What are the responsibilities and job description for the Portfolio Underwriter position at ERGO | Munich Re | MEAG?
The Portfolio Underwriter at HSB is responsible for driving profitable growth and long-term portfolio performance through the design, negotiation, and stewardship of white-label embedded programs. Acting as a strategic underwriting leader and trusted advisor, the role applies advanced underwriting judgment, analytics, and product expertise to develop tailored solutions that align client objectives with HSB’s risk appetite, financial goals, and market strategy.
The role maintains full ownership of assigned client portfolios, proactively managing underwriting performance, pricing adequacy, and risk quality across the lifecycle of each program. In close partnership with clients and the Client Integration Team, the Portfolio Underwriter leads ongoing portfolio monitoring, client reviews, and program evolution – using claims, engineering, exposure, and financial insights to address emerging risks, strengthen retention, and optimize long-term outcomes.
As an internal champion and market-facing thought leader, the Portfolio Underwriter collaborates across underwriting, product, operations, and business development to influence product strategy, improve processes, and deliver differentiated solutions. By balancing client advocacy with underwriting discipline, the role ensures programs remain market-relevant, compliant, and financially sound while creating sustained value for both HSB and its clients.
Education and Experience
- Bachelor’s degree or equivalent work experience is required
- 5 years of P&C insurance/reinsurance experience is required;
- 3 years of underwriting experience is preferred
- Demonstrated understanding of commercial and personal lines insurance and reinsurance coverage, concepts, principles, exposures and processes to drive profitable results
- Demonstrated ability to translate large data analysis into actionable decisions
- Demonstrated understanding of rate development (pure premium), price segmentation & detecting leading loss trends
- Past experience with responsibility for achieving profit and growth targets for a book a business
- Demonstrated experience with negotiation and conflict resolution
- Exhibited ability to develop creative and unique solutions
- HSB product knowledge and previous experience and familiarity with HSB is desired
Knowledge and Skills
- Financial statement (business finance) knowledge and analysis
- General insurance/reinsurance industry knowledge
- Presentation skills
- Strong interpersonal, written, and verbal communication skills
- Portfolio analysis
- HSB product knowledge
- Organization and time management skills
- Consultative and strategic negotiation skills
- Strong project management skills to manage multiple concurrent projects and issues
- PC skills (Excel, PowerPoint, Power BI, and Word)
- Detail-oriented
- Action-oriented with strong analytical, actuarial, statistical, innovation, and persuasion skills to influence change
- Naturally curious and inquisitive to identify issues and solve problems
- Resourceful in order to research issues, assemble support, and recommend creative solutions to underwriting issues
At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.
We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.