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F&C Property & Engineering Underwriter (m/f/d)* - Munich RE Mexico

Location Mexico City, Mexico Job type Full-Time Work mode Hybrid Job level Professional Job ID 13303 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting
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Ready to shape the future of Property & Engineering reinsurance in  México and Central America including Panamá

We are currently looking for a Property & Engineering Underwriter to join our Facultative & Corporate (F&C) team, with a primary focus on México and Central America including Panamá. In this role, you will contribute to the development of our single risk facultative business, supporting clients with tailored reinsurance solutions across complex Property and Engineering risks in the region. 

Within our F&C unit, we deliver tailor-made reinsurance solutions for complex single risks and large corporate exposures, combining deep technical expertise with a strong client-centric approach. You will work closely with clients and brokers to understand their needs, assess technical risks, and provide customized underwriting solutions, while collaborating with regional and global teams to ensure sustainable portfolio growth and market relevance. 

As part of the Munich Re Group, you will be exposed to an international, collaborative environment with strong interaction across Latin America and global stakeholders.

Your Responsibilities

  • Underwrite Property & Engineering single risk facultative business across Mexico and Central America, taking ownership of risk assessment and pricing decisions in line with underwriting guidelines and risk appetite. 
  • Assess complex property and engineering risks, including construction, infrastructure, and power-related exposures, applying sound technical judgment and market knowledge. 
  • Build, develop, and maintain strong relationships with clients and brokers across the region, acting as a trusted partner, supporting business development initiatives, and contributing to the expansion of the regional portfolio.
  • Contribute to the growth and development of the Property & Engineering portfolio, supporting strategic initiatives and ensuring long-term profitability. 
  • Proactively originate and structure reinsurance opportunities, working closely with clients to design tailored solutions for complex risks. 
  • Monitor and manage the assigned book of business, ensuring alignment with portfolio targets, performance expectations, and overall business strategy. 
  • Collaborate closely with cross-functional teams, including Client Management, Claims, and regional underwriting teams, to ensure a seamless client experience and effective decision-making. 
  • Engage in client meetings, negotiations, and technical discussions, representing Munich Re in the market and strengthening our positioning. 
  • Leverage data and underwriting tools to support risk analysis, portfolio insights, and informed decision-making. 
  • Contribute to knowledge sharing and continuous improvement, supporting a collaborative and high-performance team environment. 

Your Profile

  • Preferable degree in Engineering (Mechanical, Electrical, Industrial, Civil, or equivalent). 
  • 3+ years of experience in Property and/or Engineering underwriting, ideally in single risk facultative business. 
  • Practical experience in engineering environments (e.g., civil works, power utilities) is a strong plus. 
  • Strong analytical and underwriting capabilities, with the ability to assess complex technical and property risks. 
  • Excellent communication and interpersonal skills, with strong client orientation and teamwork mindset. 
  • Adaptability and willingness to travel within the region. 
  • Experience or affinity with **data management** is an asset. 
  • Fluent Spanish and business-level English (written and spoken) are mandatory. 
  • Intercultural competences are a plus.

We live “Not if, but how.”

 About us

As the world's leading reinsurance company with more than 11,000 employees at over 50 locations, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into a manageable risk we enable fundamental change. Join us working on topics today to concern society tomorrow, whether that be climate change, major construction projects, medical risk assessment or even space travel. Together we embrace a culture where multiskilled teams dare to think big. We create the new and the different for our clients and cultivate innovation. Sounds like you? Join us at Munich Re and Push Boundaries. With us.

*Munich Re not only stands for fairness with regard to its clients; it is also an equal opportunities employer. Severely disabled candidates will also be prioritized, if equally qualified.

#LI-Hybrid

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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