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  • Ongoing Recruitment at Munich Re

  • Posted on: 3 February, 2015 Deadline: 13 February, 2015
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    Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation.

    Munich Re stands for exceptional solution-based expertise, consistent risk management, financial stability and client proximity. In the financial year 2013, the Munich Re Group achieved a profit of €3.3bn on premium income of €51.5bn. It operates in all lines of insurance, with almost 45,000 employees throughout the world.

    Underwriter - Property Facultative


    To maintain the highest standard of technical competence in the field of Facultative Underwriting and Pricing with a View to presenting terms to the market via Client Managers (CM) or directly after also keeping CM informed - that will generate the necessary financial returns on business written;

    • Monitor the performance of the Property Fire Porfolio and put forward recommendations to the Underwriting Manager in the
    • Interests of rehabilitation should it be necessary;
    •     To maintain a centre of technical competence if"! respect of all aspects of individual risk assessment and underwriting (direct business): retail property market wordings and coverage;
    •     To find creative, tailor-made facultative reinsurance solution for our customers needs/requirements;
    •     To be responsible for input and support for technical seminars (reinsurance courses, workshops, etc) as well as equipped to be the speaker at internal and external forums;
    •     To coordinate submission of referrals to the Underwriting Manager;
    •     To manage the facultative underwriting processes, systems and credit control checks will also be required to be performed. Quarterly estimate process also form part of the task.
    •     Travel to markets in sub-Sahara may be requested by the manager.


    • A Bachelor's Degree in Business or Engineering. ACII/AIISA.
    • A minimum of 5 years reinsurance experience embracing Property technical pricing/underwriting, product knowledge and policy wording expertise - Personal, Commercial/Corporate and
    • Assets All Risk/Industrial All Risks policies.
    • English, French and Portuguese - markets so English and the other one or two would be good.

    Method of Application

    Munich Re is one of the world's leading reinsurance companies with more than 11,000 employees at over 50 locations around the globe.
    We are working on topics today that will concern the whole of society tomorrow, whether that be climate change, major construction projects, gene technology or space travel. We find solutions to these challenges through a network of highly qualified professionals who anticipate risks, work on tailor-made solutions and expertly advise our clients.

    If you want to help shape the future as part of one of our teams, we look forward to hearing from you. You can apply by post or by filling in the online application form.

    You can either apply for this position by using the online application form or directly e-mail your application to the Recruiter: Eric Pako at

    Closing date for this vacancy is 13th February, 2015. Munich Re not only stands forfaimess with regard to its clients; it Is also an equal opportunities employer

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