Legal Consultant, Property/Casualty Underwriting
vor 2 Stunden
The division EULA1 serves clients in the UK, Ireland, the Nordics, and the Netherlands – distinct and competitive (re-)insurance markets. We manage a diverse portfolio of clients with individual and complex reinsurance programs. Our vision is to lead in profitability by being a trusted, long-term and strategic partner offering unique expertise and capacity.
Our strategy centers on business excellence, profitable growth with strategic partners, and exploring new opportunities in areas like Cyber. Beyond traditional reinsurance, our Property and Casualty portfolio includes primary insurance-related solutions.
To strengthen our legal team, we are seeking a qualified and motivated Legal Consultant in Property/Casualty Underwriting. You will join a committed team with diverse backgrounds and experience across multiple lines of business and markets. In this role, you will work closely with underwriters and managers on legal matters and support negotiations with clients, brokers, and their lawyers.
The advertised position reports to the head of the department and is based in Munich.
YOUR JOB
- Provide legal support to underwriters and managers on all reinsurance and insurance related contract law matters, including advising on contract issues, drafting legal agreements and clauses, reviewing non-disclosure/confidentiality agreements and ensuring adherence to internal guidelines.
- Influence and ensure high-quality contract wordings within the business area by leveraging Munich Re's wording governance tools, including future AI-augmented applications
- Collaborate closely with Claims units in London, Munich, or Canada on complex claims
- Train underwriters on relevant legal topics and guidelines, and actively contribute as a member of our internal global (legal) expert network
- Translate lessons learned from real-life cases (e.g., claims) into more effective reinsurance agreements and contract clauses
- Support negotiations with clients and brokers in close coordination with underwriters and client managers
YOUR PROFILE
- Legal education (1st and 2nd state examination) or an equivalent degree from another jurisdiction, a degree from an Anglo-Saxon jurisdiction is a plus (e.g. LLB, LLM and/or qualifications or certified to work as Solicitor/Barrister)
- Knowledge of (re)insurance contract law, combined with experience in underwriting or another area of (re)insurance, would be a clear advantage.
- Confident in advising and applying guidelines and internal and external regulations
- Strong ability to understand complex legal and economic concepts and processes
- Ability to find the right balance between legal accuracy and pragmatism
- Strong willingness to apply future AI-augmented applications in contract assessment and design
- Team-oriented but self-confident appearance, with a preference for direct interaction with clients and brokers
- Proactive and enthusiastic about driving business initiatives, taking responsibility, and supporting teams with guidance
- Fluent in English, both written and spoken
Application Instructions
In order to consider your application, we require your application to be submitted via our online applicant portal. In addition to uploading your CV, we recommend writing a cover letter to tell us more about why the position is of interest to you.
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 that will 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? Push boundaries with us and be part of Munich Re.
Our employees are our greatest strength. That's why we offer them a wide range of benefits. You can find some examples below.
Unlock your potential
- Diversity, Equity & Inclusion: we embrace the power of differences and are convinced that diversity fosters innovation and resilience and enables us to act braver and better.
- Continuous Learning: we believe that continuous learning is a key differentiator and critical for building new skills and accelerating growth.
- Career Mobility: we actively support career mobility, and our strong global and regional presence offers a wealth of career growth opportunities for you.
Rewards & Recognition
- Competitive salary: appropriate compensation for your high level of commitment.
- Retirement provision: state of the art in-house pension solutions.
- Work-life balance: promoting the compatibility of family and work in addition to overall work-life balance.
- Health management: focus on your physical and mental health far beyond legal requirements.
- Hybrid working: living the best of both worlds – we offer you a very flexible approach as well as the opportunity to work from abroad on an occasional basis.
- 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.
Münchener Rückversicherungs-Gesellschaft
Yamina Djurisic
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