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Managing Director - MRS-GM Italy (m/f/d*)

Location Milan, Italy Job type Full-Time Work mode Hybrid Job level Management & Leadership Job ID 12519 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Client & Customer Management
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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.

Please see our website for more information.

Managing Director, MRS-GM Italy

Munich Re Specialty was formed as a stand-alone division in 2023, bringing together the wider Munich Re Group’s primary specialty insurance businesses. Building on strong foundations in the UK and the US, Munich Re Specialty – Global Markets (MRS‑GM) is executing an ambitious strategy to expand its footprint across key European markets.

As part of this growth journey, we are seeking a Managing Director, MRS‑GM Italy, to establish, lead, and grow our presence in the Italian market.

This is a senior, market‑facing leadership role with full accountability for defining and executing the Italian business strategy, building local underwriting and distribution capabilities, and establishing Munich Re Specialty’s Italian operations from the ground up. As Managing Director, you will define and execute the local strategy, build a high‑performing team, and act as the face and voice of Munich Re Specialty in Italy.

Working in close collaboration with senior leaders across Europe and the wider Munich Re Group, you will combine entrepreneurial drive with disciplined underwriting and operational excellence to deliver sustainable and profitable growth, while upholding Munich Re’s reputation for integrity and quality.

This role is ideally suited to an influential, market‑facing leader who enjoys building businesses, developing teams, and shaping strategy within a global specialty insurance environment.

The role reports to the CEO, MRS‑GM Europe.

Responsibilities

Strategic & Business Leadership

  • Create and execute a comprehensive, scalable, and sustainable strategy for the Italian market, aligned with MRS‑GM’s European and global objectives.
  • Establish Munich Re Specialty’s presence in Italy, growing the business to EUR 100m+ within five years with a focus on the middle market.
  • Implement an efficient and scalable operating model that supports long‑term growth and future European expansion.
  • Act as the face and voice of MRS‑GM in Italy, embodying and representing the Munich Re Specialty brand in the market.

Market Development & Client Engagement

  • Develop and maintain long‑term relationships with global, regional, and local brokers, MGAs, and key clients to drive new business and strengthen existing partnerships.
  • Actively monitor market developments, competitor activity, and emerging opportunities to enhance MRS‑GM’s market positioning.
  • Proactively engage with internal stakeholders locally and internationally (including London and Munich), as well as Reinsurance, Facultative & Corporate and Great Lakes, to ensure underwriting and business best practices are applied.

Leadership & People Development

  • Recruit, develop, and lead a local Italian team from the ground up (‘boots on the ground’), starting with underwriting capabilities.
  • Set clear objectives and support staff development through continuous performance conversations, coaching, and knowledge sharing.
  • Ensure that all team members meet operational, regulatory, and compliance requirements.

Governance, Performance & Risk Management

  • Ensure that underwriting, distribution, and operational activities align with the Italian business plan and global underwriting strategy.
  • Oversee portfolio performance, ensuring disciplined underwriting, regulatory compliance, and sustainable profitability, working in close partnership with Great Lakes Italy to support adherence to governance and regulatory standards.
  • Conduct peer reviews and ensure adherence to delegated authorities, company procedures, and compliance standards.
  • Produce management reports and insights as required to support decision‑making and performance tracking.
  • Ensure adherence to delegated authorities, company procedures, and compliance standards through peer review and disciplined oversight.

Knowledge and Skills

  • Extensive, proven experience as a senior business leader within the primary insurance market in Italy, with a strong track record of delivering profitable growth.
  • Highly regarded and well‑connected within the Italian insurance market, with an established portfolio of senior broker relationships.
  • Strong understanding of operating within a regulated financial services environment, with the ability to act as an approved senior person in the role.
  • Entrepreneurial, resilient, and comfortable building operations in an evolving or greenfield setup.
  • Strategic thinker with the ability to articulate and execute ambitious business plans while inspiring teams to deliver results.
  • Strong commercial judgment, solution‑oriented mindset, and ability to balance innovation with governance.
  • Credibility at senior stakeholder level, underpinned by integrity, professionalism, and sound decision‑making.
  • International mindset with strong people leadership, change management, and emotional intelligence.
  • Fluent in Italian and English, written and spoken.

If you are motivated by the opportunity to establish and lead Munich Re Specialty – Global Markets in Italy, we would be delighted to hear from you.

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

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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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