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For Companies At a Glance
- Tasks: Underwrite and price property reinsurance while managing client relationships.
- Company: Join a global leader in reinsurance with a fun and supportive team.
- Benefits: Empowerment to make decisions, excellent variety in your role, and career development opportunities.
- Other info: Opportunity to develop specialist expertise and expand your professional network.
- Why this job: Shape your future in a dynamic environment with a focus on collaboration and innovation.
- Qualifications: Experience in property insurance/reinsurance underwriting and strong communication skills.
The predicted salary is between 36000 - 60000 £ per year.
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. Its direct reinsurance companies conduct business as GenRe. Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of more than 40 offices, we have earned superior financial strength ratings from each of the major rating agencies.
We have a fantastic opportunity for a Property Facultative Underwriter/Senior Underwriter to join our motivated, welcoming and fun team in our London office.
Context of the Role
The role offers the opportunity to work within a highly experienced team with a large portfolio of clients. You will be empowered to make underwriting decisions with considerable underwriting authority and corresponding responsibility and accountability.
What We're Looking For
- Energetic, forward-thinking team player with experience in property insurance/reinsurance underwriting.
- Enjoy working in collaborative teams.
- Strong verbal and written communication and interpersonal skills.
- Thrive in the environment of client interaction.
- Critical thinking to make informed underwriting decisions.
- Organisation with strong attention to detail.
- Ability to extract, analyse, and manipulate data effectively.
- A high degree of energy and tenacity.
- A mindset of continuous learning and improvement.
Responsibilities
- Contribute to the department goal of growing a profitable portfolio of property excess of loss business.
- Underwrite and price individual risk and programme facultative reinsurance, adhering to departmental underwriting philosophy, rules and guidelines.
- Understand market pricing and market terms and conditions.
- Demonstrate a deep knowledge of contracts and policy forms, pricing structures, terms and conditions, and topical underwriting issues.
- Directly communicate/negotiate terms and conditions with clients.
- Develop and maintain relationships with clients at the underwriting and management level.
- Understand treaty structures and facultative reinsurance buying patterns.
- Provide reinsurance solutions meeting clients' needs whilst not compromising technical pricing or exceeding capacity guidelines.
- Assume responsibility for assigned client relationships, including development and implementation of marketing plans.
- Actively seek new business opportunities within existing relationships and within the wider insurance market.
- Demonstrate awareness of broader industry issues and trends.
Teamwork
- Seek out/provide a quality second head on facultative risk transactions.
- Ensure teamwork within client, branch, cross-branch, cross-unit or project teams by contributing to a positive, supportive and disciplined environment.
- Participate in and contribute to training and coaching initiatives.
- Demonstrate a positive attitude and strong value system (e.g. integrity, trustworthiness, respectful).
- Demonstrate a strong work ethic and a sense of urgency.
Running the Business
- Participate in branch planning in support of department goals, utilising diagnostic reports to provide insights to colleagues.
- Maintain effective information sharing with property facultative colleagues and other corporate departments.
- Adhere to established processing protocols, contribute to continuous improvement of departmental processes, and coordinate, participate in and lead various special projects for the branch.
What the Role Can Offer You
- Collaboration across our global network.
- Empowerment to make decisions.
- Considerable underwriting authority.
- Excellent variety in your role.
- Opportunity to develop specialist expertise in a line of business.
- Shape and develop your network within the market.
Closing Date 27 January 2026
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, colour, 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.
Underwriter/Senior Underwriter in London employer: Faraday
Contact Detail:
Faraday Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter/Senior Underwriter in London
✨Tip Number 1
Network like a pro! Reach out to current employees at General Re through LinkedIn or industry events. A friendly chat can give us insider info and might just get your foot in the door.
✨Tip Number 2
Prepare for those interviews by brushing up on your property insurance knowledge. We want to see you confidently discuss market trends and underwriting strategies, so do your homework!
✨Tip Number 3
Show off your communication skills! During interviews, be clear and concise when discussing your experience. We love candidates who can articulate their thoughts and engage in meaningful conversations.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in joining our awesome team.
We think you need these skills to ace Underwriter/Senior Underwriter in London
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Underwriter/Senior Underwriter role. Highlight your experience in property insurance and any relevant skills that match what we're looking for. This shows us you're genuinely interested and have done your homework!
Show Off Your Communication Skills: Since strong verbal and written communication is key for this role, don’t shy away from showcasing these skills in your application. Use clear, concise language and make sure your documents are well-structured. We want to see how you can effectively communicate with clients!
Demonstrate Your Analytical Skills: We love candidates who can think critically and analyse data effectively. In your application, mention specific examples where you've successfully used these skills in underwriting or similar roles. This will help us see how you can contribute to our team!
Apply Through Our Website: To make sure your application gets to us directly, apply through our website. It’s the best way to ensure we see your application and can consider you for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Faraday
✨Know Your Underwriting Stuff
Make sure you brush up on your property insurance and reinsurance knowledge. Understand the key concepts, pricing structures, and market terms. Being able to discuss these confidently will show that you're not just a candidate, but a potential asset to their team.
✨Show Off Your Communication Skills
Since this role involves client interaction, practice articulating your thoughts clearly and concisely. Prepare examples of how you've successfully communicated complex information in the past. This will demonstrate your strong verbal and written communication skills.
✨Demonstrate Team Spirit
This company values teamwork, so be ready to share experiences where you've collaborated effectively with others. Highlight your ability to contribute positively to a team environment and how you can support colleagues in achieving common goals.
✨Prepare for Critical Thinking Questions
Expect questions that assess your critical thinking and decision-making abilities. Think of scenarios where you've had to analyse data or make informed decisions under pressure. Show them that you can think on your feet and handle the responsibilities that come with underwriting authority.