Underwriter - Property Facultative

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 needs while maintaining technical pricing discipline and capacity limits.

• Take ownership of assigned client relationships, including the development and execution of marketing plans.

• Proactively identify new business opportunities within existing accounts and across the wider insurance market.

• Maintain awareness of broader market trends and industry developments.

Teamwork

• Seek and provide high-quality peer review ("second head") support on facultative transactions where appropriate.

• Foster effective collaboration across client teams, branches, business units, and project teams by contributing to a positive, supportive, and disciplined working environment.

• Actively participate in training, development, and coaching initiatives.

• Consistently demonstrate professionalism, integrity, trust, and respect.

• Exhibit a strong work ethic and a proactive, results-driven mindset.

Running the Business

• Contribute to branch planning activities in support of departmental objectives.

• Use management and diagnostic reporting to generate insights and share information effectively with property facultative colleagues and other corporate functions.

• Adhere to established operational and processing protocols while supporting continuous improvement initiatives.

• Coordinate, participate in, and lead special projects as required to support branch and business priorities.