Introduction

Munich Re Specialty North America - Binding Authorities (formerly Bell & Clements) is a Lloyd’s Broker authorised and regulated by the Financial Conduct Authority. We became part of the Munich Re Group in May 2007. We offer insurance and reinsurance intermediaries throughout the world access to Lloyd’s of London and to London, European and Bermudian companies.

We specialize in providing US Managing General Agents (“MGAs”) with a comprehensive service for surplus lines business. We are acknowledged market leaders in arranging binding authorities for US MGAs and in managing the relationship between the MGA and the insurers.

We also provide, through our MRSNA Underwriting Managers division, a capability to quote and bind a wide variety of risks under our own in-house binding authorities.

PURPOSE OF THE POSITION

To assume a prominent role in all aspects of the management of the Munich Re Specialty – North America Binding Authorities portfolio. This includes the profitable underwriting of delegated business, coverholder oversight,



management of Nat Cat budget allocation and Cat aggregate deployment, developing and evaluating current business relationships, conducting underwriting file reviews and detailed analysis of the underwriting results of delegated business.

Duties And Responsibilities

Underwriting & Portfolio Management

Work with the CUO and the rest of the Managed Underwriting team to ensure successful execution of our underwriting strategy and plan, in accordance with applicable underwriting authority levels, underwriting guidelines, internal directives, and client strategies.
Manage and steer underwriting results for the applicable segments of the portfolio, utilizing MI and KPIs to critically analyse and evaluate the business - including review of production, loss experience, exposure, rate adequacy, and pricing discipline.
Assess and refine underwriting guidelines, pricing models, and program performance metrics in collaboration and alignment

📌 Compensation & Benefits Specialist, India & South Africa (Mumbai)
🏢 Munich Re Specialty - North America
📍 Mumbai