About Us
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:
Underwrite FI risks as per the underwriting guidelines and within underwriting authority limits. This includes reviewing underwriting submissions, populating rating models, reviewing wordings alongside broker negotiations.
Meeting existing and potential clients both in group presentations and 1:1 meetings.
Manage underwriting administration ensuring business is conducted in accordance with Faraday internal requirements.
Maintaining existing and developing new broker relationships
Develop a full understanding of pricing models used by the FI team and work with the rest of the team and actuaries in their continued improvement.
Function independently with limited direction over time whilst benefiting from the team’s collaborative approach to underwriting.
Actively identify, define, and pursue new business opportunities to secure long-term, profitable relationships with clients and brokers.
Review, evaluate and oversee new / renewal business and coverage requests based upon company underwriting guidelines, competition, and geographic focus.
Maintain and grow market presence through regular broker engagement. Solicit new accounts, gather market intelligence, and provide up to date department information relating to products and services.
Participate in peer review process both as underwriter and reviewer and contribute where required at the annual FI Risk Sampling.
Perform all necessary travel as required for client meetings and marketing.
Consult with the claims team to monitor loss trends.
Demonstrating a positive attitude and strong value system (e.g., integrity, trustworthiness, respectful).
Continuously improve own skills.
Qualifications & 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.
Competencies
Strong negotiating and influencing skills.
Sound verbal and written communication skills/ interpersonal skills.
Good industry background with prior FI experience in an underwriting role
Understanding of basic actuarial principles
Team player
Strong work ethic and a sense of urgency
Industry knowledge
Problem solving
Results oriented
Decision-making
Managing change
Strategic thinking
Closing Date
30 June 2026
Our AddressFaraday Underwriting Limited
Corn Exchange
55 Mark Lane
London, EC3R 7NE (UK)
