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Group Head of Fine Art & Specie

Location Munich, Germany Date posted 09/29/2025 Job type Full-Time Work mode Hybrid Job level Management & Leadership Job ID 9657 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.

Group Head of Fine Art & Specie

To define and deliver the Underwriting Strategy for the Global FAS product, working closely with the London and regional teams to support the execution of this strategy whilst ensuring an inclusive culture is maintained at all times

Responsibilities:

  • To support, challenge and lead the FAS underwriting teams in delivering on the short term plans and longer term ambitions of the product, in close collaboration with the Claims, Pricing and all key non-underwriting functions. The role has P&L responsibility.
  • Maintain regular, structured and data led meetings with the teams to monitor and manage performance against plan, ensure the business complies with all sanctions & compliance requirements, aligns with the agreed risk appetite for the product and is being underwritten in a way that is price adequate at the portfolio level
  • Act as a point of referral for all risks that present an enhanced risk to the business, either due to size of limit, length of policy period, underlying risk profile and/ or any other metric that warrants heightened attention
  • Be an active and empowered voice within the Marine, Engineering and Special Risks leadership team and live the values of the broader Munich Re Specialty Global Markets business
  • Be a collaborative leader across all entities within Munich Re and ensure client focus is prioritised at all times
  • Represent the global product to the multiple stakeholders contributing to our business, both internally and externally. This includes clients, coverholders and brokers as well as treaty reinsurers, Lloyd’s and the internal senior management of GSI, Munich Re Specialty and Munich Re
  • Potential requirement to be a representative on one (or more) of the Boards connected to the Munich Re Specialty Global Markets business
  • Whilst maintaining close attention to the Munich Re expense policy, be a visible leader in offices writing, or considering to write, FAS
  • Work closely with the Exposure Management and the Ceded Reinsurance teams with a focus on the aggregates for the product, the Lloyd’s and Munich RDS outputs and ensure the Treaty Reinsurance programme remains appropriate
  • Encourage the FAS underwriters to operate in a “paper agnostic” manner and support both our Lloyd’s and non-Lloyd’s platforms where appropriate, notably in our Commercial expansion across Europe and APAC
  • 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

Advanced level knowledge and understanding of:

  • Fine Art & Specie Insurance  

Intermediate level knowledge and understanding of:

  • Insurance Underwriting Principles
  • Legal Principles in Insurance
  • FCA and Lloyd’s rules and regulations including contract certainty issues
  • All company specific procedures that relate to the role and role of those employees that you are supervising
  • Global insurance markets
  • Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Firm;
  • Develop and maintain market awareness;
  • Willingness to continue to develop knowledge of products, underwriting and related issues through formal and informal learning, both internally and externally to the firm.

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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