Senior E&S Property Underwriter

2 weeks ago


San Francisco, California, United States Munich Re Full time
Excess & Surplus Lines Property Underwriter Company Munich Re America Location San Francisco, United States

About Munich Re Specialty Insurance

Munich Re Specialty Insurance (MRSI) is dedicated to providing specialized property and casualty insurance solutions through select brokers, Managing General Agents, program administrators, cover holders, and insurtech partners. Our offerings encompass a range of products including property, casualty, professional liability, and other specialized insurance solutions tailored to meet client needs. Our services are delivered by A+ rated carriers, ensuring superior service levels and industry-recognized underwriting and claims expertise.

Position Overview

As a vital member of our E&S team, you will play a key role in the production, underwriting, and retention of profitable excess and surplus lines business. This will involve nurturing and maintaining relationships with brokers to drive business success.

Key Responsibilities:
  • Underwrite, market, quote, bind, and retain a profitable portfolio of excess and surplus lines business that aligns with profitability and growth objectives. Operate within granted authority and allocated catastrophe budgets, making referrals to underwriting leadership as necessary.
  • Develop and implement production strategies and business plans to achieve growth targets and rate goals. Collaborate with other Munich Re business units to provide comprehensive solutions to clients.
  • Analyze underwriting data and monitor industry best practices to identify opportunities for continuous improvement and optimize portfolio performance.
  • Establish and maintain professional relationships with wholesale brokers.
  • Represent the Munich Re brand at client events, seminars, and meetings.
  • Assist in day-to-day operations and projects as assigned, which may impact clients, business groups, divisions, and corporate objectives.
Qualifications:
  • Proven underwriting, marketing, and analytical skills developed over 5+ years in insurance and/or reinsurance, with production underwriting experience ideally at an E&S carrier for property lines.
  • Advanced insurance certifications (e.g., CPCU) are preferred.
  • In-depth knowledge of Commercial P&C / E&S products, insurance concepts, underwriting processes, and relevant industry trends.
  • Familiarity with catastrophe models, including RMS.
  • Demonstrated success in building and maintaining strong relationships with wholesale brokers.
  • Proficiency in technology and a willingness to embrace new tools and innovations.
  • Strategic thinker with tactical execution capabilities.
  • Exceptional communication skills that engage brokers, clients, and colleagues, along with the ability to convey client-focused solutions.
  • Capability to present and negotiate complex agreements with brokers.
  • Strong time management and organizational skills.
  • Willingness to travel as needed.
Compensation and Benefits:

The anticipated salary range for this position is $110,500 - $162,000, with additional opportunities for company bonuses based on eligible pay. The company also offers a comprehensive benefits package, including health insurance, wellness programs, life and disability insurance, 401k matching, retirement savings plans, paid holidays, and paid time off (PTO).

At Munich Re, we prioritize Diversity, Equity, and Inclusion, aiming to create an inclusive culture that reflects the communities we serve. We are committed to providing a workplace where all colleagues feel respected, valued, and empowered to excel. We are an equal opportunity employer, and reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

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