At a Glance
- Tasks: Underwrite and grow a profitable portfolio in Financial Lines for UK and Ireland clients.
- Company: Leading reinsurer with a strong presence in the Casualty Facultative division.
- Benefits: Competitive salary, professional development, and opportunities to expand your network.
- Why this job: Join a dynamic team and make a significant impact in the reinsurance industry.
- Qualifications: Experience in Financial Lines products and a proven track record in portfolio growth.
- Other info: Exciting role with opportunities for career advancement in a collaborative environment.
The predicted salary is between 72000 - 108000 £ per year.
Exclusive Role: Senior Underwriter - Professional Indemnity | Facultative Reinsurer City of London
I am currently partnered exclusively with a leading reinsurer who are seeking a Senior Underwriter to join their Casualty Facultative division. This role will be Underwriting Financial Lines on a Facultative basis, with involvement in Pricing and developing new cedant market opportunities.
My client is looking for someone with a technical understanding of Financial Lines products including; PI, MedMal, FI & D&O from a commercial view, with a strong track record in growing a substantial portfolio.
Key Responsibilities- Building and expanding a profitable portfolio of Financial Lines Facultative business for cedents in the UK and Ireland, written on both a single-risk and bundled basis.
- Promoting and marketing of the Casualty Facultative product directly (non-brokered) to both prospective and existing cedent clients.
- Underwriting, pricing, structuring, and negotiating individual facultative risks, bundled reinsurance schemes, programmes, and delegated authority arrangements across Financial Lines and the broader Cas Fac product range.
- Serving as a central technical underwriting resource for Financial Lines within the London branch and across the wider International Cas Fac network.
Senior Underwriter - Professional Indemnity (Facultative) in City of London employer: High Finance (UK) Limited
Contact Detail:
High Finance (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Underwriter - Professional Indemnity (Facultative) in City of London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, attend events, and join relevant online forums. The more people you know in the field, the better your chances of landing that Senior Underwriter role.
✨Tip Number 2
Showcase your expertise! When you get the chance to chat with potential employers, make sure to highlight your technical understanding of Financial Lines products. Share specific examples of how you've successfully grown portfolios in the past.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out directly to companies you're interested in, like our leading reinsurer partner. Express your interest in their work and ask about potential opportunities.
✨Tip Number 4
Apply through our website! We make it easy for you to find and apply for roles that match your skills. Plus, it shows you're serious about joining our team and helps us keep track of your application.
We think you need these skills to ace Senior Underwriter - Professional Indemnity (Facultative) in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in Financial Lines and Professional Indemnity. We want to see how your skills align with the role, so don’t be shy about showcasing your achievements in underwriting and portfolio growth!
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 Senior Underwriter position. Share specific examples of your successes in underwriting and how you’ve built relationships with cedent clients.
Showcase Your Technical Knowledge: We’re looking for someone with a solid understanding of Financial Lines products. In your application, make sure to mention your experience with PI, MedMal, FI & D&O. This will help us see that you have the technical expertise we need!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!
How to prepare for a job interview at High Finance (UK) Limited
✨Know Your Financial Lines Inside Out
Make sure you brush up on your knowledge of Professional Indemnity, Medical Malpractice, Financial Institutions, and Directors & Officers insurance. Be ready to discuss how these products work from a commercial perspective and share examples of how you've successfully underwritten them in the past.
✨Showcase Your Portfolio Growth Strategies
Prepare to talk about specific strategies you've used to grow a substantial portfolio. Highlight any successful marketing or promotional tactics you've employed to attract new cedant clients, especially in the UK and Ireland.
✨Demonstrate Your Negotiation Skills
Since this role involves structuring and negotiating facultative risks, be ready to provide examples of past negotiations. Discuss how you approach pricing and structuring deals, and what techniques you use to ensure both profitability and client satisfaction.
✨Be Ready for Technical Questions
Expect to face technical questions related to underwriting and pricing. Brush up on the latest trends in the Casualty Facultative market and be prepared to discuss how you would handle specific underwriting scenarios. This will show your depth of knowledge and readiness for the role.