E&S Property Underwriter

4 days ago


Philadelphia, Pennsylvania, United States Munich Re Full time
About the Role

Munich Re Specialty North America is seeking an experienced E&S Property Underwriter to join our team. As a key member of our underwriting team, you will be responsible for the production, underwriting, and retention of profitable E&S business through the cultivation and maintenance of broker relationships.

Key Responsibilities
  • Underwrite, market, quote, bind, and retain a profitable book of excess and surplus lines business that meets profitability and growth targets.
  • Develop and execute production strategies and business plans to implement and maximize growth objectives and rate goals.
  • Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement.
  • Cultivate and maintain professional wholesale broker relationships.
  • Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, and other industry events.
Requirements
  • 5+ years of insurance and/or reinsurance experience with production underwriting experience preferably at an E&S carrier for Property lines.
  • Advanced insurance certifications (e.g. CPCU) preferred.
  • Advanced working knowledge of Commercial P&C / E&S products and insurance concepts, UW processes and procedures, laws and regulations, terminology, concepts, and principles related to strategic planning, and other relevant industry trends.
  • Working knowledge of catastrophe models including RMS.
  • Successful track record of developing and maintaining strong relationships with wholesale brokers.
  • Tech savviness and a willingness to experiment with and learn new technologies.
  • Ability to think strategically and function tactically.
  • Exceptional communication skills that energize and engage brokers, clients, and colleagues and the ability to convey a vision and client-focused solutions.
  • Ability to present and negotiate complex agreements with brokers.
  • Effective time management and organizational skills.
  • Willingness to travel 20%-30%.
What We Offer

Munich Re offers a competitive salary range of $110,500 - $162,000, plus opportunity for company bonus based upon a percentage of eligible pay. In addition, we offer a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, 401k match, retirement savings plan, paid holidays, and paid time off (PTO).

About Munich Re

Munich Re Specialty North America is a description for the insurance business operations of affiliated companies in the Munich Re Group that share a common directive to offer and deliver specialty property and casualty insurance products and services in North America. For more information on Munich Re Specialty North America, including licensing, regulatory-required, and other information on the operating companies, visit our website.



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