International Property Binder Underwriter

4 months ago


London, United Kingdom Munich Re Specialty Group Full time

The Role

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 Group Head of Delegated Property 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 Group Head of Delegated Property when appropriate. Service existing binder contracts and make amendments in line with the syndicate’s underwriting philosophy. 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. Review rate structures, underwriting guides, policy wordings and supporting documentation, exercising own judgement to ensure they are appropriate for the portfolio of business; Provide supporting data and reports for team meetings, internal and external meetings, and business plans as and when required.

Knowledge and Skills

Advanced knowledge and understanding of:

International Commercial property business, including liability associated with commercial property business; International Homeowners and High Value Home business; FCA / PRA and Lloyd’s rules and regulations including conduct risk and contract certainty issues Lloyd’s insurance market Underwriting Principles; Legal Principles

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for

Diversity, Equity & Inclusion

At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

Your career with us

At Munich Re Specialty – Global Markets, 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

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.



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