Head of Construction Underwriting, Germany
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At Munich Re Specialty – Global Markets (MRS-GM), our ambition is to become the leading Primary Specialty Insurance provider, supported 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.
Munich Re Specialty was formed as a stand‑alone division in 2023 and brings together the wider Munich Re group’s primary specialty business units. Complementing a strong presence in the UK and the US, MRSGM has been tasked with executing a broader European footprint.
In order to successfully establish and profitably grow our Construction business in the German market, we are looking for a Head of Construction UW, Germany to join our team.
We are searching for an exceptional individual with a proven track‑record of growth and profitable underwriting in Construction LoB in the German market. Ideally, the candidate has experience across both Retail (non‑Wholesale) and Wholesale business, having underwritten business regionally in Germany. Knowledge of Lloyd’s of London underwriting practices would be a benefit. An entrepreneurial spirit is a must, with a high degree of comfort in building a business presence from scratch and preparedness to roll up the sleeves for tasks both big and small.
Responsibilities
* Direct and manage overall technical underwriting for Construction activities for MRSGM in Germany while ensuring a high level of technical proficiency.
* Responsible for product development together with the Head of Underwriting Germany, Product CUOs, and Product Heads to deliver new product rates, rules and policy forms and maintain consistency of existing product rates, rules and policy forms.
* In close collaboration with the Head of Underwriting Germany and Product CUOs, manage the Construction portfolio in Germany to achieve the business mix and performance goals as established by the Group Head of Engineering.
* Maintain and execute the Construction underwriting authority delegation and referral processes in Germany.
* Monitor insurance market trends and developments in Germany to adjust underwriting policy and strategy as appropriate.
* Coach and lead a high‑performance Construction underwriting team; play an integral part in the attraction, recruitment and retention of required talents.
* Conduct and develop effective relationships with insureds and brokers to strengthen existing trading relationships and secure new business that falls within the underwriting business plan.
Knowledge and Skills
* Demonstrated ability in an executive leadership position, ideally as Head of Construction Underwriting
* In‑depth knowledge of exposure and experience rating processes
* Excellent people skills, including stakeholder management
* Integrity, credibility and commitment to the corporate mission
* Strong negotiation skills
* Excellent communication (written, verbal, presentation), interpersonal and networking skills across all levels of the organization
* Strategic and forward‑thinking with a proven track‑record of general business management, including planning and forecasting
* German and English language skills are a must
* Extensive primary insurance underwriting experience
* People management experienceUniversity degree and/or relevant professional qualification
Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience. We recognise diversity can be multi‑dimensional, intersectional, and complex, and we aim 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. We are committed to an equitable and inclusive work environment where diversity is celebrated and valued, and opportunities to succeed are equitable.
All candidates can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.
Our ESG Commitment
Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics, supporting local initiatives and offering volunteering opportunities for colleagues. Learn more about sustainability at Munich Re – choose your impact!
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