Head of Construction Underwriting, Spain

Head of Construction Underwriting, Spain

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold, and curious, allowing them to achieve their individual goals.

Position Overview

We are currently looking for a Head of Construction Underwriting to be based in Madrid on a full-time basis, reporting into the Head of Underwriting, Spain.

Munich Re Specialty was formed as a stand-alone division in 2023, and brings together the wider Munich Re group’s primary specialty business units. Complementing an already strong presence in the UK and the US, Munich Re Specialty – Global Markets (MRSGM) has been tasked with executing a wider plan to build a broader European footprint. This work will start in Spain, expanding on Munich Re Specialty’s existing business in the UK, Ireland, and Germany.

In order to successfully establish and profitably grow our Construction business in the Spanish market, we are looking for a Head of Construction UW, Spain to join our team.

We are searching for an exceptional individual with a proven track record of growth and profitable underwriting in Construction LoB in the Spanish market. Ideally, our successful candidate has experience across both Retail (non-Wholesale) and Wholesale business – having underwritten business regionally in Spain. Knowledge of Lloyd’s of London UW practices would be a benefit. An entrepreneurial spirit is a must, with a high degree of comfort in building a business presence from scratch and preparedness to roll up the sleeves for tasks both big and small.

Responsibilities:

• Direct and manage overall technical underwriting for Construction activities for MRSGM in Spain while assuring that a high level of technical proficiency is achieved in all areas.
• Responsible for product development together with the Head of Underwriting Spain, Product CUOs, and Product Heads to deliver new product rates, rules, and policy forms and the maintenance, consistency of existing product rates, rules, and policy forms.
• In close collaboration with the Head of Underwriting Spain and Product CUOs, manage the Construction portfolio in Spain to achieve the business mix and performance goals as established by the Group Head of Engineering.
• Maintain and execute the Construction underwriting authority delegation and referral processes in Spain.
• Monitor insurance market trends and developments in Spain in order to make adjustments as appropriate to underwriting policy and strategy.
• Coach and lead a high-performance Construction underwriting team; play an integral part in the attraction, recruitment, and retention of required talents.
• Conduct and develop effective relationships with insureds and brokers, to both strengthen existing trading relationships and secure new business that falls within the Underwriting business plan.

Knowledge and Skills:

• Demonstrated ability in an executive leadership position, ideally as Head of Construction UW.
• In-depth knowledge of exposure and experience rating processes.
• Possess personal qualities of integrity, credibility, and commitment to corporate mission.
• Excellent communication (written, verbal, and presentation), interpersonal and networking skills with all levels of organizations.
• Strategic and forward-thinking with a proven track record of general business management, including planning and forecasting.
• Language skills, Spanish and English are a must.
• Significant experience within primary insurance underwriting.
• University degree and/or relevant professional qualification.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognize diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow.

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social, and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.