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Senior Fine Art & Specie Underwriter

Location London, United Kingdom Job type Full-Time Work mode Hybrid Job level Professional Job ID 10538 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.

Senior Fine Art & Specie 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 Fine Art & Specie

This role is to deliver underwriting of quality business, in line with the business plan, to optimize 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:

  • To underwrite Specie and Fine Art risks in accordance with the Business Plan;
  • Assist in the underwriting of business via the Service Company network;
  • To conduct and develop effective relationships, both with peers and brokers, with a view to writing new business and developing new products that falls within the Group appetite;
  • Monitor the recording of data, aggregates, pricing and income flows and produce analysis and support where applicable;
  • Assist in the production and review of the business plans;
  • Assist in the quarterly reserving process;
  • Report preparation for internal and external meetings;
  • Undertake peer review in accordance with the peer review process;

Knowledge and Skills

  • Specie and Fine Art underwriting class
  • Underwriting Principles;
  • Legal Principles;
  • FCA and Lloyd’s rules and regulations including contract certainty issues;

It would also be advantageous if you offered some knowledge and understanding of:

  • Cargo
  • Financial Lines
  • Contingency
  • War and political risks
  • Reinsurance

University Degree and/or relevant professional qualification would be considered advantageous

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!

#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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