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Marine Underwriter

Location São Paulo, Brazil Job type Full-Time Work mode Hybrid Job level Professional Job ID 11796 Company Munich Re Employment type Regular Area of expertise Claims & Underwriting
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Key Responsibilities

  • Underwrite both treaty and single risks within the Marine sector. This encompasses risk assessment, pricing, and negotiating with clients.
  • Support portfolio management by seeking new business opportunities and monitoring the ongoing development of the portfolio.
  • Maintain a close relationship with the Munich headquarters to ensure adherence to Group guidelines, strategic direction, and profitability standards. Foster collaboration with local internal stakeholders, including the Claims and Back Office departments, to sustain and grow a profitable portfolio.
  • Underwrite both new and renewal Marine reinsurance business, covering all aspects of risk and coverage analysis, pricing, and negotiation of terms and conditions. Work to elevate Munich Re’s profile throughout the LATAM market.
  • Closely monitor treaty and facultative risk performance within the portfolio by analysing both internal and external data to ensure expected profitability, taking necessary measures when required.
  • Drive the development of both traditional and non-traditional reinsurance solutions by maintaining close contact with clients, brokers, and risk management companies to understand market needs.
  • Support the development and implementation of the Company’s strategy for Marine business across the Latin American region.
  • Monitor ongoing market developments and maintain regular communication with clients on Marine-related matters, working collaboratively with cross-functional teams and other internal stakeholders as needed.
  • Work alongside international colleagues within the marine hubs to expand the range of products, solutions, and services Munich Re can offer its clients.
  • Represent Munich Re at industry conferences, client seminars, and market events as a subject-matter expert in Marine reinsurance. Deliver presentations and foster thought leadership within the market.
  • Contribute to the development of Munich Re’s brand positioning and knowledge-sharing initiatives by preparing articles, presentations, and internal/external communications on Marine insurance topics.
  • Collaborate with Business Development and Communications teams to identify opportunities for strategic visibility and engagement with key stakeholders.
  • Support innovation by identifying opportunities to integrate emerging trends into underwriting processes and client solutions.

Your Profile

  • Bachelor’s degree.
  • At least 3–5 years of relevant underwriting experience; marine sector knowledge is considered an advantage.
  • Solid understanding of the LATAM marine market’s operations.
  • Expertise in structuring and pricing reinsurance programmes.
  • Excellent written and spoken communication skills in Portuguese, Spanish, and English, reflecting the international scope of the position.
  • Proven history of effective teamwork and interface management.
  • Confident and engaging demeanour, with strong negotiation skills and a client-focused approach.
  • High level of commitment to the role and willingness to travel as required.
  • Strong presentation and public-speaking skills, with the ability to represent Munich Re confidently in client and market forums.
  • Strategic mindset with the ability to identify long-term market trends and translate them into actionable underwriting or business initiatives.
  • Analytical and data-driven approach combined with commercial acumen to balance profitability and growth.
  • Open-minded and innovative thinker able to work across cultural and functional boundaries within a global organization.
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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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