About us At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinnedby an effective and adaptablestrategy,superior products and industry leaders working in a supportive environmentto 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. The Head of Energy and Complex Risk Claims is a critical role in our growing Specialty, Property & Casualty London Market portfolio. This role has oversight and is responsible for a diverse, complex claims portfolio arising from (inter alia) our casualty, energy, marine liability, space, marine war, aviation (war and hull), political risks & credit, political violence & terrorism, product recall and XoL classes. It will also manage and develop a leading market team and ensure a consistent, proactive and diligent approach to claims management. This role will also ensure adherence to Claims guidelines, best practices and regulatory requirements, work with Claims & UW leadership to define and implement strategic direction, provide insight and guidance on claims and claim trends, and promote a culture of diligence, curiosity, positivity and inclusion within the organization. Responsibilities: Manage and provide proactive claim-handling direction to all team members within your portfolio with respect to investigation, assessment, reserving, expense/ vendor management, and settlement in accordance with Claims guidelines and best practices. Monitor and oversee strategy on high exposure, litigated, coverage, and complex claims to ensure optimal claim outcome and timely escalation. Ensure the accuracy of financials for claims and classes within your responsibility. Perform regular file reviews, participate in internal and external audits, and manage the team to ensure guidelines, regulations and protocols adherence are consistently met across the team. Identify training needs and operational issues and provide proposals for continual improvement to Claims leadership team. Identify and present key claim issues, large or complex claims, claim trends and product improvement recommendations to internal and external stakeholders. Work collaboratively and help develop strong business relationships with a wide array of internal and external partners to strengthen the business through market meetings, thought leadership and best-in-class service. Manage and provide assistance with delegation and/or as International Distribution Companies as needed. Model and promote a culture of positivity, inclusion, and continuous improvement to maximum employee engagement. Mentor and develop colleagues ensuring opportunities to continually progress and reach their full potential. 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 Proven claims handling experience within the applicable business classes Sound business knowledge and understanding of: Underlying principles of insurance practice Generic legal principles FCA rules and regulations Lloyd's regulations 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 business plans of the organisation. Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation Identify, where relevant, any potential risks facing the business and the controls that are in place to mitigate them. Report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner. University Degree and/or relevant professional qualification 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.
Aug 05, 2025
Full time
About us At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinnedby an effective and adaptablestrategy,superior products and industry leaders working in a supportive environmentto 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. The Head of Energy and Complex Risk Claims is a critical role in our growing Specialty, Property & Casualty London Market portfolio. This role has oversight and is responsible for a diverse, complex claims portfolio arising from (inter alia) our casualty, energy, marine liability, space, marine war, aviation (war and hull), political risks & credit, political violence & terrorism, product recall and XoL classes. It will also manage and develop a leading market team and ensure a consistent, proactive and diligent approach to claims management. This role will also ensure adherence to Claims guidelines, best practices and regulatory requirements, work with Claims & UW leadership to define and implement strategic direction, provide insight and guidance on claims and claim trends, and promote a culture of diligence, curiosity, positivity and inclusion within the organization. Responsibilities: Manage and provide proactive claim-handling direction to all team members within your portfolio with respect to investigation, assessment, reserving, expense/ vendor management, and settlement in accordance with Claims guidelines and best practices. Monitor and oversee strategy on high exposure, litigated, coverage, and complex claims to ensure optimal claim outcome and timely escalation. Ensure the accuracy of financials for claims and classes within your responsibility. Perform regular file reviews, participate in internal and external audits, and manage the team to ensure guidelines, regulations and protocols adherence are consistently met across the team. Identify training needs and operational issues and provide proposals for continual improvement to Claims leadership team. Identify and present key claim issues, large or complex claims, claim trends and product improvement recommendations to internal and external stakeholders. Work collaboratively and help develop strong business relationships with a wide array of internal and external partners to strengthen the business through market meetings, thought leadership and best-in-class service. Manage and provide assistance with delegation and/or as International Distribution Companies as needed. Model and promote a culture of positivity, inclusion, and continuous improvement to maximum employee engagement. Mentor and develop colleagues ensuring opportunities to continually progress and reach their full potential. 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 Proven claims handling experience within the applicable business classes Sound business knowledge and understanding of: Underlying principles of insurance practice Generic legal principles FCA rules and regulations Lloyd's regulations 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 business plans of the organisation. Demonstrate willingness to continue to develop knowledge through formal and informal learning, both internally and externally to the organisation Identify, where relevant, any potential risks facing the business and the controls that are in place to mitigate them. Report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner. University Degree and/or relevant professional qualification 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.
As part of the MD Group, The Director of Surveying is responsible for creating and implementing the business plan for Building Warranty Inspection Services. This includes driving growth, ensuring profitability, maintaining strong technical inspections for all sites, and supporting developers in building quality homes for homeowners. Reporting to the Managing Director, this role requires a strategic thinker with experience in the latent defect insurance market (or similar), strong skills in managing and developing Technical Compliance and Standards, exceptional leadership abilities, and a proven track record of delivering profitable business results. Location: This position is fully remote (with occasional travel to our Birkenhead head office) The Director of Surveying is responsible for overseeing the Warranty Inspection Service within MD Group, comprising the following functions: National network of surveyors Major Projects, overseeing high-rise and high-value builds Technical Operations, including a small team of structural engineers Technical Auditing Surveyor Operations Training (External and Internal) The role will lead the development and implementation of the strategic direction and focus of the division with respect to surveying service, technical capability and standards, in order to support MD Group in delivering on its '2025 and beyond ambitions' for profitable growth and market leading customer experience. The role will provide motivational leadership to the division's leadership team and wider employee base and ensure required technical standards are clearly articulated and embedded across the surveying teams. You will work closely with the Operations Director to monitor service performance and enhancement opportunities, identify field service innovation opportunities and agree plans for their development, as well as with the Commercial Director, to support strategic growth, pricing and retention initiatives to meet field capacity and appetite along with new services and value add consultancy propositions. In your role as Director of Surveying you will also work closely with the Director of Premier Guarantee Building Control (PGBC) on the provision of Building Control through multi-skilled surveyors, ensuring that capacity and leadership within the Regions works closely with the PGBC Leadership to deliver the optimum service for our customers. Critical to success in this role, you will champion together with HR a strong emphasis on diversity, talent and career development for team members as a great and inclusive place to work. As a member of the Executive Leadership team of the MD Group, you will contribute to wider organisational strategy and effective operational decision making. Key Responsibilities: Implement the Building Warranty Inspection Division's annual operational and strategic plans and priorities in line with Plan, agreeing goals with Managing Director / Board as applicable. Lead and oversee the performance and delivery against goals and objectives of the Building Warranty Inspection Division and its key functions - Technical and Surveying Operations, Training, Technical Auditing and Surveying functions. Robustly deliver the Inspection elements of the Inspection led Underwriting business, working closely with the Commercial Director and their Underwriting teams to improve collaboration and support the ongoing development of best practice LDI underwriting and pricing. Ensure the suitable provision of resources in support of audit surveys, technical, building and construction expertise to existing and prospective Developers and Surveyors, within the UK, maximising the performance of the Surveying teams. Manage and develop the business, ensure the achievement of all Key Performance Indicators, (KPIs) ensuring the company adheres to all Standards and relevant Codes of Conduct. Deliver an appropriate risk management regime ensuring key stage inspection approach is delivered consistently with quality. Continually develop and improve the Technical Manual and Knowledge Management approach to maintain professionalism and improve standards across the group. Build and mentor a high-performing team, fostering a culture of collaboration, commerciality, innovation, and excellence. Develop the Management team by empowering managers to demonstrate and deliver effective performance management in accordance with HSB guidance . Ensure field staff operate to the highest standards, providing a professional customer focused service across the Network, in line with Group standards Monitor industry developments and changes that may impact on the business, continually seeking opportunities to develop and expand the business. Understand, comply and continually develop all Quality Management System Procedures Collaborate with the relevant teams to design and launch innovative insurance products that meet market demand. Collaborate with the relevant teams to develop key performance indicators (KPIs) and metrics to monitor the effectiveness of surveying initiatives and adjust strategies as needed. Engage with key stakeholders, including customers, partners, and regulatory bodies, to promote the company's commercial interests. Provide reports on business performance to the MD, Executive Management Committee, the Senior Leadership Team, ExCo, Risk Committee and the MD Group or parent (HSBEIL) Board, as required. Ad hoc projects and initiatives as may be allocated by the MD or Board from time to time. Key Skills: Proven leadership experience in previous roles with extensive Commercial, Construction and Insurance experience. this could include Qualified Surveyor / Engineer (MRICS, MBEng, MIStructE, or similar. Preferably an in-depth technical knowledge of the construction industry, Building Regulations and other relevant construction standards Ability to create not only good working relationships with other construction professionals but to be able to deal effectively with members of the public. Effective stakeholder management in a matrix reporting line environment; ability to quickly build relationships and establish credibility Ability to lead the development and interpretation of numerical trends and analysis, identify key issues based on this information to enable well-informed business decisions. Ability to communicate across all levels and articulate complex topics in a simple and easy to understand manner Good knowledge and understanding of the business, economic and construction market environment. Awareness and understanding of the main risks facing the construction warranty sector and ability to lead a team to identify, assess, monitor, control and mitigate risks Awareness and understanding of the regulatory framework, and the regulatory requirements in which the Company operates and the expectations relevant to the Director of Surveying Operations role. Experience with quality management systems and processes to ensure high-quality surveying services Personal Attributes: The highest level of integrity and ethics, both professional and personal Strong analytical aptitude, fast learner Sets high standards, empowers and encourages accountability A committed, constructive and effective team player with proven ability to inspire, trust and motivate team members and colleagues towards achieving challenging goals Able to take a hands-on approach where appropriate to engaging with teams/stakeholders Critical thinker and ability to appropriately challenge and influence Committed to upholding the company values; forward-thinking, inventive, customer-centric, agile, analytical, technology-driven Strong leadership skills to oversee complex projects and ensure timely completion Ability to adapt to changing priorities and deadlines in a fast-paced environment Qualifications: Preferable to be a Qualified Surveyor / Engineer (MCABE, MRICS, MBEng, MIStructE, or similar. 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
Jul 29, 2025
Full time
As part of the MD Group, The Director of Surveying is responsible for creating and implementing the business plan for Building Warranty Inspection Services. This includes driving growth, ensuring profitability, maintaining strong technical inspections for all sites, and supporting developers in building quality homes for homeowners. Reporting to the Managing Director, this role requires a strategic thinker with experience in the latent defect insurance market (or similar), strong skills in managing and developing Technical Compliance and Standards, exceptional leadership abilities, and a proven track record of delivering profitable business results. Location: This position is fully remote (with occasional travel to our Birkenhead head office) The Director of Surveying is responsible for overseeing the Warranty Inspection Service within MD Group, comprising the following functions: National network of surveyors Major Projects, overseeing high-rise and high-value builds Technical Operations, including a small team of structural engineers Technical Auditing Surveyor Operations Training (External and Internal) The role will lead the development and implementation of the strategic direction and focus of the division with respect to surveying service, technical capability and standards, in order to support MD Group in delivering on its '2025 and beyond ambitions' for profitable growth and market leading customer experience. The role will provide motivational leadership to the division's leadership team and wider employee base and ensure required technical standards are clearly articulated and embedded across the surveying teams. You will work closely with the Operations Director to monitor service performance and enhancement opportunities, identify field service innovation opportunities and agree plans for their development, as well as with the Commercial Director, to support strategic growth, pricing and retention initiatives to meet field capacity and appetite along with new services and value add consultancy propositions. In your role as Director of Surveying you will also work closely with the Director of Premier Guarantee Building Control (PGBC) on the provision of Building Control through multi-skilled surveyors, ensuring that capacity and leadership within the Regions works closely with the PGBC Leadership to deliver the optimum service for our customers. Critical to success in this role, you will champion together with HR a strong emphasis on diversity, talent and career development for team members as a great and inclusive place to work. As a member of the Executive Leadership team of the MD Group, you will contribute to wider organisational strategy and effective operational decision making. Key Responsibilities: Implement the Building Warranty Inspection Division's annual operational and strategic plans and priorities in line with Plan, agreeing goals with Managing Director / Board as applicable. Lead and oversee the performance and delivery against goals and objectives of the Building Warranty Inspection Division and its key functions - Technical and Surveying Operations, Training, Technical Auditing and Surveying functions. Robustly deliver the Inspection elements of the Inspection led Underwriting business, working closely with the Commercial Director and their Underwriting teams to improve collaboration and support the ongoing development of best practice LDI underwriting and pricing. Ensure the suitable provision of resources in support of audit surveys, technical, building and construction expertise to existing and prospective Developers and Surveyors, within the UK, maximising the performance of the Surveying teams. Manage and develop the business, ensure the achievement of all Key Performance Indicators, (KPIs) ensuring the company adheres to all Standards and relevant Codes of Conduct. Deliver an appropriate risk management regime ensuring key stage inspection approach is delivered consistently with quality. Continually develop and improve the Technical Manual and Knowledge Management approach to maintain professionalism and improve standards across the group. Build and mentor a high-performing team, fostering a culture of collaboration, commerciality, innovation, and excellence. Develop the Management team by empowering managers to demonstrate and deliver effective performance management in accordance with HSB guidance . Ensure field staff operate to the highest standards, providing a professional customer focused service across the Network, in line with Group standards Monitor industry developments and changes that may impact on the business, continually seeking opportunities to develop and expand the business. Understand, comply and continually develop all Quality Management System Procedures Collaborate with the relevant teams to design and launch innovative insurance products that meet market demand. Collaborate with the relevant teams to develop key performance indicators (KPIs) and metrics to monitor the effectiveness of surveying initiatives and adjust strategies as needed. Engage with key stakeholders, including customers, partners, and regulatory bodies, to promote the company's commercial interests. Provide reports on business performance to the MD, Executive Management Committee, the Senior Leadership Team, ExCo, Risk Committee and the MD Group or parent (HSBEIL) Board, as required. Ad hoc projects and initiatives as may be allocated by the MD or Board from time to time. Key Skills: Proven leadership experience in previous roles with extensive Commercial, Construction and Insurance experience. this could include Qualified Surveyor / Engineer (MRICS, MBEng, MIStructE, or similar. Preferably an in-depth technical knowledge of the construction industry, Building Regulations and other relevant construction standards Ability to create not only good working relationships with other construction professionals but to be able to deal effectively with members of the public. Effective stakeholder management in a matrix reporting line environment; ability to quickly build relationships and establish credibility Ability to lead the development and interpretation of numerical trends and analysis, identify key issues based on this information to enable well-informed business decisions. Ability to communicate across all levels and articulate complex topics in a simple and easy to understand manner Good knowledge and understanding of the business, economic and construction market environment. Awareness and understanding of the main risks facing the construction warranty sector and ability to lead a team to identify, assess, monitor, control and mitigate risks Awareness and understanding of the regulatory framework, and the regulatory requirements in which the Company operates and the expectations relevant to the Director of Surveying Operations role. Experience with quality management systems and processes to ensure high-quality surveying services Personal Attributes: The highest level of integrity and ethics, both professional and personal Strong analytical aptitude, fast learner Sets high standards, empowers and encourages accountability A committed, constructive and effective team player with proven ability to inspire, trust and motivate team members and colleagues towards achieving challenging goals Able to take a hands-on approach where appropriate to engaging with teams/stakeholders Critical thinker and ability to appropriately challenge and influence Committed to upholding the company values; forward-thinking, inventive, customer-centric, agile, analytical, technology-driven Strong leadership skills to oversee complex projects and ensure timely completion Ability to adapt to changing priorities and deadlines in a fast-paced environment Qualifications: Preferable to be a Qualified Surveyor / Engineer (MCABE, MRICS, MBEng, MIStructE, or similar. 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
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 a Technical Architect to be based in London on a full-time basis, reporting into the Head of Subsection - Business Solutions. Responsibilities: Coordinate and develop technological architecture/roadmaps and processes that ensure the technological lifecycle is managed within the organization. Produce strategic technical models and prepare business cases aligned with IT security and quality guidelines. Present business cases for strategic technical initiatives. Support the implementation of security architectures to minimize IT security breaches, in alignment with the IT security strategy. Plan effective, future-oriented data storage, sharing, and publishing within the organization, in alignment with the solution and enterprise architecture. Compile technology/software development policies and set standards. Manage application assets and direct development efforts to improve solution delivery and agility. Collaborate with EA peers to analyze enterprise business context and change requirements to derive the future state of technology architecture, including defining requirements, principles, and models guiding technology decisions. Communicate TA concepts and track progress toward the future state. Assume technical lead role in implementation projects and guide the team's work. Guide the creation and evolution of reusable technical patterns and control their usage. Drive digital innovation by leveraging new technologies to renovate, extend, and transform the existing core technology base and IT estate. Coach, mentor, and collaborate with technical subject matter experts and EA peers to develop technology architecture that enables new business capabilities and operating models. Knowledge and Skills: Strong project delivery background with approximately 7 years of experience in system design, systems integration, or software development as a senior developer/architect. Deep knowledge of the entire software development and product lifecycle, including DevOps principles, patterns, UML, and agile practices. Technical expertise in web-based systems architecture, service-based architecture, enterprise application architecture, and cloud architecture, with experience managing expectations balancing business and financial constraints. Working knowledge of database technologies such as MS SQL and Oracle. Experience leading and developing an Informatica-based ETL architecture. End-to-end design experience, including integration with services like Appian, Azure APIM, and Adobe Experience Manager. A proven track record of successful implementations delivering measurable business outcomes. Ability to evaluate and design data collection, staging, movement, analytics delivery, and data quality processes. If you are excited about this role but your experience does not align perfectly with every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for! At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience, enabling us to act braver and better. We are committed to building a diverse and inclusive workforce that values various identities, backgrounds, and beliefs. We also ensure equitable opportunities for success. All candidates can request reasonable adjustments at any stage of our recruitment process by speaking to their Talent Acquisition contact. Our Commitment to Sustainability and Wellbeing: Our ESG strategy focuses on seizing business opportunities and fostering an inclusive work environment, supporting local initiatives, and offering volunteering opportunities. Critical illness insurance, life assurance, and permanent health insurance Wellbeing and development schemes, EAP, and health assessments (subject to eligibility) Electric Vehicle Salary Sacrifice Scheme Support for professional development and continuing education
Jul 24, 2025
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 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 a Technical Architect to be based in London on a full-time basis, reporting into the Head of Subsection - Business Solutions. Responsibilities: Coordinate and develop technological architecture/roadmaps and processes that ensure the technological lifecycle is managed within the organization. Produce strategic technical models and prepare business cases aligned with IT security and quality guidelines. Present business cases for strategic technical initiatives. Support the implementation of security architectures to minimize IT security breaches, in alignment with the IT security strategy. Plan effective, future-oriented data storage, sharing, and publishing within the organization, in alignment with the solution and enterprise architecture. Compile technology/software development policies and set standards. Manage application assets and direct development efforts to improve solution delivery and agility. Collaborate with EA peers to analyze enterprise business context and change requirements to derive the future state of technology architecture, including defining requirements, principles, and models guiding technology decisions. Communicate TA concepts and track progress toward the future state. Assume technical lead role in implementation projects and guide the team's work. Guide the creation and evolution of reusable technical patterns and control their usage. Drive digital innovation by leveraging new technologies to renovate, extend, and transform the existing core technology base and IT estate. Coach, mentor, and collaborate with technical subject matter experts and EA peers to develop technology architecture that enables new business capabilities and operating models. Knowledge and Skills: Strong project delivery background with approximately 7 years of experience in system design, systems integration, or software development as a senior developer/architect. Deep knowledge of the entire software development and product lifecycle, including DevOps principles, patterns, UML, and agile practices. Technical expertise in web-based systems architecture, service-based architecture, enterprise application architecture, and cloud architecture, with experience managing expectations balancing business and financial constraints. Working knowledge of database technologies such as MS SQL and Oracle. Experience leading and developing an Informatica-based ETL architecture. End-to-end design experience, including integration with services like Appian, Azure APIM, and Adobe Experience Manager. A proven track record of successful implementations delivering measurable business outcomes. Ability to evaluate and design data collection, staging, movement, analytics delivery, and data quality processes. If you are excited about this role but your experience does not align perfectly with every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for! At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience, enabling us to act braver and better. We are committed to building a diverse and inclusive workforce that values various identities, backgrounds, and beliefs. We also ensure equitable opportunities for success. All candidates can request reasonable adjustments at any stage of our recruitment process by speaking to their Talent Acquisition contact. Our Commitment to Sustainability and Wellbeing: Our ESG strategy focuses on seizing business opportunities and fostering an inclusive work environment, supporting local initiatives, and offering volunteering opportunities. Critical illness insurance, life assurance, and permanent health insurance Wellbeing and development schemes, EAP, and health assessments (subject to eligibility) Electric Vehicle Salary Sacrifice Scheme Support for professional development and continuing education
With the office in Munich, it forms the Life 1 division of Munich Re. The UK life market is one of the, if not the, most competitive life markets in the world. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition. So we need a smart strategy and structure in order to succeed. At UK & Ireland Life we have three pillars to our business strategy, protection, longevity and reinsurance structuring. All three are key to the success of our business so it's important to look at the big picture. In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world's largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable. About the Role: Support the delivery of the UK Underwriting and Claims strategy through the marketing and provision of underwriting services to UK Life and Health clients. Key Responsibilities: Develop and maintain the UK Underwriting philosophy, ensuring alignment with the needs of the UK market when prioritizing and coordinating updates. Collaborate with Business Development to provide underwriting expertise for compelling tender responses. Serve as the UK subject matter expert for conducting research for MIRA, Munich Re's underwriting manual. Act as the technical link between UK Underwriting, Marketing, and Medical Research teams. Monitor medical advancements that could impact UK Protection products, underwriting, and claims philosophies. Provide informed, expert insights to the Underwriting & Claims Strategy Manager regarding UK innovation opportunities. Build a comprehensive understanding of target companies' strategies, plans, and reinsurance requirements in collaboration with Business Development and Actuarial teams. Contribute ideas to enhance client relationships and strengthen the underwriting proposition. Conduct desktop and other research to track competitor and market developments. Support the underwriting operations team in assessing client referrals as needed. Drives results (we think big) - you consistently achieve results even under tough circumstances, with the organisation's performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement. Business insight (we think big) - you can apply your knowledge of the business and the market to advance your business' and wider organisation's goals. Collaboration (we lead the 'we') - you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction. Client focus (we grow with our clients) - you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created. Cultivates innovation (we grow with our clients) - you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc. Courage (we care and dare) - you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear. Persuades (we are clear and authentic) - you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions. Key Skills & Experience: Experience working within a reinsurance environment. Strong communication and presentation skills, with the ability to engage effectively with diverse stakeholders. In-depth knowledge of the UK Life and Living Benefits market. Experience contributing to product development or cross-functional projects. Ability to manage multiple priorities effectively. Strong organizational skills to meet deadlines and manage client expectations. Proven ability to produce high-quality written materials. Thought Leaders: You are seen as an expert in your field and will be the 'go to' person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others - identifying opportunities to share your knowledge with others. You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well. You will treat your colleagues, sales and business partners fairly and with respect. Regulatory & Conduct Requirements: In addition to the responsibilities set out above, the Senior Underwriter - Research & Development role will also become responsible for: Ensuring compliance with Insurance Distribution Directive Satisfying all regulatory reporting requirements in collaboration with the reporting function Ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%. We are also one of the few employers to offer fully paid6months family leave for times when you need it the most. About us You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged 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. 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! 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.
Jul 24, 2025
Full time
With the office in Munich, it forms the Life 1 division of Munich Re. The UK life market is one of the, if not the, most competitive life markets in the world. We understand that Life insurers work in a dynamic market where medical progress, demographic trends and changing lifestyles are constantly giving rise to new risk landscapes. This demanding situation is made even more challenging by changing laws and regulations and ever tougher competition. So we need a smart strategy and structure in order to succeed. At UK & Ireland Life we have three pillars to our business strategy, protection, longevity and reinsurance structuring. All three are key to the success of our business so it's important to look at the big picture. In terms of clients, we trust them as experts of their business and provide them with the financial strength of the world's largest reinsurer, global expertise and sharp pricing so that they are both competitive and profitable. About the Role: Support the delivery of the UK Underwriting and Claims strategy through the marketing and provision of underwriting services to UK Life and Health clients. Key Responsibilities: Develop and maintain the UK Underwriting philosophy, ensuring alignment with the needs of the UK market when prioritizing and coordinating updates. Collaborate with Business Development to provide underwriting expertise for compelling tender responses. Serve as the UK subject matter expert for conducting research for MIRA, Munich Re's underwriting manual. Act as the technical link between UK Underwriting, Marketing, and Medical Research teams. Monitor medical advancements that could impact UK Protection products, underwriting, and claims philosophies. Provide informed, expert insights to the Underwriting & Claims Strategy Manager regarding UK innovation opportunities. Build a comprehensive understanding of target companies' strategies, plans, and reinsurance requirements in collaboration with Business Development and Actuarial teams. Contribute ideas to enhance client relationships and strengthen the underwriting proposition. Conduct desktop and other research to track competitor and market developments. Support the underwriting operations team in assessing client referrals as needed. Drives results (we think big) - you consistently achieve results even under tough circumstances, with the organisation's performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement. Business insight (we think big) - you can apply your knowledge of the business and the market to advance your business' and wider organisation's goals. Collaboration (we lead the 'we') - you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction. Client focus (we grow with our clients) - you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created. Cultivates innovation (we grow with our clients) - you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc. Courage (we care and dare) - you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear. Persuades (we are clear and authentic) - you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions. Key Skills & Experience: Experience working within a reinsurance environment. Strong communication and presentation skills, with the ability to engage effectively with diverse stakeholders. In-depth knowledge of the UK Life and Living Benefits market. Experience contributing to product development or cross-functional projects. Ability to manage multiple priorities effectively. Strong organizational skills to meet deadlines and manage client expectations. Proven ability to produce high-quality written materials. Thought Leaders: You are seen as an expert in your field and will be the 'go to' person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others - identifying opportunities to share your knowledge with others. You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well. You will treat your colleagues, sales and business partners fairly and with respect. Regulatory & Conduct Requirements: In addition to the responsibilities set out above, the Senior Underwriter - Research & Development role will also become responsible for: Ensuring compliance with Insurance Distribution Directive Satisfying all regulatory reporting requirements in collaboration with the reporting function Ensuring compliance with Munich Re's Code of Conduct and the FCA Conduct Rules You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%. We are also one of the few employers to offer fully paid6months family leave for times when you need it the most. About us You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged 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. 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! 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.
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. The Senior Project Manager will lead change and transformation initiatives within our Change Portfolio, supporting to deliver against our function objectives and overall strategy. This is a Fixed Term Contract for 12 months based in our London City office, on-site 2-3 days per week. This specific role will provide project management support to a wider programme of work, leading the Delivery and rollout of business critical technology to support within the Delegated Authority area of our business. This ongoing programme is a key strategic deliverable for our Operations function to deliver. Project Managers within the Change team play a crucial role in leading ensuring the successful delivery of initiatives across change, growth and transformation. Responsibilities Project Ownership: Key person to lead, drive and be responsible for project delivery. Define project scope and objectives: Work with stakeholders to clearly define the scope and objectives of the project, outlining what needs to be accomplished and the desired outcomes. Project Planning: Ensuring a clear project/programme plan is available at all times. Ensuring that tasks, timelines, resources, and milestones are shown as required by the business and or stakeholder group. Manage resources: Resource evaluation and allocation across the Portfolio. Working pro-actively with stakeholders to ensure this is estimated, allocated and utilised effectively to ensure smooth project delivery. Budget management: Support the management of project budgets which require monitoring and review throughout the life of the project, aligned with support of the business Sponsor Assess the change impact: Conduct impact analyses, assess change readiness, and identify key stakeholders. Communication: Communicate in a clear and transparent manner supporting the achievement of project goals. Acting as a central point of control and coordination to ensure project success. Coordination and management of external parties including Claims TPA's, external fronting companies and parties across the Munich Re Group. The Senior Project Manager must enable the design, development, delivery and management of key communications. Risk management: Identifying, documenting and managing potential risks, issues and dependencies across programmes. Ensuring a mitigation plan is in place to remediate. Communication and collaboration: Facilitate and lead effective communication among team members, stakeholders, and other relevant parties, ensuring everyone is on the same page and aware of project progress. Prepare and moderate workshops and other project-related meetings with senior management, functional experts and other stakeholders Monitor, control and report progress: Monitor and report project progress, manage project planning, taking corrective actions when necessary to keep the project on track Quality assurance: Project documentation and outputs should meet required quality standards and specifications and should be managed in accordance with the agreed portfolio governance. Conflict resolution: Addressing conflicts and challenges that arise within the project team or with stakeholders is a key responsibility of the project manager. Escalating and reporting issues appropriately. Required Knowledge, Skills and Experience Significant Business specific Project or Change Management experience Demonstrated Experience working within the Delegated Authority Market Strong knowledge and experience working with Onboarding, Due Diligence and Bordereaux Management systems and technology Knowledge and understanding of market leading systems e.g. VIPR, Watertrace, distriBind etc Strong experience in vendor contract negotiation and vendor management Experience implementing technical solutions to support bordereaux and coverholder management Substantial and proven Insurance Industry knowledge Demonstrable experience and knowledge of the London Market, especially Lloyd's Ability to thrive in a function where change is constant Proven stakeholder management skills and ability to drive decision making at an Executive level Proven understanding of Project Management Methodologies (Agile, Scrum, Waterfall, hybrid approaches) Knowledge of business analysis techniques and processes Good understanding of Data Security and Privacy across Insurance products 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! 25 days Annual Leave + Bank Holidays 10% Non-contributory Pension Eligibility for an Annual Bonus Private Medical + Dental Insurance 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
Jul 23, 2025
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. The Senior Project Manager will lead change and transformation initiatives within our Change Portfolio, supporting to deliver against our function objectives and overall strategy. This is a Fixed Term Contract for 12 months based in our London City office, on-site 2-3 days per week. This specific role will provide project management support to a wider programme of work, leading the Delivery and rollout of business critical technology to support within the Delegated Authority area of our business. This ongoing programme is a key strategic deliverable for our Operations function to deliver. Project Managers within the Change team play a crucial role in leading ensuring the successful delivery of initiatives across change, growth and transformation. Responsibilities Project Ownership: Key person to lead, drive and be responsible for project delivery. Define project scope and objectives: Work with stakeholders to clearly define the scope and objectives of the project, outlining what needs to be accomplished and the desired outcomes. Project Planning: Ensuring a clear project/programme plan is available at all times. Ensuring that tasks, timelines, resources, and milestones are shown as required by the business and or stakeholder group. Manage resources: Resource evaluation and allocation across the Portfolio. Working pro-actively with stakeholders to ensure this is estimated, allocated and utilised effectively to ensure smooth project delivery. Budget management: Support the management of project budgets which require monitoring and review throughout the life of the project, aligned with support of the business Sponsor Assess the change impact: Conduct impact analyses, assess change readiness, and identify key stakeholders. Communication: Communicate in a clear and transparent manner supporting the achievement of project goals. Acting as a central point of control and coordination to ensure project success. Coordination and management of external parties including Claims TPA's, external fronting companies and parties across the Munich Re Group. The Senior Project Manager must enable the design, development, delivery and management of key communications. Risk management: Identifying, documenting and managing potential risks, issues and dependencies across programmes. Ensuring a mitigation plan is in place to remediate. Communication and collaboration: Facilitate and lead effective communication among team members, stakeholders, and other relevant parties, ensuring everyone is on the same page and aware of project progress. Prepare and moderate workshops and other project-related meetings with senior management, functional experts and other stakeholders Monitor, control and report progress: Monitor and report project progress, manage project planning, taking corrective actions when necessary to keep the project on track Quality assurance: Project documentation and outputs should meet required quality standards and specifications and should be managed in accordance with the agreed portfolio governance. Conflict resolution: Addressing conflicts and challenges that arise within the project team or with stakeholders is a key responsibility of the project manager. Escalating and reporting issues appropriately. Required Knowledge, Skills and Experience Significant Business specific Project or Change Management experience Demonstrated Experience working within the Delegated Authority Market Strong knowledge and experience working with Onboarding, Due Diligence and Bordereaux Management systems and technology Knowledge and understanding of market leading systems e.g. VIPR, Watertrace, distriBind etc Strong experience in vendor contract negotiation and vendor management Experience implementing technical solutions to support bordereaux and coverholder management Substantial and proven Insurance Industry knowledge Demonstrable experience and knowledge of the London Market, especially Lloyd's Ability to thrive in a function where change is constant Proven stakeholder management skills and ability to drive decision making at an Executive level Proven understanding of Project Management Methodologies (Agile, Scrum, Waterfall, hybrid approaches) Knowledge of business analysis techniques and processes Good understanding of Data Security and Privacy across Insurance products 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! 25 days Annual Leave + Bank Holidays 10% Non-contributory Pension Eligibility for an Annual Bonus Private Medical + Dental Insurance 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
Head of DA Underwriting and Product Delivery Location: London, United Kingdom Employment Type: Full-time Your Role We are seeking a strategic and experienced leader to head our UK Delegated Authority (DA) Product Delivery and Underwriting function. This critical leadership role spans three core areas: Underwriting Oversight and Performance Management , Product Delivery Oversight , and Pricing & Analytics . The role ensures delegated underwriting, pricing, product design, and delivery practices meet regulatory expectations, align with internal standards, and uphold the principles of fairness and transparency in line with our Consumer Duty obligations. The successful candidate will design and maintain an effective team structure with clearly defined responsibilities. Each sub-team under their leadership will operate as a specialised unit, contributing meaningfully to the broader goals of the function through a culture of accountability, cross-functional collaboration, and subject matter expertise. Key Responsibilities Underwriting Oversight & Performance Management Oversee delegated underwriting practices for Retail and Commercial lines across live and run-off UK portfolios (supporting other regions as needed). Maintain and monitor the underwriting authority register to ensure compliance with limits, classes, and geographic scopes. Track and escalate underwriting breaches, including unauthorised risk acceptance and sub-delegation concerns. Define, own, and monitor KPIs related to underwriting results, risk appetite, profitability, accumulation, and behaviour of delegated underwriters. Develop and execute a risk-based Underwriting Oversight and technical review methodology. Ensure robust governance in risk selection, accumulation control, and portfolio segmentation. Generate relevant reports to meet stakeholder and regulatory requirements. Ensure the accuracy and quality of underwriting data from delegated agents, collaborating with subject matter experts to address any issues. Product Delivery Oversight Oversee the full lifecycle of delegated products-from design to withdrawal and run-off. Review and sign off policy wordings during onboarding and at material changes, ensuring documents are clear, fair, and meet regulatory and customer outcome expectations. Ensure product alignment with Consumer Duty principles (value, clarity, fairness) in partnership with the Product Monitoring Team. Lead input into product committees and approval processes, ensuring adherence to the Product Oversight and Governance (POG) framework. Track changes to products, maintain wording accuracy, and oversee decommissioning and closure planning. Maintain a central repository of current wordings, aligned with legal and regulatory developments. Ensure product governance at managing general agents (MGAs) and partners aligns with internal and regulatory expectations; participate in key client governance forums when appropriate. Oversee delegated pricing models and ensure consistency with underwriting strategies and actuarial guidance. Maintain a delegated pricing authority register and monitor discretion use and pricing-related incidents. Track pricing versus cost metrics, distribution bias, and ensure pricing aligns with ESG and inclusive standards. Provide pricing input for Fair Value Assessments, Product Reviews, and governance reporting. Develop and maintain pricing dashboards and MI tools to support regulatory readiness and oversight. Approve pricing changes and version controls, and ensure soundness of underlying assumptions. Collaborate with Data and Reinsurance teams to support exposure management and forecasting. Note: Although the role is UK-focused, the team may provide support to non-UK delegated agents as needed-for example, with policy wording reviews. Key Duties Oversight of product delivery and governance for all UK delegated insurance products. Underwriting performance management and oversight across all UK delegated authority portfolios. Resolve product-related queries with partners and internal stakeholders. Act as a technical reference point for underwriting and product-related matters across the business. Skills and Experience Strong communication skills with experience working in cross-functional and cross-regional teams. High level of motivation, responsibility, and a growth mindset. Commitment to collaborative success and delivery of oversight goals alongside diverse stakeholder groups. Strong analytical and organisational skills. Familiarity with the Munich Re Group structure is desirable. In-depth understanding of applicable regulatory frameworks (e.g. Consumer Duty, PROD). Prior experience in product or underwriting roles is essential. Experience in drafting and reviewing policy wording and insurance contracts. Strong background in Retail or Commercial underwriting. Qualifications University degree, or Professional insurance qualifications (e.g. ACII or equivalent) strongly preferred. Working at Great Lakes At Great Lakes, we are committed to providing an engaging, results-driven, and inclusive working environment. We recognise that diversity and collaboration drive innovation and success. We welcome and encourage applications from people of all backgrounds, experiences, and abilities. About us You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged 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. 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! 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.
Jul 18, 2025
Full time
Head of DA Underwriting and Product Delivery Location: London, United Kingdom Employment Type: Full-time Your Role We are seeking a strategic and experienced leader to head our UK Delegated Authority (DA) Product Delivery and Underwriting function. This critical leadership role spans three core areas: Underwriting Oversight and Performance Management , Product Delivery Oversight , and Pricing & Analytics . The role ensures delegated underwriting, pricing, product design, and delivery practices meet regulatory expectations, align with internal standards, and uphold the principles of fairness and transparency in line with our Consumer Duty obligations. The successful candidate will design and maintain an effective team structure with clearly defined responsibilities. Each sub-team under their leadership will operate as a specialised unit, contributing meaningfully to the broader goals of the function through a culture of accountability, cross-functional collaboration, and subject matter expertise. Key Responsibilities Underwriting Oversight & Performance Management Oversee delegated underwriting practices for Retail and Commercial lines across live and run-off UK portfolios (supporting other regions as needed). Maintain and monitor the underwriting authority register to ensure compliance with limits, classes, and geographic scopes. Track and escalate underwriting breaches, including unauthorised risk acceptance and sub-delegation concerns. Define, own, and monitor KPIs related to underwriting results, risk appetite, profitability, accumulation, and behaviour of delegated underwriters. Develop and execute a risk-based Underwriting Oversight and technical review methodology. Ensure robust governance in risk selection, accumulation control, and portfolio segmentation. Generate relevant reports to meet stakeholder and regulatory requirements. Ensure the accuracy and quality of underwriting data from delegated agents, collaborating with subject matter experts to address any issues. Product Delivery Oversight Oversee the full lifecycle of delegated products-from design to withdrawal and run-off. Review and sign off policy wordings during onboarding and at material changes, ensuring documents are clear, fair, and meet regulatory and customer outcome expectations. Ensure product alignment with Consumer Duty principles (value, clarity, fairness) in partnership with the Product Monitoring Team. Lead input into product committees and approval processes, ensuring adherence to the Product Oversight and Governance (POG) framework. Track changes to products, maintain wording accuracy, and oversee decommissioning and closure planning. Maintain a central repository of current wordings, aligned with legal and regulatory developments. Ensure product governance at managing general agents (MGAs) and partners aligns with internal and regulatory expectations; participate in key client governance forums when appropriate. Oversee delegated pricing models and ensure consistency with underwriting strategies and actuarial guidance. Maintain a delegated pricing authority register and monitor discretion use and pricing-related incidents. Track pricing versus cost metrics, distribution bias, and ensure pricing aligns with ESG and inclusive standards. Provide pricing input for Fair Value Assessments, Product Reviews, and governance reporting. Develop and maintain pricing dashboards and MI tools to support regulatory readiness and oversight. Approve pricing changes and version controls, and ensure soundness of underlying assumptions. Collaborate with Data and Reinsurance teams to support exposure management and forecasting. Note: Although the role is UK-focused, the team may provide support to non-UK delegated agents as needed-for example, with policy wording reviews. Key Duties Oversight of product delivery and governance for all UK delegated insurance products. Underwriting performance management and oversight across all UK delegated authority portfolios. Resolve product-related queries with partners and internal stakeholders. Act as a technical reference point for underwriting and product-related matters across the business. Skills and Experience Strong communication skills with experience working in cross-functional and cross-regional teams. High level of motivation, responsibility, and a growth mindset. Commitment to collaborative success and delivery of oversight goals alongside diverse stakeholder groups. Strong analytical and organisational skills. Familiarity with the Munich Re Group structure is desirable. In-depth understanding of applicable regulatory frameworks (e.g. Consumer Duty, PROD). Prior experience in product or underwriting roles is essential. Experience in drafting and reviewing policy wording and insurance contracts. Strong background in Retail or Commercial underwriting. Qualifications University degree, or Professional insurance qualifications (e.g. ACII or equivalent) strongly preferred. Working at Great Lakes At Great Lakes, we are committed to providing an engaging, results-driven, and inclusive working environment. We recognise that diversity and collaboration drive innovation and success. We welcome and encourage applications from people of all backgrounds, experiences, and abilities. About us You will work in an environment where we think big: Change and culture are continuously role-modelled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged 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. 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! 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.
About us At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinnedby an effective and adaptablestrategy,superior products and industry leaders working in a supportive environmentto 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. The Head of Claims Strategic Operations is part of the MRS-GM Claims Leadership Team and is a vital role for leading the MRS-GM Claims Department through its transformation journey to adapt to rapidly growing business (across Europe and APAC), changing system environments and operationalising integration initiatives. A key objective will be to drive the Claims Integration through its Systems and Processes phase, while ensuring key infrastructure and systems are established and streamlined in order to create one centralised Claims function. This will include building an in-house Claims Operations functionality with interim and long-term solutions. This leader will also identify plans for standardisation of systems, data, and processes to improve Claims management capabilities, reduce redundancies, and improve serviceability. Further, the Head of Claims Strategic Operations will organise the Claim system landscape and architecture to align with our growing business, which includes prioritising and implementing the roll-out of claim system improvements, new claim systems, collapsing and/or sunsetting of legacy systems, and data migration plans, while ensuring that the core needs of the Claims Department are met throughout system transitions. The Head of Claims Strategic Operations collaborates regularly with Finance, Data & Process Improvement, Analytics, Business Architecture, IT and other MRS-GM stakeholders. Responsibilities: Lead MRSGM Claims Department through a reorganisation and integration to adapt to rapidly growing business and changing system environments by developing strategy, priorities and recommendations. Define and implement KPIs and metrics to measure the success of Claims Operations. Work with the Syndicate Claims Operations team to identify core functionality and maximise operational efficiency, while expediting change delivery for Claims advancements as the portfolio grows. Continuously evaluate and refine claims processes, utilising data and industry best practices to drive efficiency, accuracy, and cost-effectiveness. Identify, prioritise and implement changes with structure, functions, processes, data, and systems to grow and adapt with MRSGM Claims' needs and provide visibility for Claims Management. Build innovative functionality within systems to optimise efficiency and scale in-house handling. Collaborate with Finance, Data & Process Improvement, Analytics, Business Architecture, IT and other MRSGM partners regularly to identify Claims operational objectives and lead workstreams to accomplish the same. Oversee, coordinate and ensure team executes timely internal and external reporting for Company and regulatory requirements. Stay informed of emerging regulations, claims trends, and market conditions, adjusting strategies accordingly. Evaluate multiple legacy systems and incumbent system for optimal functionality to ensure consistent service delivery and customer experience. Communicate operational initiatives, project status, and solutions to key issues to Group Claims Director and the MRSGM Executive Team. 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 BA and/or advanced degree/ Lean six-sigma green belt or above preferred. 10-12 years operations experience, 5 or more of which P&C related. Proven track record of success in leading strategic initiatives and process optimization in a claims environment. Ability to lead through transition with solution-oriented mindset and adaptability. Experience with enterprise-wide systems, automation solutions, and operational best practices. In-depth knowledge and experience with P&C/ Specialty claims operations. Proven ability to manage organizational change, to involve and influence others to accept new ideas or innovative approaches, and lead in a team-based organization. Collaborative and approachable style to work effectively with a multi-functional teams, multiple departments, and foster an environment of shared responsibility and accountability. Analytic and technical ability to oversee develop reports, metrics and improvement plans. University Degree and/or relevant professional qualification 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.
Jul 17, 2025
Full time
About us At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinnedby an effective and adaptablestrategy,superior products and industry leaders working in a supportive environmentto 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. The Head of Claims Strategic Operations is part of the MRS-GM Claims Leadership Team and is a vital role for leading the MRS-GM Claims Department through its transformation journey to adapt to rapidly growing business (across Europe and APAC), changing system environments and operationalising integration initiatives. A key objective will be to drive the Claims Integration through its Systems and Processes phase, while ensuring key infrastructure and systems are established and streamlined in order to create one centralised Claims function. This will include building an in-house Claims Operations functionality with interim and long-term solutions. This leader will also identify plans for standardisation of systems, data, and processes to improve Claims management capabilities, reduce redundancies, and improve serviceability. Further, the Head of Claims Strategic Operations will organise the Claim system landscape and architecture to align with our growing business, which includes prioritising and implementing the roll-out of claim system improvements, new claim systems, collapsing and/or sunsetting of legacy systems, and data migration plans, while ensuring that the core needs of the Claims Department are met throughout system transitions. The Head of Claims Strategic Operations collaborates regularly with Finance, Data & Process Improvement, Analytics, Business Architecture, IT and other MRS-GM stakeholders. Responsibilities: Lead MRSGM Claims Department through a reorganisation and integration to adapt to rapidly growing business and changing system environments by developing strategy, priorities and recommendations. Define and implement KPIs and metrics to measure the success of Claims Operations. Work with the Syndicate Claims Operations team to identify core functionality and maximise operational efficiency, while expediting change delivery for Claims advancements as the portfolio grows. Continuously evaluate and refine claims processes, utilising data and industry best practices to drive efficiency, accuracy, and cost-effectiveness. Identify, prioritise and implement changes with structure, functions, processes, data, and systems to grow and adapt with MRSGM Claims' needs and provide visibility for Claims Management. Build innovative functionality within systems to optimise efficiency and scale in-house handling. Collaborate with Finance, Data & Process Improvement, Analytics, Business Architecture, IT and other MRSGM partners regularly to identify Claims operational objectives and lead workstreams to accomplish the same. Oversee, coordinate and ensure team executes timely internal and external reporting for Company and regulatory requirements. Stay informed of emerging regulations, claims trends, and market conditions, adjusting strategies accordingly. Evaluate multiple legacy systems and incumbent system for optimal functionality to ensure consistent service delivery and customer experience. Communicate operational initiatives, project status, and solutions to key issues to Group Claims Director and the MRSGM Executive Team. 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 BA and/or advanced degree/ Lean six-sigma green belt or above preferred. 10-12 years operations experience, 5 or more of which P&C related. Proven track record of success in leading strategic initiatives and process optimization in a claims environment. Ability to lead through transition with solution-oriented mindset and adaptability. Experience with enterprise-wide systems, automation solutions, and operational best practices. In-depth knowledge and experience with P&C/ Specialty claims operations. Proven ability to manage organizational change, to involve and influence others to accept new ideas or innovative approaches, and lead in a team-based organization. Collaborative and approachable style to work effectively with a multi-functional teams, multiple departments, and foster an environment of shared responsibility and accountability. Analytic and technical ability to oversee develop reports, metrics and improvement plans. University Degree and/or relevant professional qualification 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.
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 a Senior Project Manager, to be based in London or Manchester on a full-time basis, reporting into the Head of Section. Responsibilities: Define and manage project scope, develop project charter, and plan deliverables, times, costs, and resources. Manage, monitor, and report progress against the project plan, ensuring consistent and transparent communication to Management and Executive Leadership. Establish and maintain effective working relationships with all stakeholders and act as the key point of contact for the IAM Team. Identify issues and risks, analyze options, and manage impacts to mitigate delays, taking appropriate action to keep the project on track, leveraging support from stakeholders and management as needed. Manage changes to project scope, budget, and schedule. Establish effective project communication, stakeholder engagement, and reporting mechanisms. Collaborate with business stakeholders and IT teams to find solutions and ensure end-to-end implementation. Perform risk management to minimize potential risks and their negative impacts. Ensure adherence to Munich Re's project management standards. Create and maintain comprehensive project documentation. Knowledge and Skills: Bachelor's Degree in Computer Science, Information Systems, Business Administration, or equivalent work experience. Multiple years of relevant work experience. Experience in IT-related project management, ideally in IAM or IT Security domains. Knowledge of IAM systems and technologies. Strong leadership, communication, structuring, and facilitation skills. Excellent organization and time management skills, with the ability to consider IT risk and security. Ability to work effectively across global entities and cultures. If your experience does not align perfectly with every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for! At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience, enabling us to act braver and better. We value diversity in all its forms and are committed to creating an inclusive environment where everyone has equitable opportunities to succeed. All candidates can request reasonable adjustments at any stage of the recruitment process by contacting Talent Acquisition. Our Commitment to Sustainability and Wellbeing Our ESG strategy supports environmental, social, and governance initiatives, including local community projects and volunteering opportunities. Critical illness insurance, Life Assurance, and Permanent Health Insurance. Wellbeing and Development schemes, EAP, and Health Assessments (subject to eligibility). Electric Vehicle Salary Sacrifice Scheme. Support for professional development and continuing education.
Jul 10, 2025
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 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 a Senior Project Manager, to be based in London or Manchester on a full-time basis, reporting into the Head of Section. Responsibilities: Define and manage project scope, develop project charter, and plan deliverables, times, costs, and resources. Manage, monitor, and report progress against the project plan, ensuring consistent and transparent communication to Management and Executive Leadership. Establish and maintain effective working relationships with all stakeholders and act as the key point of contact for the IAM Team. Identify issues and risks, analyze options, and manage impacts to mitigate delays, taking appropriate action to keep the project on track, leveraging support from stakeholders and management as needed. Manage changes to project scope, budget, and schedule. Establish effective project communication, stakeholder engagement, and reporting mechanisms. Collaborate with business stakeholders and IT teams to find solutions and ensure end-to-end implementation. Perform risk management to minimize potential risks and their negative impacts. Ensure adherence to Munich Re's project management standards. Create and maintain comprehensive project documentation. Knowledge and Skills: Bachelor's Degree in Computer Science, Information Systems, Business Administration, or equivalent work experience. Multiple years of relevant work experience. Experience in IT-related project management, ideally in IAM or IT Security domains. Knowledge of IAM systems and technologies. Strong leadership, communication, structuring, and facilitation skills. Excellent organization and time management skills, with the ability to consider IT risk and security. Ability to work effectively across global entities and cultures. If your experience does not align perfectly with every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for! At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience, enabling us to act braver and better. We value diversity in all its forms and are committed to creating an inclusive environment where everyone has equitable opportunities to succeed. All candidates can request reasonable adjustments at any stage of the recruitment process by contacting Talent Acquisition. Our Commitment to Sustainability and Wellbeing Our ESG strategy supports environmental, social, and governance initiatives, including local community projects and volunteering opportunities. Critical illness insurance, Life Assurance, and Permanent Health Insurance. Wellbeing and Development schemes, EAP, and Health Assessments (subject to eligibility). Electric Vehicle Salary Sacrifice Scheme. Support for professional development and continuing education.
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 Underwriting Assistant to work with us on a full-time basis in London, reporting into the Head of Underwriting Delivery. You will provide accurate, timely and high-quality non-regulated services to various Underwriting Teams, demonstrating care for customers and respect for the obligations of the Company and the Syndicate. Applications for this role will close on 24/02/2025. Responsibilities: Entering data into the in-house S2000 underwriting system, pricing tools and other administration systems as required. Scanning and photocopying of documents, as required. Management and saving of documents. Support the clearing list and accumulation control process, as required. Support the Contract Certainty (CC) process, including completing the CC checklist, when requested. Managing/monitoring electronic placing documentation on platforms such as PPL and Whitespace. Reviewing and managing exception reports on a weekly basis. Reviewing and posting daily premium closing messages in S2000. Assist in managing credit control and aged debt. Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals. Attend relevant meetings within the company. Taking minutes of meetings and any other administrative tasks, as and when required. Providing support in respect of new projects or initiatives, as and when needed. Any other ad-hoc tasks, as necessary. 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 (Prior knowledge is not essential but will place candidates at an advantage) Basic (Level 1) knowledge and understanding of: Underlying Principles of Insurance; Legal Principles; PRA / FCA and rules and regulations, including contract certainty issues; Lloyd's regulations; Demonstrate clear understanding of all company specific procedures that relate to own role; Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the firm; Willingness to continue to develop knowledge of policies and related issues through formal and informal learning, both internally and externally to the firm. Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner. 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. Benefits: 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
Feb 19, 2025
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 Underwriting Assistant to work with us on a full-time basis in London, reporting into the Head of Underwriting Delivery. You will provide accurate, timely and high-quality non-regulated services to various Underwriting Teams, demonstrating care for customers and respect for the obligations of the Company and the Syndicate. Applications for this role will close on 24/02/2025. Responsibilities: Entering data into the in-house S2000 underwriting system, pricing tools and other administration systems as required. Scanning and photocopying of documents, as required. Management and saving of documents. Support the clearing list and accumulation control process, as required. Support the Contract Certainty (CC) process, including completing the CC checklist, when requested. Managing/monitoring electronic placing documentation on platforms such as PPL and Whitespace. Reviewing and managing exception reports on a weekly basis. Reviewing and posting daily premium closing messages in S2000. Assist in managing credit control and aged debt. Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals. Attend relevant meetings within the company. Taking minutes of meetings and any other administrative tasks, as and when required. Providing support in respect of new projects or initiatives, as and when needed. Any other ad-hoc tasks, as necessary. 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 (Prior knowledge is not essential but will place candidates at an advantage) Basic (Level 1) knowledge and understanding of: Underlying Principles of Insurance; Legal Principles; PRA / FCA and rules and regulations, including contract certainty issues; Lloyd's regulations; Demonstrate clear understanding of all company specific procedures that relate to own role; Demonstrate growing understanding of the roles of colleagues and their relationships to the structure and business plans of the firm; Willingness to continue to develop knowledge of policies and related issues through formal and informal learning, both internally and externally to the firm. Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner. 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. Benefits: 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
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. Head of Financial Risk We are currently looking for a Head of Financial Risk to be based in London on a full-time basis, reporting into the Head of Enterprise Risk Management. This individual will drive good industry practices in terms of identification, assessment, and management of financial risks and controls across Munich Re Specialty-Global Markets (MRS-GM) (including insurance, credit, capital, market, climate, and liquidity risk), in support of the Head of ERM, alongside the Head of Non-Financial Risk. Lead the independent validation process for the Munich Re Syndicate Limited (MRSL) Solvency II Internal Model, and confirm compliance with regulatory requirements (Solvency II and Lloyd's) in relation to the Internal Model. Responsibilities: Lead the implementation and embedding of the Financial Risk framework setting out MRS-GM approach to identification, assessment, and management of financial risks and controls in alignment with the MRS-GM enterprise risk management (ERM) framework, strategic objectives, Group, and regulatory requirements. For all MRS-GM businesses, ensure financial risk exposures and associated controls are appropriately monitored and reported on for the required management and legal entity governing bodies to ensure strong business support on key decisions, the appropriate identification and management of key and emerging risks, and compliance with Munich Re, PRA, FCA, and Lloyd's requirements. This includes: providing effective and timely risk management support, challenge, and opinions to the business including on strategic developments, change initiatives, and new products; supporting the development, implementation, and embedding of appropriate risk appetite and other metrics; supporting emerging risk assessments and scenario analysis activities; actively promoting close and harmonious working relationships across the business and developing deep subject matter expertise of specific business areas as required; reporting on the aggregate financial risk profile across MRS-GM including material risk exposures / position against risk appetite, effectiveness of associated control environment and material incidents; supporting ORSA report production process. Review and challenge of validation of MRSL's internal capital model, including risk quantification and aggregation, using established techniques and methodologies. Member and/or attendee of governance, management bodies, and committees, as appropriate and in support of the Head of ERM. Escalating high priority issues or key risks to the Head of ERM, as appropriate. Present and report on a holistic view of Financial Risks and controls to the Risk Committee and the Board. Deputise for the Head of ERM as a contact to the FCA, Lloyd's, Munich Re Group, and other parties regarding Risk Management issues, as appropriate. Knowledge and Skills Offers strong capital modelling experience and/or internal model validation experience. Extensive experience working in the Non-life/ General insurance industry, with Lloyd's and/or London market. Excellent report writing skills, experience of preparing reports and presentations for Senior management / Committee or Board review. Ability to tactfully and appropriately question and challenge the business at all levels (including Senior Management and Directors) and present considered and balanced risk opinions, findings, and recommendations. Has knowledge of Solvency II, is familiar with Lloyd's and Bank of England requirements. Quantitative university degree. Ideally a qualified actuary (FIA) from UK or other recognized body/country. 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!
Feb 18, 2025
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 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. Head of Financial Risk We are currently looking for a Head of Financial Risk to be based in London on a full-time basis, reporting into the Head of Enterprise Risk Management. This individual will drive good industry practices in terms of identification, assessment, and management of financial risks and controls across Munich Re Specialty-Global Markets (MRS-GM) (including insurance, credit, capital, market, climate, and liquidity risk), in support of the Head of ERM, alongside the Head of Non-Financial Risk. Lead the independent validation process for the Munich Re Syndicate Limited (MRSL) Solvency II Internal Model, and confirm compliance with regulatory requirements (Solvency II and Lloyd's) in relation to the Internal Model. Responsibilities: Lead the implementation and embedding of the Financial Risk framework setting out MRS-GM approach to identification, assessment, and management of financial risks and controls in alignment with the MRS-GM enterprise risk management (ERM) framework, strategic objectives, Group, and regulatory requirements. For all MRS-GM businesses, ensure financial risk exposures and associated controls are appropriately monitored and reported on for the required management and legal entity governing bodies to ensure strong business support on key decisions, the appropriate identification and management of key and emerging risks, and compliance with Munich Re, PRA, FCA, and Lloyd's requirements. This includes: providing effective and timely risk management support, challenge, and opinions to the business including on strategic developments, change initiatives, and new products; supporting the development, implementation, and embedding of appropriate risk appetite and other metrics; supporting emerging risk assessments and scenario analysis activities; actively promoting close and harmonious working relationships across the business and developing deep subject matter expertise of specific business areas as required; reporting on the aggregate financial risk profile across MRS-GM including material risk exposures / position against risk appetite, effectiveness of associated control environment and material incidents; supporting ORSA report production process. Review and challenge of validation of MRSL's internal capital model, including risk quantification and aggregation, using established techniques and methodologies. Member and/or attendee of governance, management bodies, and committees, as appropriate and in support of the Head of ERM. Escalating high priority issues or key risks to the Head of ERM, as appropriate. Present and report on a holistic view of Financial Risks and controls to the Risk Committee and the Board. Deputise for the Head of ERM as a contact to the FCA, Lloyd's, Munich Re Group, and other parties regarding Risk Management issues, as appropriate. Knowledge and Skills Offers strong capital modelling experience and/or internal model validation experience. Extensive experience working in the Non-life/ General insurance industry, with Lloyd's and/or London market. Excellent report writing skills, experience of preparing reports and presentations for Senior management / Committee or Board review. Ability to tactfully and appropriately question and challenge the business at all levels (including Senior Management and Directors) and present considered and balanced risk opinions, findings, and recommendations. Has knowledge of Solvency II, is familiar with Lloyd's and Bank of England requirements. Quantitative university degree. Ideally a qualified actuary (FIA) from UK or other recognized body/country. 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!
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. Please see our website for more information. Senior Business Analyst This Senior Business Analyst role will be an integral member of the delivery team working closely with stakeholders across the business to support delivery of outcomes to drive business value. Facilitation and translation of business requirements into easily understandable deliverables along with mapping out future state processes and operating models is key to ensuring successful outcomes. Understanding technology landscapes and vendors across ecosystems with varying degrees of complexity will be required in determining appropriate solutions to fit requirements. Ability to adapt to all different sizes and types of projects will be essential as you help our partners and internal stakeholders navigate their way through all elements of new processes and ways of working, business case creation, ideation, and feasibility. Responsibilities Capture, define, prioritise, document and explain business requirements based on project objectives and outcomes. Work in alignment with external partners' ways of working including specific tools e.g. JIRA/Confluence/DevOps. Provide expertise across ecosystem builds including any technical integrations and liaison with third party providers where applicable. Contribute to product roadmaps and backlog refinement/requirements/story elaboration. Responsible for mapping of end-to-end customer journey and process flows to support target state operating models. Produce and manage requirements/user stories and acceptance criteria. Ensure interfaces between all partners, service providers, and internal stakeholders are understood, meet requirements, and work seamlessly through extensive testing (where required). Support internal project workstreams with elaborating requirements encompassing product, pricing, finance, operations, data, and all touchpoints of a customer journey. Work in alignment with testing colleagues to define test scope and strategy and support with test execution where required. Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role. Help drive forward good conduct for the business to deliver the best outcomes for customers/policyholders. Knowledge and Skills Aware of contractual obligations in relation to TPAs. Knowledge of the insurance market and how ecosystems are structured within it. Experience with Agile and Waterfall methodologies. Ability to switch between strategic level and a detailed level. Knowledge of the Software Development Lifecycle. Experience conforming product definition to regulatory compliance requirements. Hybrid working - Commutable distance to London, Manchester, or Birmingham local office. 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. 25 days Annual Leave + bank holidays. 10% Non-contributory Pension. Eligibility for an Annual Bonus. Private Medical + Dental Insurance. 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.
Feb 13, 2025
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. Please see our website for more information. Senior Business Analyst This Senior Business Analyst role will be an integral member of the delivery team working closely with stakeholders across the business to support delivery of outcomes to drive business value. Facilitation and translation of business requirements into easily understandable deliverables along with mapping out future state processes and operating models is key to ensuring successful outcomes. Understanding technology landscapes and vendors across ecosystems with varying degrees of complexity will be required in determining appropriate solutions to fit requirements. Ability to adapt to all different sizes and types of projects will be essential as you help our partners and internal stakeholders navigate their way through all elements of new processes and ways of working, business case creation, ideation, and feasibility. Responsibilities Capture, define, prioritise, document and explain business requirements based on project objectives and outcomes. Work in alignment with external partners' ways of working including specific tools e.g. JIRA/Confluence/DevOps. Provide expertise across ecosystem builds including any technical integrations and liaison with third party providers where applicable. Contribute to product roadmaps and backlog refinement/requirements/story elaboration. Responsible for mapping of end-to-end customer journey and process flows to support target state operating models. Produce and manage requirements/user stories and acceptance criteria. Ensure interfaces between all partners, service providers, and internal stakeholders are understood, meet requirements, and work seamlessly through extensive testing (where required). Support internal project workstreams with elaborating requirements encompassing product, pricing, finance, operations, data, and all touchpoints of a customer journey. Work in alignment with testing colleagues to define test scope and strategy and support with test execution where required. Plus any additional duties and responsibilities that may reasonably be expected to be undertaken in accordance with the role. Help drive forward good conduct for the business to deliver the best outcomes for customers/policyholders. Knowledge and Skills Aware of contractual obligations in relation to TPAs. Knowledge of the insurance market and how ecosystems are structured within it. Experience with Agile and Waterfall methodologies. Ability to switch between strategic level and a detailed level. Knowledge of the Software Development Lifecycle. Experience conforming product definition to regulatory compliance requirements. Hybrid working - Commutable distance to London, Manchester, or Birmingham local office. 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. 25 days Annual Leave + bank holidays. 10% Non-contributory Pension. Eligibility for an Annual Bonus. Private Medical + Dental Insurance. 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.
Senior Terrorism & Political Violence Underwriter 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 Terrorism & Political Violence Underwriter We are currently looking for a Senior Underwriter to be based in London on a full-time basis, reporting into the Group Head of Terrorism & PV. You will ensure the prudent underwriting of quality business in line with the business plan to facilitate maximum return of profit while maintaining the firm's reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm. Responsibilities: Assist in the creation and delivery of the business plan for the Political Violence team and be a driving force of the underwriting, accountable for ensuring targeted income levels are met throughout the year and growth targets are met year-on-year. Underwrite Political Violence risks, 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; Establish and run projects and initiatives such as new sub-classes and products to serve clients and diversify the portfolio from both a risk and income perspective. Conduct book review as well as regular monitoring and portfolio management to ensure the business plan is being executed. Monitor recording of all aggregate and reporting information. Review slips and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority. Make written records of all conversations with customers, both internal and external, in accordance with the firm's procedures manual. Negotiate new wordings and structures, ensuring clients' needs are serviced and regulatory requirements met, whilst preserving a prudent risk appetite, in line with the syndicate and team's underwriting strategy. Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals. Ensure that all contract certainty issues are addressed for all relevant risks; Review and administer existing contracts and make amendments in line with MRSG's underwriting philosophy; Monitor recording of risk entry and amend where appropriate; Ensure that Peer Review Group see appropriate information and respond to PRG queries relating to the Political Violence Account. Knowledge and Skills Advanced knowledge and understanding of: Underwriting Principles; Legal Principles; FCA and Lloyd's rules and regulations including contract certainty issues; All company specific procedures that relate to own role and role of those employees that you are supervising; Political Violence risks 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.
Feb 11, 2025
Full time
Senior Terrorism & Political Violence Underwriter 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 Terrorism & Political Violence Underwriter We are currently looking for a Senior Underwriter to be based in London on a full-time basis, reporting into the Group Head of Terrorism & PV. You will ensure the prudent underwriting of quality business in line with the business plan to facilitate maximum return of profit while maintaining the firm's reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm. Responsibilities: Assist in the creation and delivery of the business plan for the Political Violence team and be a driving force of the underwriting, accountable for ensuring targeted income levels are met throughout the year and growth targets are met year-on-year. Underwrite Political Violence risks, 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; Establish and run projects and initiatives such as new sub-classes and products to serve clients and diversify the portfolio from both a risk and income perspective. Conduct book review as well as regular monitoring and portfolio management to ensure the business plan is being executed. Monitor recording of all aggregate and reporting information. Review slips and/or other information/literature, exercising own judgment, based on knowledge and experience, acting within own limits of authority. Make written records of all conversations with customers, both internal and external, in accordance with the firm's procedures manual. Negotiate new wordings and structures, ensuring clients' needs are serviced and regulatory requirements met, whilst preserving a prudent risk appetite, in line with the syndicate and team's underwriting strategy. Ensure that company procedures and systems are followed and maintained, as per procedure and compliance manuals. Ensure that all contract certainty issues are addressed for all relevant risks; Review and administer existing contracts and make amendments in line with MRSG's underwriting philosophy; Monitor recording of risk entry and amend where appropriate; Ensure that Peer Review Group see appropriate information and respond to PRG queries relating to the Political Violence Account. Knowledge and Skills Advanced knowledge and understanding of: Underwriting Principles; Legal Principles; FCA and Lloyd's rules and regulations including contract certainty issues; All company specific procedures that relate to own role and role of those employees that you are supervising; Political Violence risks 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.
At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we're committed to building a strong and inclusive culture where everyone is welcomed and valued for their "own expression of self-identity". About us MRSG 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 Legal Counsel Hybrid working - Commutable distance to London, Manchester or Birmingham local office. As a Senior Legal Counsel of the Munich Re Specialty- Global Markets Legal Team, you will be a trusted advisor to the business on cross-disciplinary legal issues within the MRSG Group, focused on overseeing legal matters specific to the European region, and managing legal risks in European business operations. This includes strategic projects, distribution and partnership contracts, underwriting, corporate structure and commercial contracts, regulatory and compliance support. As a senior member of the team, you have the ability to work autonomously but thrive in a team environment, including through supporting, mentoring and developing other members of the team. Responsibilities Advise the Lloyd's managing agent Munich Re Syndicate Limited, on business written by Lloyd's Syndicate 457 as well as by Syndicate 5306 on behalf of Lloyd's Europe. Advise MRS GM's network of service companies in the UK, Europe (specifically Ireland, Spain, Germany), APAC and MENA regions. Support the business on strategic project work and commercial transactions, incl. providing advice to the business, committees and C-suite as required, engaging with key business stakeholders at all levels of the organisation as well as internationally to deliver on global goals. Provide legal advice to the CEO and Exco members to support Head of Primary Specialty with a key focus on establishing and supporting the business. Give advice on related matters such as corporate structure, governance, the establishment of new products and services, press and marketing as well as identifying any significant legal exposures, provide legal updates to the business. Provide legal advice around EU Law and Regulatory Framework on Insurance distribution, as well as, considering Irish, Spanish, and German regulatory requirements. Routinely managing external counsel instructions on matters of English, Irish, and Spanish insurance law, corporate law, general contract law, tax law, and other legal issues relevant to entering European markets. Regular coordination and liaison with other members of the MR Primary Specialty Group globally. Advise on and co-ordinate provision of advice on (re)insurance law issues including wordings, delegation and distribution contracts. Deliver expert advice in commercial and corporate contract issues to include optimising approach to intra-group structure and third-party service provision and contracts. Provide strong drafting and negotiation skills to develop standard form and bespoke documentation and contracts. Work with and support Compliance, Risk, Corporate Secretarial, and Data Protection functions and external legal counsel to ensure compliance with local law, regulation, and Munich Re policies. Knowledge and Skills Experience working in-house. Background and specialisation in insurance law. Good understanding and experience working with the insurance industry. Comprehensive understanding of legislative, regulatory and competitive environment in the insurance industry. Experience of both Lloyd's market (UK and Europe) and company market insurance. M&A experience. Familiarity with the impact of European law and regulatory framework on insurance distribution is required. Understanding of CBI regulatory framework is desirable. Experience working in an international and multicultural environment, preferably within the European Economic Area. Excellent communication skills; ability to gain the confidence of senior business stakeholders and peers. Commercial awareness and experience balancing commercial opportunity with corporate risk. Your career with us At MRSG, 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! Diversity & Inclusion Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all. Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.
Feb 07, 2025
Full time
At Munich Re Specialty Group (MRSG), individuality and intellectual curiosity is a key driver for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we're committed to building a strong and inclusive culture where everyone is welcomed and valued for their "own expression of self-identity". About us MRSG 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 Legal Counsel Hybrid working - Commutable distance to London, Manchester or Birmingham local office. As a Senior Legal Counsel of the Munich Re Specialty- Global Markets Legal Team, you will be a trusted advisor to the business on cross-disciplinary legal issues within the MRSG Group, focused on overseeing legal matters specific to the European region, and managing legal risks in European business operations. This includes strategic projects, distribution and partnership contracts, underwriting, corporate structure and commercial contracts, regulatory and compliance support. As a senior member of the team, you have the ability to work autonomously but thrive in a team environment, including through supporting, mentoring and developing other members of the team. Responsibilities Advise the Lloyd's managing agent Munich Re Syndicate Limited, on business written by Lloyd's Syndicate 457 as well as by Syndicate 5306 on behalf of Lloyd's Europe. Advise MRS GM's network of service companies in the UK, Europe (specifically Ireland, Spain, Germany), APAC and MENA regions. Support the business on strategic project work and commercial transactions, incl. providing advice to the business, committees and C-suite as required, engaging with key business stakeholders at all levels of the organisation as well as internationally to deliver on global goals. Provide legal advice to the CEO and Exco members to support Head of Primary Specialty with a key focus on establishing and supporting the business. Give advice on related matters such as corporate structure, governance, the establishment of new products and services, press and marketing as well as identifying any significant legal exposures, provide legal updates to the business. Provide legal advice around EU Law and Regulatory Framework on Insurance distribution, as well as, considering Irish, Spanish, and German regulatory requirements. Routinely managing external counsel instructions on matters of English, Irish, and Spanish insurance law, corporate law, general contract law, tax law, and other legal issues relevant to entering European markets. Regular coordination and liaison with other members of the MR Primary Specialty Group globally. Advise on and co-ordinate provision of advice on (re)insurance law issues including wordings, delegation and distribution contracts. Deliver expert advice in commercial and corporate contract issues to include optimising approach to intra-group structure and third-party service provision and contracts. Provide strong drafting and negotiation skills to develop standard form and bespoke documentation and contracts. Work with and support Compliance, Risk, Corporate Secretarial, and Data Protection functions and external legal counsel to ensure compliance with local law, regulation, and Munich Re policies. Knowledge and Skills Experience working in-house. Background and specialisation in insurance law. Good understanding and experience working with the insurance industry. Comprehensive understanding of legislative, regulatory and competitive environment in the insurance industry. Experience of both Lloyd's market (UK and Europe) and company market insurance. M&A experience. Familiarity with the impact of European law and regulatory framework on insurance distribution is required. Understanding of CBI regulatory framework is desirable. Experience working in an international and multicultural environment, preferably within the European Economic Area. Excellent communication skills; ability to gain the confidence of senior business stakeholders and peers. Commercial awareness and experience balancing commercial opportunity with corporate risk. Your career with us At MRSG, 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! Diversity & Inclusion Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all. Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.
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. Legal Counsel Hybrid working - Commutable distance to London, Manchester or Birmingham local office. As part of the legal function you will support the business in managing all legal issues within all legal entities of the Munich Re Specialty Group to include strategic projects, distribution contracts, underwriting, wordings, reinsurance, service contracts, regulatory and compliance support. Responsibilities You will advise the Lloyd's managing agent Munich Re Syndicate Limited, on business written by Lloyd's Syndicate 457 as well as by Syndicate 5306 on behalf of Lloyd's Europe. Provide advice on (re)insurance law issues across MR Primary Specialty GSI4 Group globally including wordings, delegation and distribution contracts. Negotiate and draft commercial contracts including intra-group and third party service agreements. Support and advise the business on non-claims litigation, ECO claims, investigations and other contentious matters. Work with and support Compliance on regulatory matters and complex sanctions underwriting and claims issues. Provide legal support to Munich Re Specialty Global Markets' UK and international distribution channels including in relation to Lloyd's Europe. Work with the Corporate Underwriting Department in Head Office in Germany to ensure all relevant group guidelines understood and implemented across MRSG. Provide advice to and liaise with Wordings Experts to maintain wordings and processes in accordance with group wide policies. Develop and draft template contracts and other processes aimed at achieving consistency and streamlining provision of legal advice. Undertake targeted legal research whilst being able to deliver commercially on-point advice. Stay informed of legal and regulatory developments, perform horizon scanning to promote knowledge sharing across the team and training to the wider business. Support the Legal team in identifying any significant legal exposures, provide legal updates to the business and where appropriate manage external counsel instructions. Participate in London Market initiatives where required. 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 Qualified Lawyer in England and Wales with mid PQE with litigation/coverage background. Background and specialisation in insurance law. Good understanding and experience working with the insurance industry, ideally Lloyd's Market. Comprehensive understanding of legislative, regulatory and competitive environment including consumer products. Good motivational and effective time management skills. Strong drafting, written and verbal communication, attention to detail and negotiation skills. Education and Professional Qualifications University Law Degree or equivalent. 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. Benefits 25 days Annual Leave + bank holidays. 10% Non-contributory Pension. Eligibility for an Annual Bonus. Private Medical + Dental Insurance. 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.
Feb 06, 2025
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. Legal Counsel Hybrid working - Commutable distance to London, Manchester or Birmingham local office. As part of the legal function you will support the business in managing all legal issues within all legal entities of the Munich Re Specialty Group to include strategic projects, distribution contracts, underwriting, wordings, reinsurance, service contracts, regulatory and compliance support. Responsibilities You will advise the Lloyd's managing agent Munich Re Syndicate Limited, on business written by Lloyd's Syndicate 457 as well as by Syndicate 5306 on behalf of Lloyd's Europe. Provide advice on (re)insurance law issues across MR Primary Specialty GSI4 Group globally including wordings, delegation and distribution contracts. Negotiate and draft commercial contracts including intra-group and third party service agreements. Support and advise the business on non-claims litigation, ECO claims, investigations and other contentious matters. Work with and support Compliance on regulatory matters and complex sanctions underwriting and claims issues. Provide legal support to Munich Re Specialty Global Markets' UK and international distribution channels including in relation to Lloyd's Europe. Work with the Corporate Underwriting Department in Head Office in Germany to ensure all relevant group guidelines understood and implemented across MRSG. Provide advice to and liaise with Wordings Experts to maintain wordings and processes in accordance with group wide policies. Develop and draft template contracts and other processes aimed at achieving consistency and streamlining provision of legal advice. Undertake targeted legal research whilst being able to deliver commercially on-point advice. Stay informed of legal and regulatory developments, perform horizon scanning to promote knowledge sharing across the team and training to the wider business. Support the Legal team in identifying any significant legal exposures, provide legal updates to the business and where appropriate manage external counsel instructions. Participate in London Market initiatives where required. 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 Qualified Lawyer in England and Wales with mid PQE with litigation/coverage background. Background and specialisation in insurance law. Good understanding and experience working with the insurance industry, ideally Lloyd's Market. Comprehensive understanding of legislative, regulatory and competitive environment including consumer products. Good motivational and effective time management skills. Strong drafting, written and verbal communication, attention to detail and negotiation skills. Education and Professional Qualifications University Law Degree or equivalent. 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. Benefits 25 days Annual Leave + bank holidays. 10% Non-contributory Pension. Eligibility for an Annual Bonus. Private Medical + Dental Insurance. 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.
We are looking for smart, curious and ambitious graduates or postgraduates to join our expert actuarial teams of technical specialists in all areas of the UK and Ireland life insurance industry. We will provide full study support and encouragement to help you throughout your actuarial exams and to qualify as an Actuary. Further on and off the job training will advance your technical abilities and soft skills to develop you into a leading life insurance professional. Application closes Friday 29th October 2021.
Dec 01, 2021
Full time
We are looking for smart, curious and ambitious graduates or postgraduates to join our expert actuarial teams of technical specialists in all areas of the UK and Ireland life insurance industry. We will provide full study support and encouragement to help you throughout your actuarial exams and to qualify as an Actuary. Further on and off the job training will advance your technical abilities and soft skills to develop you into a leading life insurance professional. Application closes Friday 29th October 2021.