At a Glance
- Tasks: Underwrite complex global energy risks and manage long-term client relationships.
- Company: Join Faraday, a stable subsidiary of Berkshire Hathaway, in the dynamic insurance market.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity to mentor junior team members and grow within a supportive culture.
- Why this job: Make a real impact in the energy sector while developing your expertise.
- Qualifications: Extensive knowledge of upstream/midstream energy and strong analytical skills.
The predicted salary is between 60000 - 80000 £ per year.
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.
Role Purpose
The Senior Upstream & Midstream Energy Underwriter will play a pivotal role in developing, managing, and growing a high‑quality global Energy portfolio.
Operating as a senior technical specialist within the Energy division, the role supports the Head of Energy in shaping underwriting strategy, driving portfolio performance, and strengthening the company’s market presence.
This position requires deep expertise in upstream and midstream energy risk, strong broker‑facing capabilities, and the ability to balance technical, analytical, and commercial priorities within a fast‑moving Lloyd’s/London Market environment.
Key Responsibilities
- Underwrite complex global upstream/midstream risks in accordance with underwriting strategy, guidelines, and personal authority limits.
- Lead renewal negotiations and manage long‑term account development.
- Conduct detailed risk reviews, including rate adequacy monitoring, pricing analysis, and day‑to‑day exposure/aggregation oversight.
- Ensure underwriting administration and documentation meet internal standards and market/regulatory requirements.
- Contribute to the development of underwriting strategies, appetite papers, and annual business planning.
- Build, maintain, and expand strong broker and client relationships within the energy market.
- Represent the company at broker meetings, client visits, and industry events.
- Support the Head of Energy in elevating the team’s profile across the Lloyd’s/London Market.
- Analytics, Reporting & Research
- Undertake portfolio analysis, market and industry research to support informed underwriting decisions.
- Produce scheduled and ad‑hoc reporting, including regulatory submissions and performance updates.
- Assist in the preparation and presentation of reinsurance renewal materials.
- Liaise closely with actuarial, loss modelling, claims, and wording specialists to ensure holistic portfolio management.
- Leadership, Coaching & Collaboration
- Mentor junior underwriters and contribute to training initiatives within the Energy team.
- Act as a role model for professionalism, integrity, and high performance.
- Promote collaboration with internal stakeholders, including Claims, Wordings, Loss Modelling, and Actuarial.
- Candidate Profile
- Knowledge & Technical Expertise
- Extensive technical knowledge of upstream/midstream operations and related insurance coverages.
- Strong understanding of energy market dynamics, risk engineering, and catastrophe/risk aggregation models.
- Advanced proficiency in Microsoft Excel and Power Point; experience with data‑driven underwriting tools preferred.
- Core Competencies
- Functional Expertise
- Strong industry knowledge and technical acumen
- Advanced analytical and problem‑solving capability
- Sound commercial judgement and decision‑making
- Results‑oriented with a focus on underwriting profitability
- Relationships
- Excellent negotiation and influencing abilities
- Strong client focus and stakeholder management
- Collaborative approach and ability to resolve conflict constructively
- Leadership
- Strategic thinker with the ability to support change
- Composed under pressure and effective in fast‑paced environments
- Capable of mentoring and developing junior team members
- Additional Requirements
- Significant London Market or Lloyd’s underwriting experience in upstream energy.
- Strong work ethic, sense of urgency, and commitment to high standards.
- Excellent interpersonal, verbal, and written communication skills.
- Demonstrated ability to manage complex risks and contribute to portfolio‑level strategy.
- Closing Date
- 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.
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Senior Energy Underwriter in London employer: Faraday Underwriting Limited
Faraday offers a dynamic and supportive work environment in the heart of London, making it an excellent employer for those looking to kickstart their career in insurance wordings. With a strong emphasis on professional development through 'on-the-job' training and mentorship from experienced professionals, employees are encouraged to grow their skills while contributing to a collaborative team culture. The company's commitment to client relationships and regulatory compliance ensures that every team member plays a vital role in delivering exceptional service, all within a financially stable and reputable organisation.
Contact Details:
Faraday Underwriting Limited Recruitment Team
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