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Managing Director, MRS-GM UK&I

Location London, United Kingdom Job type Full-Time Work mode Hybrid Job level Management & Leadership Job ID 9139 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.

Managing Director, MRS-Global Markets, UK & Ireland

  • Overall responsibility for growing MRS-GM’s presence in the Irish market
  • Ensure that MRS-GM employs effective underwriting and distribution teams that support and comply with the business plan for Ireland and that Line of Business are profitably underwritten
  • To generate maximum return on investment for MRS-GM while maintaining our reputation and integrity, demonstrating care for clients and respect for our regulatory obligations

Responsibility

General Responsibility

  • In close collaboration with the CEO MRS-GM Europe and other Senior Management, create and execute a comprehensive, scalable and sustainable strategy for the Irish market, growing the business to EUR ~50m in 5 years (from today’s ca. EUR 15m)
  • Further strengthen existing and explore new relationships with global, regional and local brokers to drive business inflow
  • Further develop and grow our “boots on the ground” – develop the existing local team and build further underwriting and distribution bench-strength as required
  • Further develop and refine the existing operating model in terms of scalability and efficiency, in line with our wider European setup
  • Proactively engage with all stakeholders internationally and in Munich to ensure that all UW and business best practices are known and applied

Leadership: 

  • Embodying the brand of MRS-GM, be the face and voice of business in Ireland
  • Recruit, lead and motivate staff to execute our Irish business strategy
  • Support staff development by objective-setting via a continuous conversations approach.  
  • Co-ordinate and manage underwriting and distribution teams to achieve business objectives and targets, ensuring that they fulfil operational and regulatory requirements
  • As part of our European setup, ensure knowledge-sharing and industry best practice to further develop our underwriting capabilities and the knowledge of our staff 

Business development:

  • Further strengthen existing and explore new relationships with global, regional and local brokers, key clients and Great Lakes to secure new and renewal business
  • Conduct and develop effective relationships with local and regional market peers, to keep abreast of market developments that may affect our business effectiveness;
  • Produce management reports on a regular basis
  • Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals;
  • Conduct peer review, ensuring compliance with the business plan and adherence to authority limits.
  • Help drive good conduct for the business to deliver the best outcomes for clients.

Skills & Experiences Required

  • Extensive, proven experience as a successful business leader in the primary insurance industry, with a sustained record of business development execution, in particular of delivering results internally and value to clients.
  • An influential business leader, well-connected and highly regarded within the Irish insurance market with an existing portfolio of strong broker relationships.
  • Demonstrate knowledge and skills within a regulated financial services business to become the approved person in the role.
  • Entrepreneurial, can-do attitude, naturally curious about “what’s next”
  • Strong market awareness, implementing innovative changes that impact our business positively
  • Ability to develop and articulate strategic plans to gain and maintain market share, and to inspire teams to achieve ambitious goals.
  • Ability to gain credibility with senior individuals, through technical and business leadership combined with professional integrity, both within and outside of the company.
  • A multicultural and international mindset with excellent people, change and conflict management skills, and strong emotional intelligence - this person will be the “glue” that holds the Irish operation together (and be the face of it)
  • Solution-oriented and commercial – “how can we make this work” rather than “I have to follow procedure”
  • Ability to consistently exercise sound judgment and solve complex problems through a combination of analysis, wisdom, judgment, and experience.
  • Fluent in English, written and spoken – other European languages are a plus
  • 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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