Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Surety Reinsurance Underwriter

Location Munich, Germany Date posted 09/26/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 9480 Company Munich Re America Employment type Regular Area of expertise Claims & Underwriting
Apply Now

The Company is open to considering candidates in NYC and Princeton. 

We’re 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.  We will consider a range of experience for this role and the offer will be commensurate with that.

The Company

As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive – from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products. 

The Opportunity


Future focused and always one step ahead.

The Surety Underwriter will be responsible for profitably underwriting treaty and facultative business, while coordinating underwriting and marketing activities for new and renewal opportunities in line with the Credit & Surety team’s risk appetite and client strategy.

Responsibilities

  • Independently underwrite surety reinsurance treaty business, special acceptances, and facultative opportunities to determine appropriate terms, conditions, and structures. Provide expert recommendations to team lead/management to achieve successful results.
  • Work closely with pricing analyst providing underwriting expertise, insights, and in-depth client knowledge to assure that treaty pricing achieves overall financial and portfolio goals.
  • Collaborate closely with credit & surety team members, claims and business development to achieve overall portfolio goals/objectives.
  • Proven team player who collaborates cross-functionally with colleagues, engages in industry meetings to stay ahead of market trends, and leads or supports high-impact projects that shape and drive underwriting strategy, managing or materially supporting projects of strategic importance.
  • Review contract and endorsement wordings and ensure accuracy, in conjunction with contract writers.
  • Actively undertake underwriting file reviews (whether in-person or virtually), and provide audit reports, as required.
  • Provide supervision, advice, training, coaching, and mentoring to less experienced underwriters to support their growth and development.
  • Demonstrate excellent negotiation, communication, and presentation skills to build strong relationships with brokers, clients, and colleagues.

Qualifications

  • Bachelor's degree or higher. Advanced designations, CPCU, ARe preferred.
  • At least 10+ years of experience in (re)insurance, with 5+ years of surety related underwriting, preferably within primary U.S. Surety.
  • In-depth knowledge of primary Surety principles and procedures.
  • In-depth knowledge of reinsurance principles and procedures preferred. Candidates with strong primary Surety knowledge should not hesitate to apply.
  • Thorough knowledge of financial statements and financial analysis.
  • Ability to explain complex transaction structures to both technical and non-technical audiences.
  • Strong interpersonal and social skills as well as strong negotiation, communication and presentation skills
  • Willingness to travel for audits and clients and broker visits (approx. 25-35% of time)
  • Ability to mentor junior underwriters and share technical knowledge across the team
  • Interest in long-term growth and stability within the role

The Company is open to considering candidates in numerous locations, including NYC and Princeton. The salary range posted below reflects market variations across various locations. This role is designated for either Princeton or NYC and reflects multiple geographies. The offer will be adjusted per geography.

The base salary range anticipated for this position is $182,100 - $290,300, 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 New York City job market.  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.

#LI-MB1

Apply Now

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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.