VP, Umbrella Casualty Underwriter

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 a Vice President, Umbrella Casualty Underwriter located in our NY office, reporting into the Umbrella Leader in New York.

Our U.S. and Canada Insurance Excess Casualty - Retail team partners with national retail brokers to offer third-party liability coverage for the middle market through national accounts. We assist clients across the U.S. and Canada by providing risk solutions effectively and responsively.

We are seeking a Vice President, Umbrella Casualty Underwriter to produce and service large complex multinational as well as Middle Market accounts domiciled in the US, working with a network of retail brokers who share our commitment to long-term partnerships built on white glove service.

Our business, your impact, our opportunity:

What you'll be doing:

• Underwriting of lead umbrella and excess liability business

• Ability to evaluate complex risk and program structures to determine acceptability and all individual risk characteristics and properly determine capacity, attachment point, terms, and pricing in accordance with Sompo guidelines and standards.

• Authorizing quotes/binders and Facultative reinsurance as appropriate.

• Demonstrates technical underwriting skills through account reviews and file documentation.

• Maintain and enhance existing broker relationships and identify and develop new relationships both regionally and outside the territory.

• Provide mentoring and technical support to junior underwriters.

What you'll bring:

• 10+ years of underwriting/insurance experience

• Experience writing large complex lead Umbrella business

• Knowledge of the primary lines of coverage, in particular GL with history in writing those lines of business

• Bachelor's Degree

• Experience in working, producing, and underwriting all sizes of accounts with the large national and smaller regional brokerage houses as well as specialty retailers

• Ability to work independently, execute the business unit's strategies and be held accountable for assignments to ensure profitability

• Relationships with large brokers on both a regional and national level

Salary Range: $160,000 - $240,000. 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.