Assistant Underwriter
1 week ago
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.
Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries.
Represented in all major reinsurance markets through a network of more than 40 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.
Gen Re London P&C currently has an excellent opportunity for an Assistant Casualty Facultative OR Casualty Facultative Underwriter based in our office in the City of London, dependent upon experience.
The Role
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You will be responsible for the marketing and underwriting of facultative business; soliciting new business opportunities and handling renewal accounts, transacting the fac product on a direct (non-broker) basis.
- You will have a growing knowledge of the UK and London Market.
- As a direct underwriter you will enjoy being out in the market, educating potential clients on our product and developing a strong pipeline of profitable growth opportunities and contacts.
- Your performance will be evaluated based on what was accomplished and how it was achieved such as premium written, number of quotations issued, price adequacy, client management and teamwork.
- You will be required to demonstrate foundation technical underwriting skills in at least one of General Liability, Financial Lines or a Specialty Lines class of business.
- Current or previous UK Motor experience will be an advantage.
- Analyzing and documenting risk exposures and coverages and assessing the technical insurability and profitability of new and renewal submissions.
- Underwriting, pricing, structuring and negotiating facultative individual risk or bundled reinsurance schemes, programs or delegated authority arrangements.
Qualifications & Experience
- A proven track record of successful underwriting in Third Party Liability lines of business.
- Strong technical underwriting background and customer focus mindset.
- A good understanding of contracts, policy forms and terms and conditions.
- Experience with technical rates along with the ability to provide an external view.
- Strong numerical, research and analytical skills.
- Welldeveloped interpersonal, negotiation and communication skills with the capacity to work effectively in a collaborative team environment.
- Selfstarter, with an ability and willingness to take the initiative.
- Strong organizational and time management skills.
- High degree of energy / tenacity and a motivation to develop a deeper understanding of a broad range of liability products.
- University Degree favorable but not essential.
- 35 years Insurance or Reinsurance experience.
- Strong Microsoft Office skills.
Our Address
General Reinsurance, London Branch
Corn Exchange
55 Mark Lane
London, EC3R 7NE (UK)
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