Job title: Underwriter, P&C Middle Market (London, UK)
Company: Sompo International
Job description: Sompo International Holdings Ltd. (Sompo International) is a global specialty provider of property and
casualty insurance and reinsurance. Sompo International companies are wholly owned subsidiaries of
Sompo Holdings, Inc., whose core business encompasses one of the largest property and casualty insurance
groups in the Japanese domestic market.
Through our operating subsidiaries, Sompo International underwrites agriculture, professional lines,
property, aviation, marine and energy, financial and political risks and casualty and other specialty and
catastrophe lines of insurance and reinsurance. Headquartered in Bermuda, we currently also have offices
in the United States, the United Kingdom, Continental Europe, Latin America, the Middle East and Asia.
Sompo International is a company driven by its core values, a carrier that holds promise, trust and the
commitment to protect at the center of everything we do. We recognize that our success is derived directly
from those who matter most: our people. Our culture is defined by a commitment to integrity, teamwork,
agility, execution, and excellence; and we strive to create exceptional value for our clients and shareholders
and maintain Sompo International as a desirable place to work.
We are seeking a Property & Casualty Underwriter for the Middle Market team in our London office. The
Middle Market proposition offers comprehensive multi-line capabilities targeted at select industry verticals
such as real estate, hospitality, financial institutions, professional services, technology, and life science. We
work through a network of retail brokers who share our commitment to long-term partnerships built on a
strong service proposition.
Expectation of the role is to assist in building a profitable book of business within the overall European
business plan parameters, working with key broker partners in the UK.
Main areas of responsibility:
- Prioritization and evaluation of new and renewal submissions to identify those accounts that
provide the greatest opportunity for profit consistent with the business plan and corporate profit
objectives.
- Price and analyze coverage, structure and exposures on individual risks.
- Set appropriate terms and conditions per the Company underwriting strategy and guidelines to
quote qualified risks.
- Attend client/broker meetings, lunches, dinners and other social outings as applicable.
- Exercise proper underwriting pricing and discipline to meet profitability goals, complying with
underwriting guidelines, systems and procedures.
- Expand existing portfolio of business by developing existing relationships and new prospective
clients.
- Support our focus on building strong customer relationships balanced with a strong risk mitigating
and compliance-driven culture. Emphasis on proactive monitoring, governance, risk identification
and escalation, as well as making sound risk decisions commensurate with the business unit’s risk
appetite. Conducts individual account underwriting audits as needed.
- Complete underwriting referral applications for risks outside of your authority for higher level
approval as necessary.
Qualifications, Skills and Experience:
- Underwriting experience in Property and Liability within the middle market space. Experience in
other lines of business would be viewed as a positive but is not a pre-requisite.
- Undergraduate, Insurance or advanced degree preferred.
- P&C underwriting experience.
- Significant experience within the middle market space.
- Established relationships with retail producers.
- Strong negotiation skills.
- Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).
- Excellent communication (both written and verbal) skills.
Sompo International offers a competitive compensation and benefits package commensurate with
experience.
Sompo International is an equal opportunity employer committed to a diverse workforce.
Expected salary:
Location: London
Job date: Sat, 30 Sep 2023 05:06:40 GMT
