Sr Underwriter, Commercial Management Liability

SOMPO • Full-time • Boston, MA • 3w ago

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

Are you looking for your next opportunity?

Sompo has a unique opportunity for aSeniorUnderwriterin our Commercial Management Liability (D&O)team.

Our Sompo Commercial Management Liability team offers diverse capabilities targeted at providing Directors & Officers, Employment Practices, Fiduciary, and Commercial Crime Liability coverages for publicly-traded and privately-held companies, as well as not-for-profit organizations. We work through a network of Retail & Wholesale brokers who share our commitment to long-term partnerships built on a strong service proposition.

Location:This position will be based out of our Bostonoffice. We strive for collaboration, which is why we offer a work environmentwhere our employees thrive and develop long-lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

Develop and maintain a profitable portfolio of Management Liability risks with a focus on the Northeast region that will enable maximum penetration of profitable business.

Develop and maintain a marketing plan for each assigned producer/territory; including tactics for individual broker success at the ground level.   Develops Prospect lists.

Fully underwrites all accounts in accordance with underwriting guidelines and individual authority granted by management.

Identify and build a pipeline of new business opportunities. Focus on new client prospects as well as expanded business with existing clients.

Work collaboratively with actuarial and claims in the pricing and underwriting of risks.

Structure and price programs based on unique customer needs.

Monitor portfolio retention, growth and profitability.

Participate in national and regional industry events.

Creates and utilizes marketing materials and other product collateral to support marketing and production initiatives.

Monitors all industry and specific account trends through reading of the WSJ, Capital IQ, SNL, Moody’s and other data sources.  Implements a field service reputation that is recognized as superior in the industry.

What you’ll bring:

5+ years of underwriting/insurance experience

Management liability products underwriting background, including D&O, Fiduciary, Crime and EPL products

Experience in working, producing, and underwriting all sizes of accounts with the large brokerage houses, wholesalers, and specialty retailers

Strong analytical, marketing and communication skills

Experience successfully underwriting, quoting, and binding profitable business

Established relationships including onshore visibility with producers and customers

Strong attention to detail

Bachelor’s degree preferred

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 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

In 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.