Your Job
1. Management and legal review of major and complex international casualty claims predominantly emanating from general liability and financial lines (Commercial- and FI D&O / E&O), for our Global Clients
2. Claims management (assessing indemnity and quantum within defined limits of authority / ultimate estimation of major losses and ongoing review of reserves for individual losses and loss complexes) with a focus on added value. For example, by negotiating coverage, liability and allocation issues, initiating subrogation and liaising with other Munich Re international organizations (predominantly Munich Re America and Munich Re UK)
3. Active loss portfolio management to detect conspicuous single losses, loss trends and emerging risks
4. Servicing, advising and monitoring our cedents with regards to claims matters. In particular, conducting claims reviews and visits at client offices, also in cooperation with other Munich Re international teams
5. Fostering Client relations
6. Usage of new technologies and alternative solutions for Claims related portfolio analysis as well as support in development and distribution of Claims Digital Services
7. Monitoring and reporting of legislative changes, legal trends and their impact on claims management of Munich Re
8. Providing support for client management and underwriting (claims feedback and lessons learned, trend detection, and advising on wording issues, etc.)
9. Fostering expertise and synergies through cooperation within the Claims units
10. Active contribution to working groups and in-/external workshops and events on current claims topics
Your Profile
11. University degree in legal studies (preferably with a common law background) or comparable long-time practical experience in handling (international) casualty claims and/or casualty underwriting in insurance and/or reinsurance
12. Understanding of related insurance and reinsurance coverage interpretation, loss reserving, loss report management, litigation management and client relationship management
13. Strategic thinking and ability to get to the core of complex legal and economic matters combined with strong analytical skills, ability to work systematically and independently
14. Result focused and solution oriented with very good negotiating and conflict management skills, ability to take decisions and to be a good team player
15. Willingness to travel internationally on occasion – sometimes also on short notice
16. Excellent command of written and spoken business English, other languages (esp. German) are of advantage
Application Instructions
Please apply through our online portal and upload your CV, as well as your academic reference letters, including school certificates, graduation certificates and transcripts of record for any degrees. If applicable, please also submit reference letters from any previous employers or certificates from any other qualifications you may have. We recommend writing a cover letter to tell us more about why the position and Munich Re is of interest to you.
About us
As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today that will concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel.
Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation.
Sounds like you? Push boundaries with us and be part of Munich Re.
Our employees are our greatest strength. That’s why we offer them a wide range of benefits. You can find some examples below.
Unlock your potential
17. Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
18. Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
19. Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.
Rewards & Recognition
20. Competitive salary: appropriate compensation for your high level of commitment.
21. Retirement provision: state of the art in-house pension solutions.
22. Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
23. Health management: focus on your physical and mental health far beyond legal requirements.
24. Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.