Underwriter Downstream / Energy (m/f/d)*

Münchener Rückversicherungs-Gesellschaft AG

  • München
  • Veröffentlicht am: 22. Oktober 2024
Jobbeschreibung

Munich Re‘s Natural Resources Fac team continues to strengthen its footprint in the worldwide energy industry by enabling and partnering with our clients to implement the energy transition. For this, an opportunity has emerged for an underwriter in our Munich office. With a responsibility for worldwide clients active in the onshore downstream energy oil & gas, petrochemical, chemical business, this role will have an emphasis on profitable underwriting of existing business and risk assessment of developing technologies such as hydrogen production or other clean tech solutions.
Be part of the successful collaboration between our offices in the international organisation and the head office in Munich, driving the professional underwriting of facultative reinsurance business.


  • Profitable underwriting of global facultative onshore Energy business in accordance with our strategy (including ESG aspects) and within designated underwriting authority:
  • Analysing risk inspections
  • Pricing and acceptance of large and complex energy risks
  • Controlling accumulation risks including natural hazards
  • Assuring compliance with group-wide guidelines
  • Conducting negotiations with cedents and reinsurance brokers
  • Developing, maintaining, and expanding client and broker relationships
  • Assisting the implementation of portfolio analysis and compiling statistics and reports
  • Contributing to an inspiring team environment


  • University degree, preferably in engineering or applied science-related discipline, or a recognised professional qualification in insurance
  • Practical experience as an engineer or ideally experience as an underwriter in direct and/or facultative insurance
  • Competencies in the analysis of wordings/contracts. Basic knowledge of risk assessment and pricing methods would be a plus.
  • Ability to quickly learn other occupancies (e.g. Mining) and follow-up on new or developing technologies
  • Strong negotiation skills and experience negotiating terms and conditions with clients and brokers
  • Strongly pronounced sales orientation with the ability to build sustainable relationships with clients and brokers
  • High degree of responsibility, motivation, decisiveness and self-employment
  • Excellent social skills, ability to coordinate and work with an international team
  • Analytical skills, capability to be innovative and creative
  • Solution-oriented with a focused, proactive, and efficient work style
  • Fluent business English is essential
  • Willingness to travel

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