Senior Underwriter - Life Sciences
Company: Munich RE
Location: New York
Posted on: April 23, 2025
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Job Description:
Senior Underwriter - Life Sciences
Company
Munich Re Specialty - North America
Location
New York
, United States
Senior Underwriter - Life Sciences The Company is open to
considering candidates in Atlanta, GA; Philadelphia, PA; New York
City, NY; and Chicago, IL. We are adding to our diverse team of
experts and are looking to hire those who are committed to building
a culture that enables the creation of innovative solutions for our
business units and clients. The CompanyMunich Re Specialty - North
America provides extensive, specialty property and casualty
insurance solutions to customers through select brokers, Managing
General Agents, program administrators, cover holders and insurtech
partners. Products include: property, casualty, professional
liability and other specialty insurance solutions. Our
comprehensive, customized solutions are provided by A+ rated
carriers and are tailored to clients' needs. We offer superior
service levels, industry-recognized underwriting and claims
expertise and innovative approaches to complex and evolving risks.
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 The OpportunityFuture
focused and always one step ahead! We are seeking to add an
experienced Senior Underwriter to help support the launch for our
new Life Science product. As a Senior Underwriter for Life Science,
you'll be responsible for assisting the Underwriting Manager to
build and execute a products and professional liability solution in
support of the U.S. Life Science industry. Responsibilities:
- Help drive the product development, strategy, and production for Life Science products, as well as the retention and growth of profitable Life Science industry business.
- Attract, manage and mentor a team of underwriters, providing guidance and support.
- Assist with the distribution strategy by cultivating new and existing broker relationships that includes development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals.
- Develop and execute the Underwriting strategy and appetite
- Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement
- Underwrite, market, quote, bind and retain a profitable book of excess and surplus lines and admitted business that meets profitability and growth targets.
- Operate within granted authority and make referrals to underwriting leadership as appropriate.
- In conjunction with the Underwriting Manager, develop and execute production strategies and business plans to implement and maximize growth objectives and rate goals.
- Cultivate and maintain strong relationships with brokers and insured parties across the U.S.
- Coordination with other Munich Re business units is expected and encouraged to offer the best holistic solutions to our clients.
- Collaborate with cross-functional teams to ensure alignment and execution of business objective
- Assistance in day to day operations and projects as assigned which could have client, business group, divisional and corporate impact.
- Assist in maintaining Underwriting governance across the team
- Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, etc. Qualifications
- Advanced working knowledge Life Science products and pricing, UW processes and procedures, laws and regulations, strategic planning, and relevant industry trends that have been developed in 10+ years of experience
- Experience in managing a P&L
- Experience with attracting, motivating, organizing and driving underwriters toward a mutual goal
- Excellent underwriting, marketing and analytical skills that have been developed in +7 years of experience
- Be in demand by the distribution system.
- Successful track record of developing and maintaining strong relationships with brokers
- Ability to think strategically and function tactically
- Strong ability to lead, manage and effectively influence peers.
- 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 and internal stakeholders, as well as develop and maintain strong relationships
- Effective time management and organizational skills
- Tech savviness and a willingness to experiment with and learn new technologies
- Willingness to travel up to 30% The Company is open to
considering candidates in numerous locations, including NYC and
Chicago. The salary range posted below reflects market variations
across various locations. This role is designated for either
Chicago or NYC and reflects multiple geographies. The offer will be
adjusted per geography. The base salary range anticipated for this
position is $174,200 - $290,300 plus opportunity for company bonus
based upon a percentage of eligible pay. In addition, the company
makes available 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). At Munich Re, we see Diversity,
Equity and Inclusion as a solution to the challenges and
opportunities all around us. Our goal is to foster an inclusive
culture and build a workforce that reflects the customers we serve
and the communities in which we live and work. We strive to provide
a workplace where all of our colleagues feel respected, valued and
empowered to achieve their very best every day. We recruit and
develop talent with a focus on providing our customers the most
innovative products and services. We are an equal opportunity
employer. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential
functions.
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