Company
Munich Re Risk Solutions Ireland
Location
Dublin city, Ireland
About us Munich Re Specialty – Global Markets is part of the Munich RE group. 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 Singapore, Labuan and Dubai.
Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit and Property, Contingency and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable people and businesses to thrive.
Senior Property Underwriter (D&F) We are looking to employ a Senior Property Underwriter (D&F) to be based in our Dublin office and to work with us on a full-time basis.
What we are looking for You to ensure prudent underwriting of quality business in line with business plan to facilitate maximum return of profit while maintaining the company's reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the company.
The Role Underwrite new and renewal Property business, exercising judgement in all underwriting matters, and remaining aware of own underwriting limits as set out in the Underwriting Authority sheet. All in accordance with Underwriting business plan; referring to the Underwriting Director when appropriate.Ensure the effective management of property business, including performance, EPI monitoring, referrals, bordereaux management, rate movement, claims trends, regular reviews, underwriter visits and audits.Conduct and develop effective relationships with insureds 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 underwriting team, property and other teams, including claims, actuarial, underwriting management, exposure management, compliance and finance.Conduct and develop effective relationships within the Ireland market, with peers and brokers, to keep abreast of market developments that may affect the Munich Re trading effectiveness.Review rates, proposal forms, policy wordings and other supporting documentation, exercising own judgement to ensure they are appropriate for the business being written.Attend, contribute to or chair regular and ad-hoc Property team meetings, meetings with colleagues within MRRSI/GSI/MRSL, and meetings with reinsurers, brokers, insurers, suppliers and other entities where appropriate.Knowledge and Skills Advanced knowledge and understanding of:Underwriting Principles;Legal Principles;CBI and Lloyd's rules and regulations including conduct risk and contract certainty issues;Ireland insurance market;All company specific procedures that relate to own role and role of those employees that you are supervising;Ireland commercial property business, including liability associated with commercial combined/package business;Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm;Develop and maintain market awareness.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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