What are the responsibilities and job description for the Head of Equipment Breakdown Practice position at Munich RE?
The successful candidate will serve as the Profit and Loss (P&L) owner for single-risk Equipment Breakdown (EB), driving strategic direction and growth for the business. In close collaboration with Complex Risk Solutions (CRS) leadership and other key business units, this individual will develop and implement a comprehensive strategy for the EB practice and product development, tailored to meet the unique needs of agency, broker, and wholesaler distribution channels. As a thought leader, they will stay attuned to market trends and customer needs, providing expert insights and guidance both internally and externally. With oversight of underwriting operations across all single-risk market segments, this person will champion best practices in risk evaluation, agent engagement, process optimization, and technology utilization. Ultimately, they will be accountable for delivering a seamless and efficient agent/broker experience, from submission to bound policy, and will work closely with internal stakeholders to ensure the ongoing competitiveness and profitability of our EB products in the marketplace.
Qualifications:
Education and Experience:
Bachelor's degree in Risk Management, Business, Engineering, or related discipline is preferred.
10 years' experience in the insurance and/or reinsurance industry, with 3 years' experience in the EB or Property insurance segment.
Commercial Underwriting and Business Development experience preferred
CPCU or relevant insurance industry designation preferred
Experience in driving strategic initiatives and/or project management
Deep knowledge of competitive landscape and competitor practices in underwriting, process, distribution preferred.
Knowledge and Skills:
Leadership skills
Strong teamwork
Highly analytical
Strong organizational skills
Interpersonal/Relationship Management skills
Negotiation skills
Excellent problem solving skills
General Industry knowledge
Insurance Concepts/knowledge
Product knowledge products
Communication skills (verbal and written)
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.