Munich Re Specialty North America is a leading expert in understanding and
connecting US coverholders and brokers to flexible and innovative insurance
solutions. We are also a registered Lloyd’s Broker. As a wholly owned subsidiary
of Munich Re, we have access to the expertise, products and risk appetite of one
of the largest and most successful insurance groups in the world.
We are specialists in offering expertise in underwriting, broking and capacity
management for US Excess and Surplus (E&S) lines insurance solutions. The unique
combination of broking and underwriting divisions provides the ability to quote
and bind risks through inhouse binding authorities, while providing customers
with access to Lloyd’s, London Market companies, and Munich Re owned capacity in
Germany and the US.
Why join us?
We are a responsible employer, with a reputation for innovation and adding value
in the insurance distribution chain. As a wholly owned subsidiary of Munich Re,
we have access to the expertise, products, risk appetite and career development
opportunities of one of the largest and most successful insurance groups in the
world. As our business continues to grow, we are committed to expanding our team
and provide development opportunities to ensure we are always supporting our
people in their career journey. Our talent pool makes us who we are, and our
inclusive culture means we are looking to continue to build our team with broad
expertise, diverse backgrounds, and ambitious employees. Being part of Bell &
Clements provides access to multiple health and wellbeing benefits, work-life
balance initiatives (including hybrid working), financial wellbeing packages as
well as training, development and career opportunities.
Purpose of the Role:
* To provide day-to-day underwriting leadership of the Transportation
department, driving the profitable underwriting, production and development
of US Transportation business across both In-House and Delegated Authority
portfolios.
* Working in close partnership with the Head of Direct Underwriting, the role
is responsible for delivering profitable growth and implementing the
strategic business plan for the Transportation department.
Duties & Responsibilities:
Leadership & People Management
* Provide overall leadership and management of the in-house Transportation
underwriting department.
* Take responsibility for day-to-day staffing, mentorship and on-the-job
training of the team.
* Foster a culture of cross-collaboration and synergy across Munich Re teams,
departments and group companies.
* Embrace and actively implement the core principles of Continuous
Conversations — including commitments, feedback and development — in
day-to-day activities.
* Take ownership of personal and professional development by setting clear
commitments and engaging in regular, constructive feedback in line with
Continuous Conversations.
Underwriting & Business Development
* Oversee and continually seek to optimise the underwriting performance and
processes of the Transportation department.
* Analyse underwriting data and statistics to identify trends and inform
decision-making.
* In conjunction with the Head of Direct Underwriting, develop and deliver the
annual business plan for the Transportation team.
* Maintain and develop existing client and broker relationships whilst
proactively creating new business relationships.
* Implement and manage the department's annual travel programme, including
office visits and conference attendance as required.
* Propose new wordings and clauses, or amendments to existing ones, to reflect
evolving market conditions.
* Develop new coverages and products in line with market opportunities and
strategic objectives.
* Drive forward and expand the digital capabilities of Transportation
underwriting.
* Produce regular management and committee reports as required.
Data Governance
* Act as Deputy Data Owner, supporting the Lead Data Owner in the oversight and
maintenance of the Data Asset Register.
* Assist in the implementation and ongoing oversight of Data Classification,
and review data access rights and the use of data in respect of storage,
transfer and retention.
* Work in conjunction with the Data Protection Officer on Data Access Requests
and related matters.
* Approve access to data through file share and IT systems, and assist in the
anonymisation of data where required.
* Ensure that appropriate controls are in place to manage data in line with
Munich Re Specialty North America's policies and procedures.
* Support the Lead Data Owner within the applicable business unit(s) on data
protection enquiries, and undertake specific Data Protection training (e.g.
Data Classification) as required.
* Work collaboratively with the Lead Data Owner, Data Protection Officer, Chief
Risk, Compliance and Legal Officer, and Compliance Officer to ensure ongoing
regulatory and policy compliance.
Compliance
* Abide by all policies and procedures of Munich Re North America – Binding
Authorities.
Benefits:
* This position is offered on a Permanent basis.
* Annual salary will be dependent on the skills and experience of the
successful candidate.
* Annual leave - 25 days per year (plus bank holidays), increases with length
of service.
* Health & Wellbeing – our offering includes private medical insurance for
employees, their partners and their families, a Digital GP service and an
annual allowance (currently £550) any activities which supports health and
wellbeing.
* Hybrid and remote working – to support your work balance we have introduced
hybrid working.
* Flexible working hours – the opportunity to flex your working hours.
* Professional Qualification Support – (discretionary) financial support
covering the cost of professional qualifications, including institute
membership, exams, study materials and completion bonuses.
* Generous gender-neutral family leave policy - employees with 26 weeks’
continuous service at the Expected Week of Childbirth are eligible to receive
26 weeks full pay.
* Team fun – warm and social culture with regular get togethers.
About us:
You will work in an environment where we think big: Change and culture are
continuously role-modelled. We create and articulate a compelling and ambitious
shared purpose, vision and direction. We pave the way towards success and see
failure as learning
You are going to experience that we care & dare: We are empathetic. We know when
to lead and know when to let others lead. We attract, grow and coach future
leaders
We communicate in a clear & authentic way: We interact with a positive and
humble spirit. We solicit feedback, ask and listen, learn and unlearn
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.
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!
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.
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