At a Glance
- Tasks: Develop and grow a profitable Financial Lines portfolio while collaborating with clients.
- Company: Join General Re Corporation, a leading global reinsurance company under Berkshire Hathaway.
- Benefits: Enjoy competitive pay, inclusive work culture, and comprehensive employee benefits.
- Other info: Flat management structure promotes teamwork and personal growth opportunities.
- Why this job: Make an impact in the reinsurance industry with a focus on innovation and collaboration.
- Qualifications: Experience in Financial Lines underwriting and strong communication skills are essential.
The predicted salary is between 60000 - 80000 € per year.
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.
- 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.
- Skill 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.
- A highly professional and inclusive work environment that values excellence, integrity, personal responsibility and the unique talent of each employee.
- A flat management hierarchy and team-based environment that promotes collaboration and free-flowing communication.
- A 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, 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.
Senior Financial Lines Facultative Underwriter employer: Gen Re Corporation
At General Re Corporation, we pride ourselves on fostering a highly professional and inclusive work environment in our London office, where excellence, integrity, and personal responsibility are at the forefront of our culture. As a Senior Financial Lines Facultative Underwriter, you will benefit from a flat management hierarchy that encourages collaboration and open communication, alongside competitive remuneration and a comprehensive suite of employee benefits. We are committed to your growth, offering opportunities for mentorship and development within a dynamic team dedicated to delivering innovative reinsurance solutions.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Financial Lines Facultative Underwriter
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially those in the London market. Attend events, join relevant groups, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss Financial Lines products confidently and showcase your underwriting experience. We want to see your passion and expertise shine through, so practice common interview questions and scenarios.
✨Tip Number 3
Showcase your interpersonal skills! During interviews, highlight your ability to work collaboratively and communicate effectively. We’re looking for team players who can build relationships with clients and colleagues alike, so share examples of how you’ve done this in the past.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are genuinely interested in joining our team. So, take that extra step and submit your application directly!
We think you need these skills to ace Senior Financial Lines Facultative Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Financial Lines Facultative Underwriter role. Highlight your experience in Financial Lines underwriting and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Share specific examples of your achievements in underwriting and how you can contribute to our collaborative environment.
Showcase Your Communication Skills:Since this role involves client interaction, make sure to demonstrate your excellent communication skills in your application. Whether it's through your writing style or examples of past experiences, we want to see how you connect with others.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you'll find all the details you need about the role and our company!
How to prepare for a job interview at Gen Re Corporation
✨Know Your Financial Lines Inside Out
Make sure you brush up on your knowledge of Financial Lines products, especially Professional Indemnity and Medical Malpractice. Be ready to discuss your experience in underwriting these areas and how you've successfully built a profitable portfolio.
✨Showcase Your Networking Skills
Since the role requires an established network within the London market, come prepared with examples of how you've built and maintained relationships with clients. Highlight any successful negotiations or collaborations that demonstrate your interpersonal skills.
✨Demonstrate Your Team Spirit
This position is all about collaboration, so be ready to share instances where you've worked effectively in a team. Discuss how you've mentored less experienced underwriters and contributed to a positive team environment.
✨Prepare for Technical Questions
Expect to face technical questions related to underwriting and pricing. Brush up on your technical knowledge and be prepared to explain your thought process when structuring reinsurance schemes or programmes. This will show your depth of understanding and expertise.
