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Binding Authority Underwriter/Vice President

Location Munich, Germany Date posted 09/26/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 9460 Company Munich Re Specialty - North America Employment type Regular Area of expertise Claims & Underwriting
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Binding Authority Underwriter/Vice President

The Company is open to considering candidates in numerous locations, including Hartford (CT), Chicago (IL), New York City (NYC), Philadelphia (PA), Princeton (NJ), Atlanta (GA), Richmond (VA), Scottsdale (AZ), and San Francisco (CA).

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Company

Welcome to Munich Re Specialty - North America, a leading specialty insurance provider dedicated to delivering exceptional underwriting, claims, and risk management expertise to our partners and customers. As a trusted industry expert, we offer a broad range of comprehensive and customized solutions, including casualty, professional lines, property, surety, and public entity coverages. With the financial strength and global resources of our A+ Superior (A.M. Best) rated organization, we provide unmatched stability and reliability. Our team is committed to superior service levels, a distinctive approach to specialty solutions, and a deep understanding of the complex risks our clients face. Join our team and be part of a dynamic and experienced organization that is shaping the future of specialty insurance in North America.

The Opportunity

Future focused and always one step ahead!

We are seeking a seasoned Binding Authority Underwriter / Vice President to lead the profitability and strategic growth of assigned delegated authority contracts within our MRSNA – Binding division. This role is responsible for managing key MGA relationships, ensuring underwriting excellence, and maintaining strong alignment with organizational objectives.

Responsibilities:

•    Serve as the primary owner of profitability, performance, and growth for assigned MGA contracts and relationships.
•    Maintain proactive communication with clients to monitor their engagement and our relevance within their underwriting strategy.
•    Lead underwriting reviews of assigned MGAs and support additional reviews across the team.
•    Monitor and adjust CAT aggregate usage in coordination with London-based colleagues.
•    Manage risk referrals exceeding contract authority or appetite for the assigned client relationships.
•    Support onboarding efforts for new client relationships and contracts.
•    Take a lead role in the annual planning process for assigned contracts.
•    Contribute to the periodic evaluation and revision of target underwriting classes across the Binding portfolio.
•    Collaborate effectively with internal stakeholders including Claims, IT, and Accounting to address specific client and company objectives. 
•    Coordinate activities with in-house and Lloyd’s market facilities as necessary.

Qualifications:

•    Minimum 10 years of experience in Property & Casualty underwriting; small account business a strong plus.
•    Ability to work within a data-rich environment to identify loss trends within the portfolios of assigned MGAs.  
•    Strong background in Surplus Lines preferred.
•    Proficiency in interpreting and applying ISO and manuscript coverage forms.
•    Ability to review and audit policy and underwriting files for accuracy and compliance.
•    Prior experience working with cross-functional teams, including IT, Claims, and Accounting.
•    Strong research and technical problem-solving skills.
•    Demonstrated ability to negotiate and influence customer actions to achieve underwriting and compliance goals.
•    Strong working knowledge of Microsoft Outlook, Teams, Word, Excel, and PowerPoint.
•    Excellent organizational and interpersonal communication skills.
•    Self-starter with the ability to manage priorities independently.
•    Industry designations (e.g., CPCU, AU, CIC) or an active insurance license is highly desirable.
•    Experience with regulatory and compliance matters related to delegated authority contracts is a plus.
•    Existing relationships within the WSIA community are preferred.

•    Willingness to travel:  25 - 50%

The Company is open to considering candidates in numerous locations, including Hartford, Chicago New York City (NYC), Philadelphia, Princeton, and San Francisco. The salary range posted below reflects market variations across various locations. This role is designated for either Hartford, Chicago New York City (NYC), Princeton, or San Francisco and reflects multiple geographies. The offer will be adjusted per geography.

The base salary range anticipated for this position is $135,600-$226,100, plus opportunity for company bonus based upon a percentage of eligible pay.  In addition, the company makes available a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays and paid time off (PTO).  

The salary estimate is adjusted to reflect the varying market conditions across different locations, with the with the higher end being more aligned with the NYC and San Francisco job markets. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

At Munich Re, we see Diversity, Equity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.   

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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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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