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Permanent

Underwriter - Property Facultative

London
money-bag 10000-500000 Annual
3067981268
Posted 3 days ago

Exclusive Role: Underwriter Property FacultativeReinsurerCity of London I am currently partnered exclusively with a leading Reinsurer who are seeking an Underwriter to join their Property Fac team. This role will be Underwriting a variety of Property risks from multiple industries on a Facultative basis, solely on an XOL basis too. Including but not limited to; Power, Real Estate, Mining, Renewables and more. My client is looking for someone with a solid Property Underwriting background, either on a Fac basis or a primary basis who has had involvement with Fac placements. Key Responsibilities Underwriting Support the department''s objective of building and sustaining a profitable property excess of loss portfolio. Underwrite and price individual risks and programme-based facultative reinsurance in line with underwriting philosophy, guidelines, rating tools, pricing methodologies, and documentation standards. Maintain a strong understanding of market pricing, terms, and conditions. Demonstrate in-depth expertise in contract and policy wordings, pricing structures, terms and conditions, and current underwriting issues. Negotiate and agree terms and conditions directly with clients. Client Account Management Build and maintain strong relationships with clients at both underwriting and senior management levels. Develop a thorough understanding of treaty structures and facultative reinsurance purchasing behaviour. Deliver tailored reinsurance solutions that meet client

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