Senior DU Analyst (Regulatory & Compliance) 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. 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. Senior DU Analyst (Regulatory & Compliance) We are currently looking for a Senior DU Analyst to work with us on a full-time basis in our London office, reporting into our Group Head of Delegated Underwriting. You will support the Munich Re Delegated Underwriting (DU) team, specifically the Syndicate (MRS) with all aspects of regulatory and compliance matters, assessing the impact of changes and developments introduced by the FCA, Lloyd's and other regulators on delegated authorities business Responsibilities: Liaise with MRS Compliance and Conduct Risk functions on all regulatory matters and compliance developments identifying impact on delegated underwriting and proposing process changes. Independently assess regulatory changes in UK and international trading requirements, e.g. Crystal and LITA Alerts, Lloyd's wordings, LMA clauses, etc. providing training and communication to the DU team, Underwriters, Coverholders and Lloyd's Brokers as necessary. Assist with the initial on-boarding of coverholders and binding authorities, annual review process and delivery of the audit plan analysing licensing and regulatory issues and providing feedback. Assist with the coverholder oversight process assessing breaches to authorities using bordereaux data. Understand MRS delegated underwriting governance and, supporting the Group Head of DU and Deputy Manager, evaluate processes in line with Lloyd's, Munich Re Group, FCA and other regulators' rules ensuring relevant procedures and systems are maintained and updated. Contribute to standard and ad-hoc reports to internal and external stakeholders including in areas such as Solvency II, Conduct Risk, Lloyd's Europe, FCA (e.g. eligible complainants, RMAR, etc.). Assist with delegated underwriting initiatives and developments. 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 Conduct governance within MRSL. Support the process and structure that upholds the requirements set out in the Lloyd's Conduct Risk Minimum Standards and Complaints Principles. Knowledge and Skills Knowledge: Advanced business knowledge and understanding of: Bordereaux analysis and management, e.g. DDM/Tide and other bordereaux management applications, e.g. VIPR Intrali, BORDEREAUX Sound knowledge of risk and premium reporting and credit control for delegated underwriting Lloyd's delegated authority tools, e.g. Atlas, DCOM, IMR, Blueprint 2 Report production, analysis and presentation utilising reporting tools, QlikView, PowerBI Underlying principles of insurance/reinsurance practice Lloyd's Market practices and regulation, specifically relating to delegated underwriting Demonstrate clear understanding of all company specific procedures that relate to own role Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation Skills: Demonstrate high degree of attention to detail and accuracy and use of relevant reporting tools Ability to manage own workload and to work both supportively and jointly with colleagues Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs Diversity, Equity & Inclusion At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact. Learning and innovating today, striving for sustainable societies and business tomorrow At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues. Critical illness insurance + Life Assurance + Permanent Health Insurance Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility) Electric Vehicle Salary Sacrifice Scheme Study & continuing Professional Development Support
Jan 26, 2026
Full time
Senior DU Analyst (Regulatory & Compliance) 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. 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. Senior DU Analyst (Regulatory & Compliance) We are currently looking for a Senior DU Analyst to work with us on a full-time basis in our London office, reporting into our Group Head of Delegated Underwriting. You will support the Munich Re Delegated Underwriting (DU) team, specifically the Syndicate (MRS) with all aspects of regulatory and compliance matters, assessing the impact of changes and developments introduced by the FCA, Lloyd's and other regulators on delegated authorities business Responsibilities: Liaise with MRS Compliance and Conduct Risk functions on all regulatory matters and compliance developments identifying impact on delegated underwriting and proposing process changes. Independently assess regulatory changes in UK and international trading requirements, e.g. Crystal and LITA Alerts, Lloyd's wordings, LMA clauses, etc. providing training and communication to the DU team, Underwriters, Coverholders and Lloyd's Brokers as necessary. Assist with the initial on-boarding of coverholders and binding authorities, annual review process and delivery of the audit plan analysing licensing and regulatory issues and providing feedback. Assist with the coverholder oversight process assessing breaches to authorities using bordereaux data. Understand MRS delegated underwriting governance and, supporting the Group Head of DU and Deputy Manager, evaluate processes in line with Lloyd's, Munich Re Group, FCA and other regulators' rules ensuring relevant procedures and systems are maintained and updated. Contribute to standard and ad-hoc reports to internal and external stakeholders including in areas such as Solvency II, Conduct Risk, Lloyd's Europe, FCA (e.g. eligible complainants, RMAR, etc.). Assist with delegated underwriting initiatives and developments. 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 Conduct governance within MRSL. Support the process and structure that upholds the requirements set out in the Lloyd's Conduct Risk Minimum Standards and Complaints Principles. Knowledge and Skills Knowledge: Advanced business knowledge and understanding of: Bordereaux analysis and management, e.g. DDM/Tide and other bordereaux management applications, e.g. VIPR Intrali, BORDEREAUX Sound knowledge of risk and premium reporting and credit control for delegated underwriting Lloyd's delegated authority tools, e.g. Atlas, DCOM, IMR, Blueprint 2 Report production, analysis and presentation utilising reporting tools, QlikView, PowerBI Underlying principles of insurance/reinsurance practice Lloyd's Market practices and regulation, specifically relating to delegated underwriting Demonstrate clear understanding of all company specific procedures that relate to own role Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and operation of the department and wider organisation Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation Skills: Demonstrate high degree of attention to detail and accuracy and use of relevant reporting tools Ability to manage own workload and to work both supportively and jointly with colleagues Ability to work under pressure and flexibly when necessary, prioritising tasks, resource planning and meeting deadlines Use of communication skills, both written and verbal reporting and presentation, that are both effective and meet business needs Diversity, Equity & Inclusion At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact. Learning and innovating today, striving for sustainable societies and business tomorrow At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues. Critical illness insurance + Life Assurance + Permanent Health Insurance Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility) Electric Vehicle Salary Sacrifice Scheme Study & continuing Professional Development Support
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. 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. We are currently looking for an Underwriter to be based in our Manchester office on a full-time basis, reporting into the Underwriter & Team Leader. Your role is to achieve and maintain a profitable, well-balanced, and growing portfolio with allocated intermediaries and customers to assist in meeting the long-term trading objectives of the Company. Provide technical underwriting expertise and guidance to less experienced underwriting staff. Responsibilities: Work with the intermediary/customer, undertaking end-to-end handling of cases for the allocated portfolio to deliver the agreed joint business development plans in line with the Company's overall trading strategy. Make effective on-site decisions, within delegated authority, for allocated intermediaries to ensure work is completed efficiently. Develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company's trading objectives to deliver profitable and balanced growth. Plan and process your work to help the team meet its customer service and credit control targets. Identify, define, and close business opportunities, seeking input from other staff when appropriate, to ensure swift and effective business proposals that secure business for the Company. Serve as a reference point on all issues for the allocated intermediary/customer or less experienced staff to ensure high customer service levels. Assist in maintaining a balanced, high-quality portfolio by optimising the use of gathered information. Undertake other duties as directed within the scope of the job function. Knowledge and Skills High level of underwriting knowledge within Marine Trade. Understanding of technical underwriting, philosophy, and Company trading strategy. Ability to interpret and effectively use management information. Knowledge of the local market. Internal relationships with Executive Directors, Line of Business Managers, team members, Underwriters, the Claims Department, and the Syndicate. External relationships with contacts within the allocated intermediaries and customers. Diversity, Equity & Inclusion At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. We recognize that diversity can be multi-dimensional, intersectional, and complex. We aim to build a diverse workforce that includes various racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. We are committed to creating an equitable and inclusive work environment where this diversity is celebrated, valued, and provides equitable opportunities to succeed. Candidates can request reasonable adjustments at any stage of our recruitment process by contacting your Talent Acquisition representative. Our Commitment to Sustainability and Development Our ESG strategy is designed to seize business opportunities and foster an inclusive, stimulating work environment. We support local initiatives and offer volunteering opportunities for colleagues, focusing on environmental, social, and governance topics, including: Critical illness insurance, Life Assurance, Permanent Health Insurance Wellbeing and Development Scheme, EAP, Health Assessments (subject to eligibility) Electric Vehicle Salary Sacrifice Scheme Support for Study & Continuing Professional Development
Jan 18, 2026
Full time
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. 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. We are currently looking for an Underwriter to be based in our Manchester office on a full-time basis, reporting into the Underwriter & Team Leader. Your role is to achieve and maintain a profitable, well-balanced, and growing portfolio with allocated intermediaries and customers to assist in meeting the long-term trading objectives of the Company. Provide technical underwriting expertise and guidance to less experienced underwriting staff. Responsibilities: Work with the intermediary/customer, undertaking end-to-end handling of cases for the allocated portfolio to deliver the agreed joint business development plans in line with the Company's overall trading strategy. Make effective on-site decisions, within delegated authority, for allocated intermediaries to ensure work is completed efficiently. Develop strong relationships with allocated intermediaries, balancing intermediary needs with the Company's trading objectives to deliver profitable and balanced growth. Plan and process your work to help the team meet its customer service and credit control targets. Identify, define, and close business opportunities, seeking input from other staff when appropriate, to ensure swift and effective business proposals that secure business for the Company. Serve as a reference point on all issues for the allocated intermediary/customer or less experienced staff to ensure high customer service levels. Assist in maintaining a balanced, high-quality portfolio by optimising the use of gathered information. Undertake other duties as directed within the scope of the job function. Knowledge and Skills High level of underwriting knowledge within Marine Trade. Understanding of technical underwriting, philosophy, and Company trading strategy. Ability to interpret and effectively use management information. Knowledge of the local market. Internal relationships with Executive Directors, Line of Business Managers, team members, Underwriters, the Claims Department, and the Syndicate. External relationships with contacts within the allocated intermediaries and customers. Diversity, Equity & Inclusion At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. We recognize that diversity can be multi-dimensional, intersectional, and complex. We aim to build a diverse workforce that includes various racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. We are committed to creating an equitable and inclusive work environment where this diversity is celebrated, valued, and provides equitable opportunities to succeed. Candidates can request reasonable adjustments at any stage of our recruitment process by contacting your Talent Acquisition representative. Our Commitment to Sustainability and Development Our ESG strategy is designed to seize business opportunities and foster an inclusive, stimulating work environment. We support local initiatives and offer volunteering opportunities for colleagues, focusing on environmental, social, and governance topics, including: Critical illness insurance, Life Assurance, Permanent Health Insurance Wellbeing and Development Scheme, EAP, Health Assessments (subject to eligibility) Electric Vehicle Salary Sacrifice Scheme Support for Study & Continuing Professional Development
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 adaptablestrategy, 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. Property Delegated Pricing Lead We are looking for a Property Delegated Pricing Lead to join our London City office on a full time basis with Hybrid working of 2-3 days per week. Responsibilities Demonstrate ownership of the delegated Property business, taking responsibility to ensure pricing reviews are undertaken in a timely manner. Work with pricing actuaries and underwriters in MRS-GM European offices, providing pricing support and guidance where necessary. Effectively manage, mentor and support your direct report(s), including managing their time, providing training and reviewing their work as required Work independently on individual pricing assessments of large consortia and binder reviews, including clear communication of results to the underwriters Support pricing team in achieving the high standards as indicated within the Lloyd's oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts Ensure pricing analyses meet the Munich Re GSI requirements, including the Delegated Authority best practice guidelines Support for syndicate business planning process Production and review of pricing management information New business initiative analyses and independent reviews Investigation and utilisation of alternative data sources for parameterisation of pricing models Support underwriting within depth portfolio analyses and performance management Ensure all advice offered is in line with TAS requirements 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. Knowledge and Skills Significant pricing experience in the London Market Qualified actuary by exams OR extensive experience Significant experience with Lloyd's delegated insurance a necessity, particularly within Property Highly developed mathematical / statistical knowledge in (re)insurance Effective communication skills and ability to translate complex models in business terms Strong business acumen and interpersonal skills Team player and willingness to train junior members in the team Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment Knowledge of a range of modelling techniques and applications for pricing Current Lloyd's market knowledge Willingness to continue to develop knowledge of any pricing related matters. Knowledge and understanding of FCA regulations and Lloyd's standards Knowledge and understanding of the underlying principles of insurance and reinsurance 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, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact. Learning and innovating today, striving for sustainable societies and business tomorrow At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues. Learn more about sustainability at Munich Re - choose your impact!
Jan 16, 2026
Full time
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 adaptablestrategy, 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. Property Delegated Pricing Lead We are looking for a Property Delegated Pricing Lead to join our London City office on a full time basis with Hybrid working of 2-3 days per week. Responsibilities Demonstrate ownership of the delegated Property business, taking responsibility to ensure pricing reviews are undertaken in a timely manner. Work with pricing actuaries and underwriters in MRS-GM European offices, providing pricing support and guidance where necessary. Effectively manage, mentor and support your direct report(s), including managing their time, providing training and reviewing their work as required Work independently on individual pricing assessments of large consortia and binder reviews, including clear communication of results to the underwriters Support pricing team in achieving the high standards as indicated within the Lloyd's oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts Ensure pricing analyses meet the Munich Re GSI requirements, including the Delegated Authority best practice guidelines Support for syndicate business planning process Production and review of pricing management information New business initiative analyses and independent reviews Investigation and utilisation of alternative data sources for parameterisation of pricing models Support underwriting within depth portfolio analyses and performance management Ensure all advice offered is in line with TAS requirements 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. Knowledge and Skills Significant pricing experience in the London Market Qualified actuary by exams OR extensive experience Significant experience with Lloyd's delegated insurance a necessity, particularly within Property Highly developed mathematical / statistical knowledge in (re)insurance Effective communication skills and ability to translate complex models in business terms Strong business acumen and interpersonal skills Team player and willingness to train junior members in the team Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment Knowledge of a range of modelling techniques and applications for pricing Current Lloyd's market knowledge Willingness to continue to develop knowledge of any pricing related matters. Knowledge and understanding of FCA regulations and Lloyd's standards Knowledge and understanding of the underlying principles of insurance and reinsurance 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, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. 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. All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact. Learning and innovating today, striving for sustainable societies and business tomorrow At Munich Re Specialty - Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues. Learn more about sustainability at Munich Re - choose your impact!