Senior Property & Engineering Underwriter (m/f/d*) - Munich Re Specialty Global Markets (MRS-GM)

Can you combine technical underwriting excellence with the entrepreneurial mindset needed to build a market-leading Property & Engineering portfolio?

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 adaptablestrategy, 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.

Please see our website for more information.

Senior Property & Engineering Underwriter (m/f/d*)

We are currently looking for a Senior Property & Engineering Underwriter to be based in Milan, Italy, on a full‑time basis, reporting to the Head of Property & Engineering, Italy.

In this role, you will contribute to the growth of Munich Re Specialty's Property & Engineering business in Italy by developing profitable business opportunities, strengthening broker and client relationships, and delivering underwriting excellence. You will play a key role in shaping our market presence while working closely with colleagues across our international network.

Responsibilities

• Support the continued growth and development of Munich Re Specialty's Property & Engineering business in Italy.
• Execute underwriting strategies aligned with regional and global business objectives.
• Identify, develop and secure profitable business opportunities while strengthening Munich Re's presence in the Italian market.
• Underwrite Property & Engineering risks and actively manage portfolio performance to ensure profitability, underwriting discipline and data quality.
• Build and maintain strong relationships with brokers, clients and distribution partners to drive sustainable growth.
• Monitor market trends, emerging risks and competitor activity to support underwriting decisions and business strategy.
• Collaborate with underwriting and cross-functional teams across claims, legal, compliance and finance, contributing to knowledge sharing and strategic initiatives.

Knowledge And Skills

• Minimum 8 years of experience in Property & Engineering underwriting.
• Strong knowledge of the Italian insurance market, including brokers, MGAs and other distribution partners.
• Proven track record of originating, underwriting and growing profitable Property & Engineering business.
• Entrepreneurial mindset with the ability to develop tailored solutions for complex client needs and identify new market opportunities.
• Excellent communication, negotiation and stakeholder management skills, with the ability to build long‑term business relationships.
• Fluency in Italian and English, with experience working in international and cross‑cultural environments and a willingness to travel when required.
• University degree and/or relevant professional qualification, combined with strong leadership and collaboration capabilities.

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!

Diversity, Equity & Inclusion

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 recognise 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.

Learn more about sustainability at Munich Re – choose your impact!

#BePresent #BeBold #BeCurious

• This job advertisement is addressed to all female and male candidates who meet the requirements, without any discrimination based on sex, gender, sexual orientation, nationality or ethnic origin, religious belief, disability, and/or any other personal or social condition.