Assistant Underwriter

1 week ago


London, Greater London, United Kingdom Gen Re Full time

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.

Its direct reinsurance companies conduct 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 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
-
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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