Underwriter, Life Sciences

As a leading provider of insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., U.K., Continental Europe and Asia, we recognize that our success is derived directly from those who matter the most: our people. At Sompo International, our values of integrity, collaboration, agility, execution and excellence underpin our culture and our commitment to providing an employee experience that attracts and engages the best talent in the industry. As we continue to grow, we strive to find diverse, innovative and driven professionals to join our teams and offer a broad range of career and development opportunities at all levels, in multiple business areas, in each of our locations throughout the world. Our compensation and benefits programs are market driven and competitive, with excellent family friendly policies and flexible working provisions.Job DescriptionAre you looking for your next opportunity?Sompo has a unique opportunity for an Experienced Life Sciences Underwriter on our Middle Market and Primary Casualty team.Our Middle Market Life Sciences Underwriting team offers diverse multi-line capabilities focused on the pharmaceutical, nutraceutical, medical device and contract support service industries. Our team is responsible for the Property and Casualty lines of business inclusive of products and professional liability. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.Location: This position will be based out of our New York, NY, Boston, MA or Conshohocken, PA office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.Our business, your impact, our opportunityWhat you'll be doing:Underwrite across various lines, including Property, Auto, General Liability, Products Liability, E&O, Package, Umbrella and Workers' CompensationAssess and prioritize new and renewal submissions to identify profitable opportunities aligned with business and corporate goalsAnalyze and price coverages, structures, and exposures for individual risksUtilize data analytics to enhance underwriting efficiency and streamline workflowApprove quotes, binders, and invoices, ensuring compliance within authorized limitBuild strong customer relationships while maintaining a risk-aware and compliance-focused culture, emphasizing proactive monitoring and sound risk decisionsEnsure underwriting pricing and discipline to achieve profitability goals, adhering to guidelines and managing Profit & Loss for Life SciencesGrow the business portfolio by fostering existing relationships and developing new clients and contribute to building a dedicated industry teamParticipate in broker meetings and attend networking events to drive business growthOrganize production underwriting activities, including travelmarketing and target production plansEngage with various organizational levels to drive collaboration, trust, and strategic initiativesContribute to competitive intelligence efforts by tracking industry trends, peer activities, and market knowledgeWhat you'll bring:2-3 years of P&C underwriting experience with a strong preference in Life SciencesExperience establishing and expanding relationships with insureds, agents, and brokersAbility to effectively communicate information and ideas to influence and grow our businessRemains composed under pressure with exceptional organizational skills, integrity, and consistent follow-throughTechnical expertise in LS Global Clinical Trials, Products, E&O, and Property within Life Science preferredHighly responsive and tactfully assertive while preserving positive relationships even when declining requestsUndergraduate degree or demonstrable industry experienceAbility to travel up to 50% of the time, including overnight travelSalary Range: $110,000 - $160,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contributionPharmacy benefits with mail order optionsDental benefits including orthodontia benefits for adults and childrenVision benefitsHealth Care & Dependent Care Flexible Spending AccountsCompany-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & childrenCompany-paid Disability benefits with very competitive salary continuation payments401(k) Retirement Savings Plan with competitive employer contributionsCompetitive paid-time-off programs, including company-paid holidaysCompetitive Parental Leave Benefits & Adoption Assistance programEmployee Assistance ProgramTax-Free Commuter BenefitTuition Reimbursement & Professional Qualification benefitsIn today's world, what do we stand for?Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone's unique contributions - we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.

Created: 2025-03-10