Financial Institutions Underwriter - copy

About Us

Faraday is part of the General Re Corporation, a wholly owned

subsidiary of Berkshire Hathaway. In this respect we have a uniquely solid and

stable financial capability.

Faraday's Syndicate 435 at Lloyd's underwrites Aviation, Casualty (North

American Specialist Lines, Financial Lines, International Casualty and UK

Liability Insurance), Property (Direct & Facultative and Treaty), Agriculture

and Energy.

These distinct teams underwrite a diverse range of risks

worldwide both on an insurance and reinsurance basis, developing close and

mutually supportive relationships with clients and brokers in our chosen

markets. Our customers are at the heart of everything we do.

Main purpose of the role

To support the Financial

Lines team in the growth and portfolio management of the Financial Institutions

(FI) account by underwriting renewal and new FI business.

Context of the role

The FI account sits

within a wider Financial Lines team and is a geographically diverse portfolio

spanning both open market and delegated authority business. The portfolio was

established in 2021 and with the benefit of market tailwinds was able to

quickly build a solid portfolio which has consolidated over recent years.

We are now seeking an FI

Underwriter who will report directly to the Head of Financial Lines and work

with him and the other FI team members to execute the FI underwriting strategy.

Whilst the role will span all segments of the FI portfolio, a core focus will

be working with the Head of Financial Lines in managing and growing the retail

segment of the portfolio.

This is an excellent

opportunity for an existing FI Underwriter looking for a new challenge, or an

Assistant Underwriter who is ready to step up within a well performing Lloyd’s

syndicate.

Key

Responsibilities

To underwrite the Financial Institutions

portfolio at Lloyd’s and in the office, including the following tasks:

Underwrite FI risks as per the underwriting guidelines and within underwriting authority limits. This includes reviewing underwriting submissions, populating rating models, reviewing wordings alongside broker negotiations.

Meeting existing and potential clients both in group presentations and 1:1 meetings.

Manage underwriting administration ensuring business is conducted in accordance with Faraday internal requirements.

Maintaining existing and developing new broker relationships.

Develop a full understanding of pricing models used by the FI team and work with the rest of the team and actuaries in their continued improvement.

Function independently with limited direction over time whilst benefiting from the team’s collaborative approach to underwriting.

Actively identify, define, and pursue new business opportunities to secure long-term, profitable relationships with clients and brokers.

Review, evaluate and oversee new / renewal business and coverage requests based upon company underwriting guidelines, competition, and geographic focus.

Maintain and grow market presence through regular broker engagement. Solicit new accounts, gather market intelligence, and provide up to date department information relating to products and services.

Participate in peer review process both as underwriter and reviewer and contribute where required at the annual FI Risk Sampling.

Perform all necessary travel as required for client meetings and marketing.

Consult with the claims team to monitor loss trends.

Demonstrating a positive attitude and strong value system (e.g., integrity, trustworthiness, respectful).

Continuously improve own skills.

Qualifications

& Experience

Significant relevant experience within the Financial Lines market.

Existing Financial Institutions underwriting authority and broker relationships.

Prior experience of retail business (e.g., UK, Europe, Australia etc.) is desirable.

Sound technical expertise especially knowledge of wordings and typical claim scenarios.

Advanced IT Skills within the MS Suite of products, particularly Excel and PowerPoint are essential.

Competencies

Strong negotiating and influencing skills.

Sound verbal and written communication skills/ interpersonal skills.

Good industry background with prior FI experience in an underwriting role.

Understanding of basic actuarial principles

Team player

Strong work ethic and a sense of urgency

Industry knowledge

Problem solving

Results oriented

Decision-making

Managing change

Strategic thinking

Closing Date

10 November 2026

Our Address

Faraday Underwriting LimitedCorn Exchange55 Mark LaneLondon, EC3R 7NE (UK)

It is the continuing policy of the Gen Re Group to afford Equal Opportunity to qualified individuals without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or citizenship, sexual orientation, gender identity, or any characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.