Head of Environmental Liability

About the role

We are adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our business units and clients.

The Opportunity

Future focused and always one step ahead!

We are seeking to add an experienced leader to help support the launch for our new specialty Environmental product located in New York, Philadelphia, Chicago or Atlanta. As the Head of Environmental, you will be responsible for building and executing a products and professional liability solution in support of the industry.

Key Responsibilities

• Drive the product development, strategy, and production for specialty environmental products including site, contracting, CPL and UST products, as well as the retention and growth of profitable products to support the growing environmental liability market segment.
• Lead the build out, creation and maintenance of the environmental underwriting team
• Attract, manage and mentor a team of underwriters, providing guidance and support.
• Drive the distribution strategy by cultivating new and existing broker relationships that includes development and execution of production strategies and business plans to implement and maximize growth objectives and rate goals.
• Develop and execute underwriting strategy and appetite
• Measure and optimize portfolio progress by reviewing and analyzing underwriting data and monitoring industry best practices to identify opportunities for continuous improvement
• Underwrite, market, quote, bind and retain a profitable book of specialty business that meets profitability and growth targets.
• Operate within granted authority and make referrals to underwriting leadership as appropriate.
• Cultivate and maintain strong relationships with brokers and insured parties across the U.S.
• Coordinate with other Munich Re business units is expected and encouraged to identify potential bundle and cross-sell opportunities to offer the best holistic solutions to our clients.
• Collaborate with cross-functional teams to ensure alignment and execution of business objective
• Maintain Underwriting governance across the team
• Represent the Munich Re brand and Munich Re Specialty Insurance at client events, seminars, meetings, etc.

Qualifications

• Advanced working knowledge of Environmental products and pricing, UW processes and procedures, market and competition, laws and regulations, strategic planning, and relevant industry trends that have been developed in 10+ years of experience
• Experience in managing a P&L
• Experience with attracting, motivating, organizing and driving underwriting talent toward a mutual goal
• Excellent underwriting, marketing and analytical skills that have been developed in +10 years of experience
• Successful track record of developing and maintaining strong relationships with brokers
• Ability to think strategically and function tactically
• Strong ability to lead, manage and effectively influence peers.
• Exceptional communication skills that energize and engage brokers, clients and colleagues and the ability to convey a vision and client-focused solutions
• Able to present and negotiate complex agreements with brokers and internal stakeholders, as well as develop and maintain strong relationships
• Effective time management and organizational skills
• Tech savviness and a willingness to experiment with and learn new technologies
• Willingness to travel up to 25%

Benefits

We are proud to offer our employees, their domestic partners, and their children, a wide range of insurance benefits:

• Two options for your health insurance plan (PPO or High Deductible).
• Prescription drug coverage (included in your health insurance plan).
• Vision and dental insurance plans.
• Additional insurance coverages provided at no cost to you, such as basic life insurance equal to 1x annual salary and AD&D coverage that is equal to 1x annual salary.
• Short and Long Term Disability coverage.
• Supplemental Life and AD&D plans that you can purchase for yourself and dependents (includes Spouse/domestic partner and children).
• Voluntary Benefit plans that supplement your health and life insurance plans (Accident, Critical Illness and Hospital Indemnity).

In addition to the above insurance offerings, our employees also enjoy:

• A robust 401k plan with up to a 5% employer match
• An employee wellness program
• Life and disability insurance
• Paid time off that begins with 24 days each year, with more days added when you celebrate milestone service anniversaries.
• Eligibility to receive a yearly bonus as a Munich Re employee.
• A variety of health and wellness programs provided at no cost.
• Paid time off to volunteer in your community.