Munich Re Careers
Liability Underwriter
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Application closing date: 8th Sep, 2026
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. We overlay these underwriting activities with support from our Client Management and Claims & Operations units.
Our clients are complex, diverse, and domiciled across the world. Therefore, we also need to be global, and we do this by positioning staff in strategic markets and locations as well as travelling to meet clients. Close contacts are very important.
About the role:
Reporting into the Liability Manager, you will underwrite new and renewal Facultative and Corporate UK / Global / International, Public / Products Liability business.
The job is a role with daily broker contact and direct contact with clients, and internal liaison with other units within Munich Re.
This is a hybrid role with an office based in London. You will collaborate with the team in the office 2-3 days per week.
Key Responsibilities:
- Underwrite within a delegated authority UK / International Public / Products Liability business
- Client meetings including travel whenever necessary
- Contribute to the technical development and knowledge within the Liability Team
- Identify and develop opportunities for new business and new products
- Cultivate relationships with London brokers for business development purposes and exploit new business potential through these sources
- Build good working relationships to enhance the position of F & C within the group and to help develop the account
Competencies:
- Drives results (we think big): You consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience, and judgement.
- Business insight (we think big): You can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.
- Collaboration (we lead the ‘we’): You identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.
- Client focus (we grow with our clients): You build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.
- Cultivates innovation (we grow with our clients): You create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology, etc.
- Courage (we care and dare): You are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.
- Persuades (we are clear and authentic): You use clear and compelling arguments to gain the support, enthusiasm, and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.
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Key Skills & Experience:
- Strong technical knowledge of Liability underwriting.
- Good knowledge of the legal background to the classes in the UK and an awareness of other main jurisdictions.
- Experience with policy wordings.
- Good London market experience underwriting or broking the classes of business.
- Second European language an advantage.
- Knowledge of insurance underwriting including jurisdictions outside the UK.
- In-depth knowledge of an Industry / Technology such as Pharmaceutical, Media, and Telecom business.
Qualifications and Educational Desired:
- Degree and/or ACII desirable.
Thought Leaders:
- You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re.
- You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.
- You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
- You will treat your colleagues and sales and business partners fairly and with respect.
Regulatory & Conduct Requirements:
In addition to the responsibilities set out above, you will also become responsible for:
- Ensure compliance with Insurance Distribution Directive.
- Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.
Benefits
- You will be rewarded with a great compensation package, on target bonus, 25 days annual leave with the option to purchase more along with private medical insurance and employers' contributory pension of 10%.
- We are one of the few employers to offer fully paid 6 months family leave for times when you need it the most.
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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.
- You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working using digitalisation to deliver solutions.
- We lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment where different thoughts, generations, cultures, and experiences are valued and encouraged.
At Munich Re, embracing the power of differences is at the core of who we are. We believe diversity fosters resilience and innovation and enables us to act on our purpose of helping humankind act braver and better. 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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