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- Tasks: Grow a profitable Financial Lines portfolio and engage with clients directly.
- Company: Join General Re Corporation, a leading global reinsurance company under Berkshire Hathaway.
- Benefits: Competitive salary, inclusive work environment, and comprehensive employee benefits.
- Why this job: Be part of a collaborative team and make a real impact in the reinsurance industry.
- Qualifications: Experience in Financial Lines Underwriting and strong communication skills required.
- Other info: Flat management structure promoting teamwork and professional growth.
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. 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.
- 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 promote collaboration and free-flowing communication.
- A market competitive remuneration package commensurate with experience and qualifications, with a comprehensive suite of employee benefits.
Our Address: 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.
Senior Financial Lines Facultative Underwriter in City of London employer: Gen Re
Contact Detail:
Gen Re Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Financial Lines Facultative Underwriter in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with hiring managers or during interviews, make sure to highlight your experience in Financial Lines Underwriting. Share specific examples of how you've successfully built and managed portfolios – this is your time to shine!
✨Be Prepared for Interviews
Research Gen Re and understand their products, especially in Financial Lines. Prepare questions that show your interest in their operations and how you can contribute to their success. This will demonstrate your commitment and enthusiasm for the role.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Gen Re.
We think you need these skills to ace Senior Financial Lines Facultative Underwriter in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your background in Financial Lines Underwriting and any relevant qualifications, like ACII, to show us you’re a great fit for the role.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your experience aligns with our needs. Don’t forget to mention your collaborative spirit and communication skills!
Showcase Your Achievements: When detailing your experience, focus on specific achievements that demonstrate your ability to build and grow a profitable portfolio. Numbers and examples can really make your application stand out to us.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen to join our team!
How to prepare for a job interview at Gen Re
✨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 and managed a profitable portfolio.
✨Show Off Your Networking Skills
Since the role involves client interaction, highlight your established relationships within the London market. Prepare examples of how you've leveraged these connections to benefit your previous employers and how you plan to do the same at General Re Corporation.
✨Demonstrate Team Spirit
This position requires a collaborative mindset, so be prepared to share experiences where you've worked effectively in teams. 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, pricing, and structuring reinsurance schemes. Brush up on your technical knowledge and be ready to explain your thought process when making underwriting decisions.
