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Head of Construction Underwriting, Germany

Location Frankfurt am Main, Germany Job type Full-Time Work mode Hybrid Job level Professional Job ID 10898 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Claims & Underwriting
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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.

Head of Construction Underwriting, Germany

Munich Re Specialty was formed as a stand-alone division in 2023, and brings together the wider Munich Re group’s primary specialty business units. Complementing an already strong presence in the UK and the US, Munich Re Specialty – Global Markets (MRSGM) has been tasked with executing a wider plan to build a broader European footprint.

In order to successfully establish and profitably grow our Construction business in the German market, we are looking for a Head of Construction UW, Germany to join our team.

We are searching for an exceptional individual with a proven track-record of growth and profitable underwriting in Construction LoB in the German market. Ideally, our successful candidate has experience across both Retail (non-Wholesale) and Wholesale business – having underwritten business regionally in Germany. Knowledge of Lloyd’s of London UW practices would be a benefit.

An entrepreneurial spirit is a must, with a high degree of comfort in building a business presence from scratch and preparedness to roll up the sleeves for tasks both big and small.

Responsibilities:

  • Direct and manage overall technical underwriting for Construction activities for MRSGM in Germany while assuring that a high level of technical proficiency is achieved in all areas.
  • Responsible for product development together with the Head of Underwriting Germany, Product CUOs and Product Heads to deliver new product rates, rules and policy forms and the maintenance, consistency of existing product rates, rules and policy forms.
  • In close collaboration with the Head of Underwriting Germany and Product CUOs, manage the Construction portfolio in Germany to achieve the business mix and performance goals as established by the Group Head of Engineering.
  • Maintain and execute the Construction underwriting authority delegation and referral processes in Germany.
  • Monitor insurance market trends and developments in Germany in order to make adjustments as appropriate to underwriting policy and strategy.

Coach and lead a high performance Construction underwriting team; play an integral part in the attraction, recruitment and retention of required talents.

  • Conduct and develop effective relationships with insureds and brokers, to both strengthen existing trading relationships and secure new business that falls within the Underwriting business plan.

Knowledge and Skills

  • Demonstrated ability in an executive leadership position, ideally as Head of Construction UW
  • In-depth knowledge of exposure and experience rating processes
  • Excellent people skills, including stakeholder management
  • Possess personal qualities of integrity, credibility, and commitment to corporate mission
  • Strong negotiation skills
  • Excellent communication (written, verbal and presentation), interpersonal and networking skills with all levels of organizations
  • Strategic and forward-thinking with a proven track-record of general business management, including planning and forecasting
  • Language skills, German and English are a must.
  • Extensive primary insurance underwriting experience
  • People management experience
  • University degree and/or relevant professional qualification

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!

#BePresent #BeBold #BeCurious

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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