Munich Re Specialty Group North America (MRSG N.A.) is looking for enthusiastic individuals to join us as we grow. As part of Munich Re Group, we are a unique organization providing expertise in specialty and marine lines of insurance as well as surety risks and customs bonds with in-house claims solutions. We are seeking a full time Associate Underwriter, Ocean Marine to join the Munich Re Specialty Group Insurance Services division to be a Hybrid employee in our Schaumburg, Illinois office reporting to the VP, Ocean Marine. Job Profile
- Work with US underwriting team on renewal insurance business
- Manage and evaluate renewal business to ensure risk quality
- Use underwriting standards and guidelines to assess risk across assigned business line
- Request peer reviews (internal audits) and refer business out of authority to foster consistent and profitable risk selection
- Collaborate with account Lead Underwriter and peers to identify profit and loss trends to drive department profitability goals
- Monitor client needs, insurance market developments and economic changes to ensure future planning aligns with long-range business growth goals
- Manage renewal book of business by accepting or rejecting accounts based on sound underwriting judgement and effective communication with the Lead Underwriter
- Meets with agents/brokers and insureds in order to build business partnerships and relationships
- Contribute to the enhancement of underwriting tools, platforms, forms, services and standards, including documentation and training for new hires
- Assist with the assignment of surveys as required
Job Requirements
- Bachelor's Degree or equivalent combination of education and/or work experience
- 1-3 years of relevant experience preferred
- US Ocean and Inland experience, some Marine experience a plus
- Bilingual Spanish/English a plus
- Demonstrated proficiency in underwriting Ocean Marine and working knowledge of underwriting standards
- Understanding of laws and regulations governing geography, class of business and industry
- Experience with EPIC or other insurance management platforms a plus
- Ability to negotiate to a mutually beneficial and desired outcome (internal and external)
- Ability to work within a dynamic and growing organization
- Ability to travel occasionally within US and assigned region to maintain business partnerships and relationships; reinforce and promote the Munich Re value proposition
About Us MRSG N.A. is the holding company for Roanoke Insurance Group (RIG) and Munich Re Specialty Group Insurance Services (SIS) located throughout 7 locations in the United States and Canada with over 250 employees. SIS provides insurance to retail and wholesale insurance brokers in North America. Specialty lines include ocean and inland marine, cyber, tech E&O, terrorism, active assailant & political violence. RIG operates as a specialty insurance broker focused on surety, insurance and related offerings for logistics service providers, customs brokers and companies with supply chains. Benefits We offer our employees a diverse work environment which champions professional development, innovation and passion; providing employees with a great benefits package. All of our benefits are effective the first day of employment including:
- Generous healthcare plans
- Voluntary dental & vision plans
- Health Savings Accounts (HSA)
- Short/long term disability
- Employee Assistance Program (EAP)
- Employee Wellbeing Program
At MRSG N.A., individuality is a key driver for our success and progress. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we're committed to building an inclusive culture where everyone is welcomed and valued for their authentic selves. We offer equal opportunity employment regardless of age, sex, race, color, creed, national origin, religion, veteran status, sexual orientation, atypical hereditary traits, marital status, disability, gender identity or expression, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Applicants requiring employer sponsorship of a visa will not be considered for this position. California applicants, please review our CA Privacy Statement at: