Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Senior Surety Underwriter (m/f/d*) - Munich RE Italia

Location Milan, Italy Job type Full-Time Work mode Hybrid Job level Professional Job ID 13495 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting
Apply Now

What if your underwriting decisions could shape the future of surety risk in one of Europe’s most dynamic markets?

With over 50 years of experience in the Italian market, Munich Re is one of the leading reinsurance companies operating in Italy. Our Italian branch operates at the forefront of innovation, delivering tailored reinsurance solutions and identifying new opportunities in a constantly evolving risk landscape.

Based in Milan, this role sits within our Specialty Lines team and offers the opportunity to work in a highly international environment, collaborating with a global network of surety and credit experts.

As a Senior Surety Underwriter, you will play a key role in managing and growing the Italian surety portfolio, combining technical underwriting expertise with strong market engagement and a strategic mindset to drive sustainable and profitable growth

Your Job

  • Underwrite complex surety risks, including detailed credit assessments, financial analysis, and deal structuring in line with Munich Re guidelines
  • Take ownership in supporting and steering the growth of the Italian surety portfolio, ensuring underwriting discipline, profitability, and compliance
  • Continuously monitor portfolio performance, risk exposures, and trends, translating insights into actionable recommendations and strategic decisions
  • Assess and manage both treaty and single risks while proactively identifying and developing new business opportunities in the Italian market
  • Act as a trusted advisor to clients and brokers, contributing to client strategies and strengthening long-term partnerships
  • Represent Munich Re in the market, contributing to market intelligence by identifying emerging trends, risks, and opportunities
  • Collaborate closely with the global Surety & Credit network and cross-functional teams including claims, legal, compliance, and finance to deliver integrated solutions
  • Contribute to internal knowledge sharing, training initiatives, and the continuous development of underwriting expertise within the organization
  • Support reporting to the Home Office and ensure alignment with global underwriting standards and strategic priorities

Your Profile

  • Degree in Law, Business Administration, Economics, Finance, or a related field
  • 5–8 years of experience in surety underwriting (credit insurance is a plus)
  • Strong understanding of surety bonds, financial analysis, and risk assessment
  • Ability to assess contracts and legal/insurance wording
  • Analytical mindset with a solution-oriented approach
  • Client-focused, proactive, and commercially driven
  • Strong communication and interpersonal skills
  • Team player with a high level of ownership and accountability
  • Proficiency in Excel and openness to digital tools
  • Fluent business English

About us

With over 50 years of experience in the Italian market, Munich Re is one of the leading reinsurance companies operating in Italy. At Munich Re Italy, we are working to provide the best insurance solutions and pursue new insurance related opportunities for our clients.

  • You will work in an environment where we think big: Change and culture are continuously role-modeled. We create and articulate a compelling and ambitious shared purpose, vision and direction. We pave the way towards success and see failure as learning 
  • You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders 
  • We communicate in a clear & authentic way: We interact with a positive and humble spirit. We solicit feedback, ask and listen, learn and unlearn 
  • You will grow with your clients: Whatever our role, we support business, in an efficient and effective way, to create value for our clients. We embrace new ways of working leveraging digitalization to deliver solutions.
  • Join us, and experience that we lead the We: We have a passion for winning and growing as a team. We inspire people to be capable of joint performance. We create an inclusive environment.

Join us
Be part of a global leader where your expertise, ideas, and ambition will have a real impact.

Apply Now

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.

See the area you’ll be working in

Get an idea of what your daily routine around the office can be like.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.