Head of UK Underwriting
2 days ago
About usAt 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.Position OverviewThe Head of UK Underwriting will advise, develop, and provide leadership in relation to Munich Re Specialty, Global Markets UK strategy for MRS-GM underwriting business, specifically the regulated legal entity of MRSI UK, which consists of a number of Lines of Business (LoBs). This role will work on strategic activities with the CUO, Retail, as well as oversee the run-off activities of the Groves John Westrup (GJW) businesses.This position involves managing LOB underwriters writing business on behalf of MRSIUK to ensure compliance with Lloyd’s, FCA, and PRA Rules, while maximizing profit and maintaining Munich Re Group’s reputation and integrity.Responsibilities:Managerial responsibilities for the underwriting division consisting of Specialty SME LoBs.Attend Munich Re Specialty-Global Markets underwriting strategy meetings, representing and promoting UK-based MRS-GM regulated legal entities externally.Provide appropriate information to the CUO, Retail in relation to strategic development.Build and maintain strong internal relationships with Senior Management colleagues and other functions.Drive good conduct for the business to deliver the best outcomes for customers/policyholders.Report any significant failures to comply with regulations to Compliance immediately.Contribute to the definition and promotion of the Munich Re Specialty, Global Markets strategy.Develop new business opportunities compatible with the LoB underwriters.Provide strategic guidance to global underwriting teams to implement Munich Re Specialty, Global Markets underwriting strategy.Leadership:Support underwriting activities and performance to achieve business objectives and targets.Recruit, lead, and motivate direct reports to implement the global underwriting strategy.Promote divisional knowledge sharing and industry best practices.Measures & Controls:Ensure compliance with underwriting requirements and standards.Monitor the book of business to meet emerging needs and take corrective measures.Manage expenses and implement cost-saving alternatives when appropriate.Knowledge and Skills:Demonstrated ability in an executive leadership position.Exceptional underwriting and organizational skills.Strong understanding of business planning and regulatory issues.University Degree and/or relevant professional qualification relating to insurance underwriting or business administration.Dip CII / ACII preferred.If you are excited about this role but your experience does not align perfectly with everything outlined, we encourage you to apply anyway. You might just be the candidate we are looking forLocation:Whilst this opportunity is currently being advertised in London, we are open to considering this opportunity nationally across the UK, where the successful candidate will be tied to their closest MRS-GM regional office on a full-time basis.Diversity, Equity & Inclusion:At Munich Re, we are committed to building a diverse workforce and an equitable and inclusive work environment where diversity is celebrated and valued.
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Head of UK Underwriting
4 weeks ago
London, Greater London, United Kingdom Munich Re Full timeAbout Munich Re Specialty – Global MarketsMunich Re Specialty – Global Markets (MRS-GM) is a leading provider of primary specialty insurance, driven by a strategic approach, superior products, and industry leaders working together to achieve excellence.Position OverviewThe Head of UK Underwriting will play a key role in advising, developing, and...
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Head of UK Underwriting
4 weeks ago
London, Greater London, United Kingdom Munich Re Full timeAbout Munich Re Specialty – Global MarketsMunich Re Specialty – Global Markets (MRS-GM) is a leading provider of primary specialty insurance, driven by a strategic approach, superior products, and industry leaders working together to achieve excellence.Position OverviewThe Head of UK Underwriting will play a key role in advising, developing, and...
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London, United Kingdom Munich Re Full timeAbout usAt 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...
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