Casualty Treaty Underwriter, [Vp]

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?

SompoRe has a unique opportunity for a Reinsurance Casualty Treaty Underwriter [Vice President] in our Casualty Treaty Global Reinsurance team.

The position within SompoRe will work closely with the rest of the Casualty Treaty Reinsurance team as well as other disciplines to execute core underwriting functions, supporting the achievement of the unit's overall financial strategy and goals. This position will be accountable for underwriting new and renewal business focused on General Liability/ Auto Liability/ Workers' Compensation; Excess and Umbrella business building and maintaining productive relationships with key reinsurance brokers and consistently focusing on underwriting profitability.

This individual will contribute to the overall casualty treaty reinsurance portfolio that drives a very large component of the overall Company's portfolio.

Location: The position reports to SVP, Head of U.S. Casualty Treaty leader and is based out of our New York City, NY location. 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 opportunity:

What you'll be doing:

• Underwriter will develop, manage and evaluate new and renewal Casualty treaty business focused on General Liability, Auto Liability, Workers' Compensation, Excess and Umbrella lines of business. Assist with selected Program Business.

• Analyze reinsurance submissions and negotiate appropriate terms.

• Develop and maintains long-term strategic business relationships with top brokers and cedants throughout the region to drive new business opportunities as well as continually prospects for new opportunities to support profitable business growth.

• Participate in underwriting audits and frequent client-facing discussions; be prepared to discuss strategic underwriting issues with insurance company clients.

• Demonstrate underwriting curiosity. Stay abreast of industry trends and developments, with a focus on how they will impact the Casualty lines.

• Collaboration:

• Work closely with Actuarial team to evaluate the pricing of accounts.

• Evaluate and negotiate contract wordings.

• Collaborate with Claims team to support account management.

• Comply with all pertinent internal guidelines and authorities.

• Other duties as required by management.

What you'll bring:

• Min 8 years of demonstrated success in a comparable P&C treaty underwriting role. Reinsurance background preferred.

• Industry Knowledge: Understands the local casualty insurance marketplace, industry business operations, critical issues and financial drivers that affect our clients as well as the business unit; Is able to apply that understanding to the sales plan, pricing strategy and underwriting strategy.

• Product Knowledge: Knowledge of General Liability/Auto Liability /Workers' Compensation, Excess and Umbrella products, coverages and pricing. Experience with Program business would be a plus.

• Exceptional negotiation, communication, analytical, organizational and leadership skills.

• Ability to work independently and work as part of a high performing team; Team player.

• Ability to prioritize and eager to learn.

• Demonstrates sound judgment and excellent problem solving skills.

• Ability to establish close working relationship with other departments including claims & actuarial.

Salary Range: $200,000 - $270,000 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 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.