About This Role
Underwriting new and renewal submissions for the UK Commercial Lines team is the core of this role, focusing on middle market accounts across diverse industry verticals. The position involves evaluating opportunities for profit, pricing coverage, and building strong relationships with retail brokers and clients.
Responsibilities
- Prioritize and evaluate new and renewal submissions to identify profitable accounts consistent with business plans and corporate 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 the focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture
- Emphasize proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite
- Conduct individual account underwriting audits as needed
- Complete underwriting referral applications for risks outside of your authority for higher level approval as necessary
Requirements
- Undergraduate, Insurance or advanced degree preferred
- At least 8+ years of 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
Benefits
- Expansive Health & Wellness Benefits
- Generous Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
About the Company
Sompo is a global provider of property, casualty, and specialty insurance and reinsurance, building on 130 years of innovation. The company has over 9,000 employees worldwide and is committed to simplifying risk management for its clients.
