At a Glance
- Tasks: Support the Specialist Lines team in underwriting new and renewal Casualty business.
- Company: Join Faraday, part of Berkshire Hathaway, with a solid financial foundation.
- Benefits: Gain valuable experience in a dynamic environment with growth opportunities.
- Other info: Collaborative team culture focused on continuous learning and improvement.
- Why this job: Make an impact in the insurance industry while developing key client relationships.
- Qualifications: Experience in Casualty Insurance is a plus; strong IT skills required.
The predicted salary is between 58540 - 71548 £ per year.
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.
We have an excellent opportunity for an Assistant Underwriter in our Specialist Lines team.
Main purpose of role
To support the Specialist Lines Insurance and Delegated Authority (US Casualty) team in the growth and portfolio management of the account by underwriting new and renewal Casualty business. The Specialist Lines team underwrites a diversified portfolio of Casualty risks and supports clients across North America via reinsurance, open market and delegated distribution channels.
Key Responsibilities
- To assist in the underwriting of the portfolio at Lloyd’s, including the following tasks:
- Review underwriting submissions, populate rating models, review wordings.
- Meeting existing and potential clients both in group presentations and 1:1 meetings.
- Manage underwriting administration ensuring business is conducted in accordance with internal requirements.
- Maintaining existing and developing new broker relationships.
- Develop a full understanding of pricing models used by the 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.
- Support the team to identify, define, and pursue new business opportunities to secure long-term, profitable relationships with clients and brokers.
- Help the team review, evaluate and oversee new and 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.
- Perform all necessary travel as required for client meetings and marketing.
- Consult with the claims team to monitor loss trends.
- Work closely with actuarial team in modelling individual accounts and binders.
- Work closely with DUA team on new and renewal binder, lineslip opportunities and coverholder compliance.
- Demonstrating a positive attitude and strong value system (e.g., integrity, trustworthiness, respectful).
- Continuously improve own skills and knowledge.
Qualifications & Experience
- Experience within the Casualty Insurance market is desirable.
- Progress towards ACII.
- Existing underwriting authority and broker relationships.
- Prior experience of binder, lineslip and open market business is desirable.
- Technical expertise especially knowledge of wordings and typical claim scenarios.
- IT Skills within the MS Suite of products, particularly Excel, are essential.
Closing Date: 15 September 2026
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.
Assistant Underwriter in London employer: Gen Re
At General Re Corporation, we pride ourselves on being an exceptional employer that fosters a collaborative and inclusive work culture. Our London Branch offers a dynamic environment where Senior Wordings Specialists can thrive, with opportunities for professional growth through training and exposure to complex international reinsurance matters. With a commitment to employee development and a focus on innovative solutions, we empower our team to make meaningful contributions while enjoying the benefits of working in one of the world's leading reinsurance firms.
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We think this is how you could land Assistant Underwriter in London
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We think you need these skills to ace Assistant Underwriter in London
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