Managing Director, MRS-GM, Germany

Company
Munich Re Specialty - Global Markets
Location
Frankfurt am Main , Germany

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, Germany

 

Munich Re Specialty was formed as a stand-alone division in 2023, and brings together the wider Munich Re group’s primary specialty business units. Complementing an already strong presence in the UK and the US, Munich Re Specialty – Global Markets (MRSGM) has been tasked with executing a wider plan to build a broader European footprint.

 

Based in Frankfurt,  the Country Head, MRSG Germany will be responsible for creating and executing a comprehensive, scalable and sustainable strategy for the German market, including but not limited to:

 

• Develop long-term relationships with global, regional and local brokers to drive business to MRS-GM, Germany
• Put “boots on the ground” – recruit and develop a local team, starting with underwriters
• Implement a scalable, efficient operating model that leads the way for further growth plans in Europe.
• Embodying the brand of MRS-GM, be the face and voice of business across Germany.
• Grow the business to EUR +80m in 5 years

 

The Role

 

• Overall responsibility for establishing and growing MRS-GM’s presence in the German market
• Ensure that MRS-GM employs effective underwriting and distribution teams that support and comply with the business plan for Germany and that Lines of Business (LoBs) are profitably underwritten
• To generate maximum return on investment for MRS-GM while maintaining our reputation and integrity, demonstrating care for clients and respect for its regulatory obligations.

 

Responsibilities

 

General Responsibility

• In close collaboration with the CEO MRS-GM Europe and other Senior Management, create and execute a comprehensive, scalable and sustainable strategy for the German market, growing the business to EUR +80m in 5 years
• Develop long-term relationships with global, regional and local brokers to drive business to MRS-GM, Germany
• Put “boots on the ground” – recruit and develop a local team, starting with underwriters
• Implement a scalable, efficient operating model that leads the way for further growth plans in Europe.
• Proactively engage with all stakeholders internationally and in Munich to ensure that all UW and business best practices are known and applied

 

Leadership: 

• Embodying the brand of MRS-GM, be the face and voice of business across Germany.
• Recruit, lead and motivate direct reports to implement our German business strategy and global underwriting strategy
• Co-ordinate and manage the underwriting team/s to achieve business objectives and targets, ensuring that they fulfil operational and regulatory requirements
• Support staff development by objective-setting via a continuous conversations approach.  
• Ensure knowledge-sharing and industry best practice to build our underwriting capability and the knowledge of our staff 

 

Business development:

• Conduct and develop effective relationships with global, regional and local brokers, key clients and Great Lakes to secure new business and strengthen existing relationships
• Conduct and develop effective relationships with local and regional market peers, to keep abreast of market developments that may affect our business effectiveness;
• Produce ad-hoc management reports as and when required;
• Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals;
• Conduct peer review, ensuring compliance with the business plan and adherence to authority limits.
• Help drive good conduct for the business to deliver the best outcomes for clients.

 

Key Skills & Experience

 

• Extensive, proven experience as a successful business leader in the primary insurance industry, with a sustained record of business development execution, in particular of delivering results internally and value to clients.
• An influential business leader, well-connected and highly regarded within the German insurance market with a portfolio of strong broker relationships.
• Demonstrate knowledge and skills within a regulated financial services business to become the approved person in the role.
• Entrepreneurial, can-do attitude, naturally curious about “what’s next”
• Strong market awareness, implementing innovative changes that impact our business positively
• Ability to develop and articulate strategic plans to gain and maintain market share, and to inspire teams to achieve ambitious goals.
• Ability to gain credibility with senior individuals, through technical and business leadership combined with professional integrity, both within and outside of the company.
• A multicultural and international mindset with excellent people, change and conflict management skills, and strong emotional intelligence - this person will be the “glue” that holds the German operation together (and be the face of it)
• Solution-oriented and commercial – “how can we make this work” rather than “I have to follow procedure”
• Ability to consistently exercise sound judgment and solve complex problems through a combination of analysis, wisdom, judgment, and experience.
• Fluent in German and English, written and spoken

 

Qualifications

 

• University Degree and/or relevant professional qualification

 

Your career with us

 

At MRSG, you’ll find the flexibility, development and support you need to excel your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance, on top of the standard features that include a non-contributory pension, private medical care, life assurance and more!

 

Diversity & Inclusion

 

Creating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We also seek to provide a fair and supportive work environment which provides learning and development opportunities for all.

 

Working together, we are an employer of choice by building the workforce for today and the future. We make it happen. Together.

 

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