Senior Underwriter, Marine Energy
- Mitsui Sumitomo Insurance Company (Europe) Ltd
- Bermuda
- 6mo ago
- Full-Time
- On-site
MS Reinsurance is a global reinsurer domiciled in Switzerland with underwriting offices in Zurich, Bermuda, Miami, and New York. The Company underwrites non-life treaty reinsurance solutions on a worldwide basis through its three business units: Americas, International, and Specialty Lines. As part of the world-leading insurance group MS&AD, MS Reinsurance combines reliability and agility to make its clients’ businesses stronger. With a drive to move quickly and a commitment to long term partnership, MS Reinsurance supports its partners with the momentum and stability they can build on.
Reporting directly to the Head of Specialty Property, working as part of the team, you will be responsible for building a profitable and diversified portfolio including all underwriting-related functions associated with the administration of a worldwide book of Marine & Energy reinsurance business.
Underwrite Marine & Energy treaty business in accordance with underwriting and pricing guidelines
Collaborate with Head of Specialty Property to design a strategy that addresses both the broader marketplace as well as client-specific plans.
Maintain close working relationship with regional office to ensure the effective execution of strategy
Visit various clients and brokers globally to identify, develop and maintain relationships
Maintain regular communication with the claims team to help deliver a high standard of claims service. Additionally, participate in quarterly meetings to assess and ensure the adequacy of reserves
Monitor exposures on a quarterly basis to ensure compliance with tolerance guidelines
Stay informed on industry developments, emerging risks (e.g., climate change, geopolitical shifts), and competitor activity to inform underwriting strategy.
Represent the company at industry events, conferences, and panels to enhance visibility and thought leadership.
Identify opportunities to improve underwriting processes, tools, and workflows, including the use of data analytics and automation.
Collaborate with technology and operations teams to implement enhancements that support underwriting efficiency and accuracy.
Work closely with other specialty lines (e.g., property, casualty, renewables) to identify cross-selling opportunities and ensure cohesive client solutions.
Mentor assistants on their journey to becoming underwriters by sharing experience and helping them develop their skills
University degree with progress towards a recognized insurance qualification
7 – 10 years of reinsurance underwriting in Marine/Energy related lines, with a strong underwriting of global market and risk dynamics.
Proven track record of assessing and pricing complex risks in a similar environment
Proficient in risk assessment methodologies, loss modeling, and exposure analysis.
Ability to interpret engineering reports, technical specifications, and environmental impact assessments.
Demonstrated ability in making underwriting decisions while balancing risk appetite and profitability.
Experience applying underwriting guidelines and negotiation terms.
Familiarity with global marine energy insurance markets, regulatory frameworks, and emerging trends.
Excellent written and verbal communication skills, with the ability to explain complex technical concepts across a global matrix structure.
Strong interpersonal skills and experience working cross-functionally with claims, actuarial, legal.
Proficiency in MS-office products and other relevant tools for data analysis and reporting (ie. Power BI)
Proficient in English. Additional languages are an advantage.
Make your mark with us. At MS Reinsurance, we’re big enough to make a difference and small enough that everyone counts.
We offer an entrepreneurial culture, where there’s less hierarchy and more action, and room for innovation. Here, you’ll have the power to drive real change and shape our path ahead.
Join a place where ambition can become reality, with development and platforms that support where you want to go next. Together, we'll help you discover your potential as we expand ours.
We live day-to-day by our values: collaborative, progressive, empowering, and responsible. This means you’ll join a team which upholds mutual trust and treats each other with respect. While teamwork is at the heart of our approach to reinsurance, we don’t expect our team to think alike; at MS Re, we don’t just welcome your differences, we believe they’re essential to our success.
Does this sound like a culture you want to be part of? Find out more about what we offer on our website and apply today!
In case of questions, please contact us via email: careers@msreinsurance.com
Note that we will only consider applicants eligible to work in Bermuda.
MS Reinsurance is the market-facing brand of the risk carrying legal entity MS Amlin AG, a global reinsurer domiciled in Switzerland and operating in Bermuda as MS Amlin AG, Bermuda Branch, in the United States through MS Amlin Reinsurance Managers, Inc, and in Labuan, Malaysia as MS Amlin AG, Labuan Branch.
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