Cyber Underwriting Manager

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.

Cyber Underwriting Manager

We are currently looking for Cyber Underwriting Manager to be based in London on a full-time basis, reporting into the Head of UK Underwriting

For the Cyber Line of Business, within Munich Re Specialty Global Markets UK,  you will be responsible for setting the strategy, underwriting appetite and updating annually the underwriting guides and online portal and ensuring the prudent underwriting of quality business in line with business plan and risk appetite.

Responsibilities:

• Collaborate with Strategic Relationship & Operations functions to develop a national plan for agreement with Head of UK Underwriting
• Communicate agreed plan to all relevant teams, monitor progress and challenge any areas of under performance
• Work within delegated authority levels set and agree the underwriting strategy and underwriting appetite with the Head of UK Underwriting, deal with referrals and technical issues internally and externally.
• Provide direction and technical input into maintaining a market leading proposition for Cyber.
• Make effective on-site decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
• Work with Strategic Relationship function to support relationship building with intermediaries.
• Support the Strategic Relationship function with Broker Market Management and any technical assistance they require on Broker deals, schemes, tender processes, etc.
• Monitor and analyse relevant Management Information and Key Performance Indicators on product performance.
• Develop appropriate technical skills in teams and individuals to meet the changing needs of Munich Re Specialty Global Markets UK’s trading decisions.
• Build and maintain strong internal relationships with Senior Management colleagues, Operations, Commercial and Technical functions, centralised resources and the Syndicate, other MRSG International Distribution Companies and other MR Group companies
• Develop underwriting response and solutions to social, economic and market developments.
• Provide reports and other Management Information to the Head of UK Underwriting or MRSI (UK) Exco as and when required.
• Assist the Head of UK Underwriting on the Reserving Processes and strategy in conjunction with Munich Re Syndicate Limited (MRSL).
• Assist the Head of UK Underwriting with the Reinsurance strategy and in conjunction with MRSL.
• Assist the Head of UK Underwriting on business planning including annual planning performed in conjunction with MRSL.
• A good knowledge of Munich Re Specialty Global Markets UK & Munich Re Group’s policies & protocols.
• Undertake other duties as directed within the level of the job function.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders

Knowledge and Skills

• Extensive knowledge of the Line of Business.
• Extensive underwriting and account management experience.
• Ability to effectively communicate and implement the strategy internally and externally.
• Ability to handle extensive and diverse referrals from internal and external sources.
• Ability to keep updated with market changes and competitor’s products and services.
• Ability to mentor and educate Munich Re Specialty Global Markets UK staff in the line of business.
• Ability to lead, empower, motivate & inspire staff to reach their potential.

• Ability to analyse and interpret Management Information accurately and take appropriate action.
• Experience of process management and team management, coaching and influencing.
• Proven technical competence in an operational environment.
• Negotiating and selling skills.
• Knowledge of the Insurance market.
• Ability and willingness to travel to carry out the requirements of the job.

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! 

Benefits

• 25 days Annual Leave + Bank Holidays
• 10% Non-contributory Pension
• Eligibility for an Annual Bonus
• Private Medical + Dental Insurance
• Critical illness insurance + Life Assurance + Permanent Health Insurance
• Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
• Electric Vehicle Salary Sacrifice Scheme
• Study & continuing Professional Development Support
• Hybrid Working + IT Home Set-up Support

#BePresent #BeBold #BeCurious