Engineering Underwriter

Company
Great Lakes Insurance SE
Location
London, United Kingdom

Together, we engage with everything we have and are, to help humankind act braver and better.

About Facultative & Corporate:

Munich Re’s large, international network of experts places us in a strong position to develop solutions for highly complex risks. The sectors we serve and the solutions we offer are diverse, but they all share one thing in common: the substantial financial foundation of Munich Re. The industrial insurance arm of Munich Re Group, which means our clients are multinational corporations. We write both traditional and non-traditional insurances through 6 lines of business; namely, Property, Energy, Casualty, Engineering, Cyber and what we term Special Enterprise Risks.

About the role:

The role of the underwriter is to work as part of a highly functioning team focused on producing consistently good results while ensuring underwriting standards. They will cultivate and assess engineering/construction risks throughout the world by engaging the broker network and clients. There will be a focus on attaining the best possible solutions in line with the group strategy. Underwriters have the responsibility to support training and development of all staff including themselves.

Key Responsibilities:

1. To underwrite Corporate and Facultative engineering lines of business mainly through London brokers (EAR, CAR, Renewables) for global placements utilizing the process and systems within the organization.
2. To grow and develop internal and external key stakeholder relationships in order to maximize business potential.
3. To represent Munich Re (F&C London) at conferences, market events, and London working groups (e.g., LEG).
4. To conduct market and portfolio reviews in collaboration with the team and management.
5. Promote efficiency and collaboration within the organization.

Key Skills & Experience:

1. Have an in-depth knowledge of engineering insurance and technical understanding of engineering risks.
2. Good communication, negotiation, and relationship skills.
3. High level of commitment and ability to work under pressure.

Desired Qualifications and Educational Background:

1. Engineering degree (preferred).
2. ACII qualified (or at least have made significant progress towards this qualification) and/or alternative relevant professional qualification.

Regulatory & Conduct Requirements:

In addition to the responsibilities set out above, the Underwriting role/function will also become responsible for:

1. Ensure compliance with Insurance Distribution Directive.
2. Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.

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!