Senior Property Underwriter, Germany at Munich Re Specialty - Global Markets, UK

About Us

At 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. We encourage a culture where people are present, bold and curious, allowing them to achieve their individual goals. Please see our website for more information.

Opening

Munich Re Specialty was formed as a stand‑alone division in 2023. We are expanding our property business in Germany and are looking for a Senior Property Underwriter to join our team.

Responsibilities

Lead the underwriting process for property insurance, assessing risks and determining appropriate coverage and pricing.
Review, analyse, and evaluate property risks, including commercial and industrial properties.
Develop and maintain strong relationships with brokers, clients, and internal teams to ensure seamless delivery of underwriting services.
Provide expert advice on complex underwriting matters and assist junior underwriters in professional development.
Monitor and evaluate policy performance, identifying opportunities for risk mitigation and recommending necessary changes.
Ensure compliance with all regulatory requirements and company guidelines related to property underwriting.
Stay informed of industry trends, market conditions, and emerging risks to align underwriting strategies with market demands.
Participate in the development of underwriting policies, guidelines, and pricing models.
Contribute to business growth by identifying opportunities to expand property business in alignment with company objectives.
Maintain effective relationships with insureds and brokers to strengthen existing trading relationships and secure new business.
Direct and manage overall technical underwriting for Property activities for MRSGM in Germany while ensuring a high level of technical proficiency.

Knowledge and Skills

Deep understanding of property insurance products, risk assessment, pricing and underwriting guidelines.
Proven experience underwriting complex commercial and industrial property risks.
Strong organisational and time‑management skills, able to handle multiple priorities in a fast‑paced environment.
In‑depth knowledge of exposure and experience rating processes.
Excellent interpersonal skills for building relationships with internal and external stakeholders.
Integrity, credibility, and a strong commitment to the company’s mission.
Exceptional negotiation skills to secure favourable terms.
Strong analytical skills and attention to detail for sound underwriting decisions.
Excellent written, verbal and presentation communication skills, with the ability to interact with all levels of the organisation.
Proven track record in general business management, including strategic planning, forecasting and long‑term growth.
Fluency in German and English.
Extensive experience in primary insurance underwriting; people‑management experience a plus.
University degree and/or relevant professional qualification.

Diversity, Equity & Inclusion

At Munich Re, DEI fosters innovation and resilience. We build a workforce inclusive of diverse identities and backgrounds. All candidates can request a reasonable adjustment at any point in the recruitment process.

Benefits & Sustainability

Our ESG strategy supports local community initiatives and offers volunteering opportunities. Learn more about sustainability at Munich Re – Choose Your Impact .

#BePresent #BeBold #BeCurious

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Munich Re Specialty - Global Markets, UK

Jobs:

Senior Property Underwriter, Germany

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