Sr. Underwriter, Industry Practice, Large Property

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 Description Sompo International Holdings Ltd. (Sompo International) is a specialty provider of property and casualty insurance and reinsurance, established in March 2017 as the result of the acquisition of Endurance Specialty Holdings Ltd. by Sompo Holdings Ltd. (Sompo). Sompo's core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market. In addition, Sompo is engaged in the provision of insurance services as well as other related services through its global network of businesses operating in 32 countries around the world. Sompo International is the international operation and a wholly owned subsidiary of Sompo, which trades on the Tokyo Stock Exchange. Through our operating subsidiaries, Sompo International underwrites agriculture, professional lines, property, marine and energy, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance. As a leading global provider of insurance and reinsurance, we recognize that our success is derived directly from those who matter most: our people. Sompo International's headquarters is in Bermuda and we currently have offices in the United States, the United Kingdom, Continental Europe, and Asia. At Sompo International, a shared commitment to integrity, teamwork, agility, execution, and excellence define our culture, 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 Senior Underwriter for our Sompo North America Large Property team, preferably located in the New York, NY and Boston, MA areas. This position will support our Industry Practice business. Sompo North America provides a client-centric white-glove service approach by offering comprehensive multi-line capabilities to accounts in select industry verticals including real estate, hospitality, financial institutions, and professional services. Taking a holistic approach to risk management, the unit offers commercial property, primary casualty (general liability, commercial auto, workers' compensation), lead umbrella, and environmental coverages, as well as parametric natural catastrophe products to small, middle-market and large accounts across target industry verticals in the U.S. We also offer the same level of sophisticated services and coverages to Asian-interest accounts in the U.S. Duties and Responsibilities: Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards; Good understanding of pricing components and rating methodology; prices risk based on financial and competitive analysis; Ability to analyze joint venture partners and underwrite foreign parents of US subsidiaries on reverse flow business. Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed; Exhibits strong technical underwriting skills through strategic, thorough account reviews and file documentation; Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status and declinations in order to drive results within the assigned territory; Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risks; Keeps current on state/territory issues, regulations and trends; and Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc. Desired Skills & Experience Minimum 5 plus years of underwriting/insurance experience Bachelor's Degree preferred Well verse and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents and specialty retailers Experience in underwriting reverse flow business, manufacturing, wholesale/retail, food processing, technology and life sciences risks Established underwriting, quoting, and binding track record of profitable business Well established relationships with brokers and agents on both a regional and national level Strong negotiation skills Team player and collaborative by nature Strong attention to detail Salary Range: $75,000- $150,000 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 International, 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 contribution. Pharmacy benefits with mail order options. Dental benefits including orthodontia benefits for adults and children. Vision benefits. Health Care & Dependent Care Flexible Spending Accounts. Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children. Company-paid Disability benefits with very competitive salary continuation payments. 401(k) Retirement Savings Plan with competitive employer contributions. Competitive paid-time-off programs, including company-paid holidays. Competitive Parental Leave Benefits & Adoption Assistance program Employee Assistance Program Tax-Free Commuter Benefit Tuition Reimbursement & Professional Qualification benefits. Sompo International is an equal-opportunity employer committed to a diverse workforce. M/F/D/V Visit our

Created: 2024-11-20