Faraday is part of the General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway. In this respect we have a uniquely solid and stable financial capability.
Faraday's Syndicate 435 at Lloyd's underwrites Aviation, Casualty (North American Specialist Lines, Financial Lines, International Casualty and UK Liability Insurance), Property (Direct & Facultative and Treaty), Agriculture and Energy.
These distinct teams underwrite a diverse range of risks worldwide both on an insurance and reinsurance basis, developing close and mutually supportive relationships with clients and brokers in our chosen markets. Our customers are at the heart of everything we do.
Main purpose of the role
To support the Financial Lines team in the growth and portfolio management of the Financial Institutions (FI) account by underwriting renewal and new FI business.
Context of the role
The FI account sits within a wider Financial Lines team and is a geographically diverse portfolio spanning both open market and delegated authority business. The portfolio was established in 2021 and with the benefit of market tailwinds was able to quickly build a solid portfolio which has consolidated over recent years.
We are now seeking an FI Underwriter who will report directly to the Head of Financial Lines and work with him and the other FI team members to execute the FI underwriting strategy. Whilst the role will span all segments of the FI portfolio, a core focus will be working with the Head of Financial Lines in managing and growing the retail segment of the portfolio.
This is an excellent opportunity for an existing FI Underwriter looking for a new challenge, or an Assistant Underwriter who is ready to step up within a well performing Lloyd’s syndicate.
Key Responsibilities
To underwrite the Financial Institutions portfolio at Lloyd’s and in the office, including the following tasks:
Underwriting and Risk Assessment
- Underwrite FI risks as in accordance with underwriting guidelines and within underwriting authority limits. This includes reviewing submissions, populating rating models, assessing
- policy wording alongside broker negotiations.
- Review and evaluate new and renewal business and coverage requests based on company underwriting guidelines, competitive positioning and geographic focus.
- Develop a thorough understanding of the pricing models used by the FI team and work with colleagues and actuaries to support their continued improvement.
- Participate in the peer review process, both as an underwriter and reviewer, and contribute to the annual FI Risk Sampling exercise as required.
- Consult with the Claims team to monitor loss trends.
Business Development and Broker Relationships
- Meet with existing and prospective clients through group presentations and one-to-one meetings.
- Maintain existing broker relationships and develop new ones.
- Actively identify, develop and pursue new business opportunities to secure long-term, profitable relationships with clients and brokers.
- Maintain and grow market presence through regular broker engagement, solicit new accounts, gather market intelligence and provide up-to-date information on departmental products and services.
- Undertake travel as required for client meetings and marketing activities.
- Manage underwriting administration, ensuring business is conducted in accordance with Faraday's internal requirements.
- Develop the ability to work independently with limited direction over time, while benefiting from and contributing to the team's collaborative approach to underwriting.
- Continuously develop and improve technical knowledge, skills and professional capabilities.
Skills & Experience
Significant relevant experience within the Financial Lines market.
Existing Financial Institutions underwriting authority and broker relationships.
Prior experience of retail business (e.g., UK, Europe, Australia etc.) is desirable.
Sound technical expertise especially knowledge of wordings and typical claim scenarios.
Advanced IT Skills within the MS Suite of products, particularly Excel and PowerPoint are essential
Negotiation and Influencing:
Strong negotiation, influencing and stakeholder management skills, with the ability to achieve positive commercial outcomes.
Communication and Interpersonal Skills:
Excellent verbal and written communication skills, with the ability to build effective relationships and communicate complex information clearly.
Underwriting Expertise:
Strong industry knowledge, with previous financial institutions (FI) underwriting experience and a sound understanding of underwriting principles and practices.
Actuarial and Risk Understanding:
A good understanding of fundamental actuarial principles, risk assessment, pricing and portfolio performance.
Industry Knowledge:
A strong understanding of the financial institutions sector, market dynamics, emerging risks and relevant industry developments.
Teamwork and Collaboration:
A collaborative team player who works effectively with colleagues and stakeholders across different functions.
Commercial Awareness and Results Orientation:
A commercially minded, results-driven individual with a focus on delivering high-quality outcomes and achieving business objectives.
Problem-Solving and Analytical Thinking:
Strong analytical and problem-solving skills, with the ability to evaluate complex information, identify risks and develop practical solutions.
Decision-Making and Judgement:
Sound decision-making skills, with the confidence to exercise appropriate judgement, assess risk and make timely, well-informed decisions.
Adaptability and Change Management:
The ability to adapt to changing business priorities, respond positively to new challenges and contribute to continuous improvement.
Strategic Thinking:
The ability to think strategically, identify opportunities and align underwriting decisions with broader business and portfolio objectives.
Work Ethic and Accountability:
A strong work ethic, high levels of integrity and accountability, and a proactive approach with a strong sense of urgency.
Closing Date
10 November 2026
Our Address
Faraday Underwriting Limited
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.
#J-18808-Ljbffr
FI Underwriter in City of London employer: Faraday Underwriting Limited
Faraday Underwriting Limited offers a dynamic and supportive work environment in the heart of London, where employees are encouraged to develop their skills and grow within the company. With a strong focus on collaboration and client relationships, the Specialist Lines team provides ample opportunities for professional development while maintaining a culture of integrity and respect. As part of the General Re Corporation, employees benefit from the stability and resources of a leading global insurer, making it an excellent employer for those seeking meaningful and rewarding careers in the insurance industry.
Contact Details:
Faraday Underwriting Limited Recruitment Team
