Munich Re

Equipment Breakdown Underwriter

Munich Re$70K — $95K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business Administration, Risk Management, Finance, or equivalent work experience
  • 5+ years of experience in the insurance industry
  • Experience in Property & Casualty, Mechanical, or Facilities Engineering is a plus
  • Excellent verbal and written communication skills
  • Strong interpersonal, organizational, and analytical skills
  • Attention to detail and sound decision-making abilities

Responsibilities

  • Oversee and service renewal accounts, managing reviews, data collection, and customer communications
  • Identify and pursue new business opportunities, assessing submissions and managing the quoting process
  • Participate in internal training to enhance underwriting expertise and binding authority
  • Foster relationships with assigned client companies through virtual calls and visits
  • Prepare for client meetings by reviewing account activities and addressing key topics

Benefits

  • Remote work options available
  • Opportunity for internal training and professional development
  • Exposure to a diverse portfolio of risks
  • Engagement in meaningful client relationships
  • Collaborative team environment focused on growth and profitability
Full Job Description
Are you decisive, detail-oriented, and skilled at building relationships? Join our team as a Client Company Underwriter II, where youll partner with assigned client company underwriters to provide equipment breakdown coverage for new and renewal business. Youll manage a diverse portfolio, evaluate and quote risks, and play a key role in maintaining a profitable reinsurance business.

Position located in Hartford, CT and open to Remote Options

Key Responsibilities

  • Renewal Management: Oversee and service renewal accounts, ensuring all necessary reviews, data collection, and customer communications are completed. Prepare and send quotes, follow up with customers, and process policies for issuance.
  • New Business Management: Identify and pursue new business opportunities. Assess submissions, coordinate with engineering as needed, prequalify accounts, and manage the quoting and issuance process.
  • Market Knowledge & Customer Focus: Participate in internal training to expand your underwriting expertise and binding authority. Attend customer meetings and ensure accuracy in rated instructions for assigned client companies.
  • Client Relationship Development: Foster and develop relationships with assigned client companies through virtual calls and client visits. Prepare for meetings by reviewing account activities and addressing key topics.


Education & Experience

  • Bachelors degree in Business Administration, Risk Management, Finance, or equivalent work experience.
  • 5+ years of experience in the insurance industry.
  • Experience in P&C, Mechanical, or Facilities Engineering is a plus.
  • Knowledge & Skills


  • Excellent verbal and written communication skills, with the ability to negotiate effectively.
  • Strong interpersonal, organizational, and analytical skills.
  • Attention to detail and sound decision-making abilities.
  • Sales and customer service orientation.
  • Knowledge of machinery, equipment breakdown exposures, and coverages.
  • Understanding of underwriting and marketing concepts.

About Munich Re

Munich Re is a leading global provider of reinsurance, primary insurance and insurance-related risk solutions. The company is headquartered in Munich, Germany. Munich Re operates in all lines of insurance and has a presence in all major markets worldwide. Munich Re's business model is based on the combination of primary insurance and reinsurance under one roof. The company has three business segments: reinsurance, primary insurance, and Munich Health. Munich Re's global premium income amounted to ?54.5 billion in 2020.
Learn more about Munich Re
Size
41,000 employees
Industry

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