Senior Underwriter - Property Facultative

New Vacancy – Senior Underwriter (Property Facultative)
Lloyd\’s Syndicate
City of London

I am currently recruiting for a leading Lloyd\’s Syndicate seeking a Property Facultative Underwriter to join their growing team.

My client is looking for someone with 10+ years of experience underwriting Property business from a Facultative perspective. The role will focus on international business and writing on an XOL basis, though experience with primary insurance is also considered. The team consists of 6 members, and the client has a significant fire severe book.

Key Responsibilities

• Assist in creating and implementing the business plan for the portfolio.
• Support the execution of the business plan and participate in strategic meetings.
• Promote the department and company to enhance brand visibility.
• Implement reinsurance strategies to protect the portfolio.
• Execute reinsurance activities in compliance with legal and regulatory standards.
• Adhere to underwriting standards, guidelines, and best practices to mitigate risks and improve efficiency.
• Record and assess insurance risks accurately, including Delegated Underwriting Authorities (DUAs), and develop or amend policy wordings as necessary.
• Apply reinsurance requirements to manage risk and meet business goals.
• Enhance technical expertise through ongoing learning and development.
• Underwrite complex reinsurance risks, negotiate rates and terms, ensure compliance, and contribute to business objectives, including credit control activities.
• Participate in portfolio reviews and analyses to monitor progress toward business goals, including audits and account performance evaluations.
• Ensure all risks are thoroughly peer-reviewed and comply with underwriting standards and authorities.

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