Senior Financial Lines Facultative Underwriter

Faraday; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading reinsurance company is looking for a Senior Financial Lines Facultative Underwriting Specialist in London. The ideal candidate will have experience in Financial Lines underwriting and will be responsible for developing a profitable book of business, marketing products directly, and underwriting reinsurance schemes. Strong interpersonal and negotiation skills along with a proven track record in creating and managing Financial Lines portfolios are essential. The role promises a collaborative work environment and competitive remuneration.

Benefits

Market-competitive remuneration package

Inclusive work environment

Comprehensive employee benefits

Qualifications

• A proven track record of building, growing and profitably underwriting a sustainable Financial Lines portfolio.
• Excellent interpersonal, negotiation and communication skills.
• Strong organizational and time management skills.

Responsibilities

• Develop a profitable book of Financial Lines facultative business for UK and Ireland clients.
• Market the Cas Fac product directly to clients.
• Underwrite and negotiate facultative individual risks in Financial Lines.

Skills

Building and growing a Financial Lines portfolio

Interpersonal skills

Negotiation skills

Time management

Relationship management

Education

University Degree

ACII qualification

Tools

Microsoft Office

Job description

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 37 offices, we have earned superior financial strength ratings from each of the major rating agencies.

We currently offer an excellent opportunity for a Senior Financial Lines Facultative Underwriting Specialist in our London Office. The role would suit a forward-thinking team player with experience in Financial Lines Underwriting. The ideal candidate will enjoy working in collaborative teams with excellent communication and interpersonal skills, and will thrive in the environment of client interaction.

Key Responsibilities

• The development and growth of a profitable book of Financial Lines facultative business for cedents located in the UK and Ireland on a single risk and/or “bundled” basis.
• The marketing of the Cas Fac product on a direct (non-broker) basis to new and existing cedent clients.
• The underwriting, pricing, structuring and negotiating facultative individual risk or bundled reinsurance schemes, programs or delegated authority arrangements in Financial Lines products and the wider Cas Fac product offering.
• To act as a central resource for Financial Lines technical underwriting for the London branch and other branches within the International Cas Fac network.

Qualifications & Experience

• A proven track record of building, growing and profitably underwriting a sustainable Financial Lines portfolio.
• A product specialization in Professional Indemnity or Medical Malpractice.
• Knowledge and experience in other Financial Lines classes such as commercial D&O and/or Financial Institutions products favourable but not essential.
• Superior technical underwriting background.
• Commercial and customer focused mindset.
• Established network of relationships within the London market.
• Excellent interpersonal, negotiation and communication skills with the capacity to work effectively in a collaborative team environment.
• Skills as teacher, mentor and technical underwriting advisor to less experienced underwriters.
• High degree of energy / tenacity and a motivation to develop a deeper understanding of a broad range of liability products.
• Experience in strategy and business planning to support department goals.
• Strong organizational and time management skills.
• Strong Microsoft Office skills.
• University Degree favourable but not essential.
• ACII qualification favourable but not essential.

We Offer You

• Highly professional and inclusive work environment that values excellence, integrity, personal responsibility and the unique talent of each employee.
• Flat management hierarchy and team-based environment that promote collaboration and free-flowing communication.
• Market‑competitive remuneration package commensurate with experience and qualifications, with a comprehensive suite of employee benefits.

Our Address

General Reinsurance, London Branch
Corn Exchange
55 Mark Lane
London, EC3R 7NE (UK)

It is the continuing policy of the Gen Re Group to afford Equal Opportunity to qualified individuals without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or citizenship, sexual orientation, gender identity, or any characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.