that acceptances are within agreed limits;
Prepare and review information for reinsurers as and when required;
Provide supporting data and reports for team meetings, internal and external meetings, and business plans as and when required;
Attend and contribute to regular and ad-hoc Property team meetings, meetings with colleagues within MRSL, and meetings with Coverholders, brokers, suppliers and other entities.

Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals;
Monitor renewal reports and chase outstanding renewal business;
Be aware of and take ownership of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner. In this context risk is the potential for loss or failure to meet business objectives as a consequence of internal or external events.

Provide support to manager on team and MRSL critical initiatives.

Provide underwriting assistance on other classes of business, as and when required;
Help drive forward good conduct for the business to deliver the best outcomes for customers / policyholders.

Understand all appropriate lines of escalation and the responsibilities of the Product Conduct Risk Strategy Group (PCRSG), Underwriting & Claims Sub Committee (UCSC), ExCo and Board for Conduct Risk.

**Profile**:
You are required to comply with the PRA and FCA conduct rules:

- Acting with honesty and integrity at all times
- Acting at all times with due care, skill and diligence
- Being open and honest with the FCA, the

  • Property Underwriter

    15 hours ago

    London, United Kingdom IPS Group Full time

    Market leading syndicate are seeking a property underwriter to join a experienced team of underwriters to focus predominately on binding authority risks for UK SME and Mid-market commercial property risks. The portfolio has been in growth phase for the last 4 years and as such has a good following, your role will be to assist with the continued growth of...

  • Underwriter - Property

    4 days ago

    London, United Kingdom High Finance (UK) Limited TA HFG Full time

    Taking ownership of large and complex property risk underwriting. Providing technical underwriting guidance to the business in respect of Binding Authorities with carriers Providing technical underwriting guidance to the Claims team concerning interpretation of wordings and the settlement of claims Providing technical underwriting input into the development...

  • Head of Property and Underwriting

    2 weeks ago

    London, Greater London, United Kingdom Aviva plc Full time

    Head of Property and UnderwritingWe are looking for a seasoned underwriter to lead our property and specialty lines underwriting team, driving growth and profitability in our Commercial Lines business.This exciting opportunity requires a first-class underwriter with extensive technical knowledge in property and specialty lines classes. The successful...

  • Property Underwriter

    7 months ago

    London, United Kingdom RSA Full time

    **Introduction** At RSA we believe that insurance is about people, not things. Our inspiring colleagues focus on shaping the future by helping people, business and society prosper in good times, and be resilient in bad times. This is the foundation on which we operate. We are a proud member of the Intact family, we feel part of something bigger, with a...

  • Wholesale Property Underwriter

    1 month ago

    London, Greater London, United Kingdom XL CATLIN Full time

    Job Title: Wholesale Property UnderwriterLocation: London, UKWe are seeking an experienced Wholesale Property Underwriter to join our team in London. As a key member of our underwriting department, you will be responsible for underwriting wholesale property risks and delivering a profitable underwriting service to our clients.Your main responsibilities will...

  • Property Facultative Underwriter

    2 weeks ago

    London, Greater London, United Kingdom IPS Group Careers Full time

    Role OverviewThis is an exciting opportunity for a progressive candidate with a strong understanding of property underwriting and facultative experience. You will join IPS Group Careers, a reinsurance company undergoing significant growth in the international facultative property area in London. The team specializes in various underwriting areas, including...

  • Senior Property Underwriter

    4 weeks ago

    London, United Kingdom Stride Resource Management Full time

    Senior Commercial Property Underwriter - London MarketA Global Insurer with offices across the UK is looking to source an experienced Senior Commercial Property Underwriter who is adept at operating within the London Market and technically proficient.Key ResponsibilitiesWorking with key strategic intermediary partners to underwrite large and complex property...

  • Senior Property Underwriter

    3 weeks ago

    London, United Kingdom Stride Resource Management Full time

    Senior Commercial Property Underwriter - London Market A Global Insurer with offices across the UK is looking to source an experienced Senior Commercial Property Underwriter who is adept at operating within the London Market and technically proficient. Key Responsibilities Working with key strategic intermediary partners to underwrite large and complex...

  • Senior Property Underwriter

    4 weeks ago

    London, United Kingdom Stride Resource Management Full time

    Senior Commercial Property Underwriter - London Market A Global Insurer with offices across the UK is looking to source an experienced Senior Commercial Property Underwriter who is adept at operating within the London Market and technically proficient. Key Responsibilities Working with key strategic intermediary partners to underwrite large and complex...

  • Property and Liability Underwriter

    2 weeks ago

    London, Greater London, United Kingdom Harrison Holgate Full time

    Are you a motivated and experienced Underwriter looking for a new challenge? Harrison Holgate is seeking a Property and Liability Underwriter to join their mid-corporate clients team based in Chelmsford.Key Responsibilities:Evaluate risk profiles for property and casualty claimsAssess liability exposure for various types of policiesAnalyze data to inform...

  • Property Risk Underwriter

    2 weeks ago

    London, Greater London, United Kingdom Munich Re Full time

    About UsMunich Re Specialty – Global Markets (MRS-GM) aims to become the leading Primary Specialty Insurance provider, driven by an effective strategy, superior products, and industry leaders working together in a supportive environment.We are seeking a Property Risk Underwriter to be based in London on a full-time basis, reporting to the Group Head of...

  • Facultative Property Underwriter

    2 weeks ago

    London, Greater London, United Kingdom IPS Group Full time

    About the RoleWe are seeking a highly skilled Property Underwriting Specialist to join our team at IPS Group. In this role, you will be responsible for assisting with the development of the property fac class outside of LATAM.As a key member of the team, you will be expected to work independently and make underwriting decisions while developing your...

  • Underwriting Assistant

    14 hours ago

    London, United Kingdom Eden James Consulting Ltd Full time

    **Underwriting Assistant - Property** **London** **£30,000 + Benefits** This is an excellent opportunity to enter the world of Underwriting, and join a company that not only has a stellar reputation within the market, but which also rewards it's staff very well, with a wide range of fantastic benefits on offer. **Responsibilities** - Assisting...

  • Property Underwriting Specialist

    2 weeks ago

    London, Greater London, United Kingdom Compass Recruitment Ltd Full time

    Compass Recruitment Ltd is seeking a talented Property Underwriting Specialist to join our Real Estate team in London. This is an exciting opportunity for an experienced professional to shape underwriting appetite and drive business growth.The successful candidate will have a strong understanding of property markets and trends, with excellent analytical and...

  • Senior Property Underwriter

    4 weeks ago

    London, United Kingdom Stride Resource Management Full time €95,000

    Senior Commercial Property Underwriter - London Market A Global Insurer with offices across the UK are looking to source an experienced Senior Commercial Property Underwriter who is adept at operating within the London Market and technically adept. Key Responsibilities Working with key strategic intermediary partners to underwrite large and complex...

  • Senior Property Underwriter

    4 weeks ago

    London, United Kingdom Stride Resource Management Full time €95,000

    Senior Commercial Property Underwriter - London Market A Global Insurer with offices across the UK are looking to source an experienced Senior Commercial Property Underwriter who is adept at operating within the London Market and technically adept. Key Responsibilities Working with key strategic intermediary partners to underwrite large and complex...

  • Senior Property Underwriter

    2 months ago

    London,, UK, United Kingdom Stride Resource Management Full time

    Senior Commercial Property Underwriter - London MarketA Global Insurer with offices across the UK are looking to source an experienced Senior Commercial Property Underwriter who is adept at operating within the London Market and technically adept. Key ResponsibilitiesWorking with key strategic intermediary partners to underwrite large and complex property...

  • Senior Property Underwriter

    2 months ago

    London, United Kingdom Stride Resource Management Full time

    Senior Commercial Property Underwriter - London MarketA Global Insurer with offices across the UK are looking to source an experienced Senior Commercial Property Underwriter who is adept at operating within the London Market and technically adept. Key ResponsibilitiesWorking with key strategic intermediary partners to underwrite large and complex property...

  • Senior Property Underwriter

    2 months ago

    London, United Kingdom Stride Resource Management Full time

    Senior Commercial Property Underwriter - London MarketA Global Insurer with offices across the UK are looking to source an experienced Senior Commercial Property Underwriter who is adept at operating within the London Market and technically adept. Key ResponsibilitiesWorking with key strategic intermediary partners to underwrite large and complex property...

  • Property Underwriting Specialist

    2 weeks ago

    London, Greater London, United Kingdom IPS Group Full time

    Job OverviewThis is an excellent opportunity to take on a key role in the IPS Group's facultative property area. As a progressive candidate with a strong understanding of property underwriting, you will be responsible for assisting with the development of the property fac class outside of LATAM.The ideal candidate will have a small level of authority and be...