Are you a reinsurance professional with a passion for engineering risk and a drive to shape the future of infrastructure and construction insurance? Swiss Re is looking for a sharp, curious, and client-focused underwriter to join our dynamic Engineering team in Munich. If you thrive in a technically complex, internationally connected environment — this is your opportunity to make a real impact.
About the Role
As a (Senior) Engineering Reinsurance Underwriter, you will be at the heart of Swiss Re's Engineering underwriting operations, developing and managing treaty and facultative reinsurance business across the German, Austrian, and Nordic markets - while also supporting broader EMEA activities. This is a role where technical expertise meets client strategy, and where your decisions directly contribute to Swiss Re's market-leading position in Engineering reinsurance.
Key Responsibilities
- Underwrite Engineering treaty and facultative business with a primary focus on Germany, Austria and the Nordic markets, including thorough technical and actuarial assessments, wording reviews, and client negotiations
- Conduct post-underwriting activities such as risk surveys, portfolio reviews, treaty and facultative account servicing, and claims support to ensure ongoing client satisfaction
- Source and develop new Engineering business by deepening relationships with insurance companies and brokers - positioning Swiss Re as the preferred partner for construction, infrastructure, parametric, and renewable energy covers
- Strengthen Swiss Re's leading market position in the German, Austrian, and Nordic engineering reinsurance space in alignment with company strategy
- Deliver expert client service through timely advice, special acceptances, training sessions, and workshops that add tangible value
- Drive product innovation by collaborating with clients to design tailored, forward-thinking reinsurance solutions that address emerging technological risks
- Enhance Swiss Re's external visibility on Engineering topics through participation in market events, thought leadership articles, and social media engagement
- Collaborate across business units to jointly identify and develop new business opportunities within Transactions and Solutions
- Actively contribute to the Swiss Re Global Engineering community through knowledge sharing, special projects, and research initiatives
- Support the implementation of strategic initiatives for the Special Lines business
About the Team
We are a large, international Global Engineering team with a presence in 14 offices around the world. Our mission is to conduct in-depth risk assessments and develop innovative reinsurance solutions for our insurance clients. The team brings together a rich diversity of technical and scientific backgrounds and experiences, united by a strong team spirit and a shared commitment to excellence. We are also at the forefront of developing creative, cutting-edge solutions that address the latest technological developments and their impact on our clients' evolving risk profiles.
About You
You are an intellectually curious and collaborative professional who combines strong analytical thinking with excellent interpersonal skills. You are comfortable navigating complexity and ambiguity, and you bring both technical depth and a genuine client-first mindset to everything you do. You communicate with confidence, build trust naturally, and are motivated by the opportunity to contribute to a global team that is shaping the future of engineering reinsurance.
We are looking for candidates who meet these requirements:
- 3+ years of experience in the (re)insurance industry, with a preference for Engineering Lines underwriting experience
- Strong analytical skills with solid proficiency in common IT applications used in underwriting and risk assessment
- Proficiency in English and German (written and spoken) to effectively engage with clients and colleagues across markets
These are additional nice to haves:
- University degree in a scientific, commercial, engineering, or Computer Science field Experience in client markets or other lines of business such as facultative reinsurance or specialty lines
- Interest and aptitude for technical topics, including construction, infrastructure, parametric covers, and renewable energy
- Knowledge of additional languages beyond English and German
- Experience working in or with Nordic or Austrian markets
- Demonstrated ability to work under pressure and make sound decisions in ambiguous or fast-moving situations
- Willingness to travel moderately for client meetings, market events, and team engagements
- A collaborative, team-oriented approach with a high degree of client orientation
Salary Information
For Germany, the base salary range for the Underwriter position is between 71 000 EUR and 118 000 EUR and for the Senior Underwriter position between 99 000 EUR and 165 000 EUR for a full-time role.
The specific salary offered considers:
- The requirements, scope, complexity and responsibilities of the role
- The applicant's own profile including education/qualifications, expertise, specialisation, skills and experience
In addition to your base salary, Swiss Re offers an attractive performance-based variable compensation component, designed to recognise your achievements. Furthermore, you will enjoy a variety of global and location specific benefits. Eligibility may vary depending on the terms of Swiss Re policies and your employment contract
About Swiss Re
Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 15,000 employees across the world.
Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.
If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.
We may use AI-powered tools to support the review and evaluation of applications for this position. These tools provide additional insights to our recruitment teams, but all hiring decisions are carefully reviewed and made by people. To learn more about how we use AI in recruitment and how we handle your personal data, please review our Data Privacy Statement before applying.
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