Posted 19 days ago
Description
City of London - Hybrid
I am currently partnered exclusively with a leading London Market Reinsurer who are seeking a Senior Underwriter to join their Casualty Facultative team.
This role will be Underwriting Casualty Facultative business solely on an XOL basis for UK, International and US markets from UK&I cedants. This person will get exposure to other Casualty classes such as Motor, PI, MedMal & more.
My client is looking for an experienced Casualty Underwriter, who would be keen to move into a reinsurance focused Facultative position.
Key Responsibilities
- Manage the marketing and underwriting of casualty facultative reinsurance business, identifying new business opportunities and managing renewals on a direct, non-brokered basis.
- Underwrite UK, international and US casualty reinsurance risks for UK and Irish cedents.
- Apply a strong understanding of the UK and London insurance and reinsurance markets to identify commercial opportunities and support profitable growth.
- Develop relationships with prospective and existing clients through direct market engagement, building a strong pipeline of profitable business opportunities.
- Demonstrate strong technical underwriting expertise across General Liability and related classes, with experience in UK Motor, Financial Lines and/or US Casualty considered advantageous.
- Apply casualty facultative underwriting philosophy, risk appetite and guidelines consistently across new and renewal business.
- Analyse and document risk exposures, policy coverage and terms, assessing the technical insurability and profitability of submissions.
- Underwrite, price, structure and negotiate individual facultative risks, as well as bundled reinsurance schemes, programmes and delegated authority arrangements.
- Deliver against key performance measures, including premium production, quotation volumes, pricing adequacy, client relationship management and effective teamwork.
Experience
- Previous experience underwriting UK/I Casualty, Fac experience beneficial not essential
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