Job Description

Intermediary – North American Specialty & Lloyd’s Solutions

Organization Overview Munich Re Specialty North America stands as a premier authority in bridging US coverholders and intermediaries with adaptable, pioneering insurance frameworks. Operating as an official Lloyd’s Broker and a wholly-owned subsidiary of Munich Re, we leverage the vast risk appetite and technical prowess of one of the world’s most successful insurance conglomerates. We specialize in the underwriting and capacity management of US Excess and Surplus (E&S) lines, offering a unique hybrid of in-house binding authority and direct access to Lloyd’s and London Market carriers.

The Role Based in our London headquarters, the Intermediary will be responsible for the end-to-end management and negotiation of new and renewal accounts. You will act as a vital link between US clients and the London insurance market, focusing on data-driven performance analysis and the cultivation of strategic business alliances. This role is ideal for a proactive professional eager to navigate complex international risk placements.

Daily Accountabilities

Cultivate and sustain influential partnerships with global clients and insurance markets.
Direct the complete placement lifecycle for assigned contracts, specifically:
- Formulating comprehensive renewal presentations.
- Tracking US contract timelines to guarantee punctual issuance.
- Generating data-driven performance metrics and statistical reports.
- Finalizing mandatory brokerage documentation, including TCF forms and business plans.
- Managing and reconciling temporary table transactions.
Coordinate with internal Claims and Underwriting units to resolve technical inquiries.
Oversee both renewal and new “open market” risk profiles.
Detect and pursue emerging business avenues to fuel organizational growth.
Collaborate with the Data Analytics division to refine and enhance reporting tools.
Ensure the integrity and precision of departmental data sets.
Provide strategic support to the Chief Broking Officer and Head of Broking.
Actively participate in team-wide knowledge sharing and skill development.
Represent the firm during US-based client visits and industry travel as required.

Candidate Requirements

Demonstrated enthusiasm for the insurance sector with an ambitious, growth-oriented mindset.
Strong aptitude for relationship management and professional networking.
Proficiency in data analysis and the interpretation of statistical trends.
Excellent presentation and communication skills.
Foundational knowledge of Lloyd’s, the London Market, and E&S insurance products.
Meticulous attention to detail in document preparation (MRCs, checklists, etc.).
Ability to solve complex problems and resolve multi-stakeholder queries proactively.
Collaborative spirit with the capacity to work effectively in a hybrid team environment.

Job Data Table

Category	Details
Company Name	Munich Re Specialty North America (ERGO
Location	London, United Kingdom
Locality	1 Fen Court, London (EC3M 5BN)
Country	United Kingdom
City	London
Region	Greater London
Job Type	Full-time, Permanent
Salaries	Competitive (Commensurate with experience)
Experience Level	Professional (specializing in US E&S / Lloyd’s)
Travel	Required (US travel and client visits)
Language	English
Benefits	Private Medical, 25+ Days Holiday, Hybrid Work, £550 Wellbeing Allowance

Skills & Competency Table

Key Skill	Level
Relationship Management	Expert
Negotiation	Advanced
Data & Performance Analysis	Advanced
Lloyd’s Market Process	Advanced
US E&S Product Knowledge	Intermediate
Statistical Reporting	Intermediate

Salaries Pay Calculator Table

Annual Salary	Bonus	Total Compensation	Notes
£45,000 – £75,000	Performance-based	£50,000 – £85,000	Estimated range for London brokers. 2026 data shows average base of ~£88k across Munich Re North America roles.
£35,000 – £42,000	Discretionary	£38,000 – £46,000	Typical starting range for junior/graduate entries in London specialty markets.

Job Summary

This London-based Broker role at Munich Re Specialty North America involves managing the full placement cycle for US Excess & Surplus (E&S) risks. You will negotiate with Lloyd’s and London markets, perform data analysis, and build client relationships. It offers hybrid flexibility, international travel, and access to a global insurance powerhouse.

FAQs

Where is the office located? The office is located at 1 Fen Court, London, EC3M 5BN, near the heart of the insurance district.

What is the hybrid working policy? The firm supports a work-from-home arrangement for up to a maximum of three days per week.

Does the role involve international travel? Yes, the position requires participation in US-based travel and client visits as part of business development.

What specific insurance market will I work in? You will be working primarily with US Excess and Surplus (E&S) lines, Lloyd’s, and London Market companies.

Are there benefits for family members? Yes, private medical insurance is provided for employees, their partners, and their families.

Expert Analysis

In 2026, Munich Re’s focus on integrating “Data Analytics” into the traditional broker role is a significant industry shift. This position isn’t just about negotiation; it’s about “Data Stewardship.” For candidates, the 26-week full-pay gender-neutral family leave policy is among the most competitive in the City of London’s insurance sector.

Location & Logistics Guide

The role is located at 1 Fen Court in the EC3 district, the historical and modern epicenter of the global insurance industry. It is a few minutes’ walk from the Lloyd’s of London building and Fenchurch Street station, making it highly accessible for market-facing professionals. https://en.wikipedia.org/wiki/City_of_London

Career Path

A Broker at Munich Re Specialty typically advances to a Senior Broker or Head of a specific Business Class. Given the company’s global footprint, lateral moves into Underwriting, Capacity Management, or leadership roles in US or German offices (eg, Munich or Princeton) are common and encouraged through “Continuous Conversations.”

To apply for this job please visit careers.munichre.com.