Head of Surety Underwriting Italy (m/f/d*)

Munich Re Specialty - Global Markets (MRS-GM) is expanding its presence across Europe and seeks a Head of Surety Underwriting Italy to establish and grow our surety business in the Italian market.

Head of Surety Underwriting ItalyResponsibilities

• Lead the ramp-up of Munich Re's surety operations in Italy.
• Develop and execute the regional strategy aligned with Munich Re Specialty's broader global objectives.
• Identify and pursue new business opportunities while establishing Munich Re as a key player in the Italian surety market.
• Build, mentor, and lead a high-performing underwriting team.
• Represent Munich Re in the market, strengthening relationships with brokers, clients, and industry stakeholders.

Underwriting & Portfolio Management

• Underwrite complex surety risks including credit assessments, deal structuring, and risk analysis in line with Munich Re's underwriting guidelines.
• Lead and support restructuring and claims situations in collaboration with internal and external stakeholders.
• Monitor portfolio performance ensuring underwriting discipline, data accuracy, and profitability.
• Approve transactions within delegated authority or elevate referrals when required.

Strategy & Market Engagement

• Collaborate with the Chief of Staff / Head of Surety Strategy to implement the local surety strategy.
• Identify market trends, opportunities, and emerging risks to support informed underwriting and strategic decisions.
• Monitor competitor activity and contribute to strengthening Munich Re's market position.

Collaboration & Leadership

• Recruit, mentor, and lead a team of underwriters, fostering a culture of excellence and innovation.
• Work closely with cross-functional teams including claims, legal, compliance, and finance to ensure seamless service delivery.
• Support internal training initiatives and knowledge sharing across the organization.
• Contribute to strategic initiatives and special projects as required.

Knowledge and Skills

• Minimum 10 years' experience in surety underwriting, credit insurance, or banking.
• University graduate or equivalent education.
• Strong knowledge of surety products, financial analysis, and credit risk assessment.
• Proven track record in originating, structuring, and underwriting surety transactions.
• Strong understanding of financial markets, credit risk, and capital instruments.
• Entrepreneurial mindset with the ability to develop tailored solutions for complex client needs.
• Excellent communication, negotiation, and stakeholder management skills.
• Fluency in English and Italian; additional European languages (e.g. German or Spanish) are a plus.
• Willingness to travel and experience working in international and cross-cultural environments.
• Strong leadership capabilities with the ability to build and develop teams.

If you are motivated to play a key role in building Munich Re's surety presence in Italy, we would be delighted to hear from you.

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