Sr. Underwriter, Middle Market Commercial Specialty Property

Boston, MA, United States

Sr. Underwriter, Middle Market Commercial Specialty Property page is loaded Sr. Underwriter, Middle Market Commercial Specialty Property Apply locations New York City, New York time type Full time posted on Posted 2 Days Ago job requisition id R1806 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 Middle Market Commercial Specialty Property team in our Boston, MA, Conshohocken, PA, or New York City offices.

Our Middle Market Commercial Specialty Property team offers property coverage to commercial accounts with a focus on midsize U.S. domiciled companies across a broad base of occupancy types, including but not limited to: Light & Heavy Manufacturing, Food Processing, Metal Working, Warehousing, Retail Stores, Wholesale Suppliers, Hospitals & Healthcare, Educational Institutions, Transportation. The Middle Market Commercial Specialty Property team offers both 100% single carrier capacity and quota share capacity. We take a collaborative approach to loss control and work closely with our Risk Control Engineers to mitigate risk and partner with our clients to protect their business value. We seek to build long-term relationships with our retail brokers and insureds by providing tailored solutions to risk, market leading claims handling and a consistent and pragmatic approach to underwriting.

Duties and Responsibilities:

Reviews submissions to determine acceptability of risk in accordance with Sompo International guidelines and standards

Understands pricing components and rating methodology as well as use of the predictive modeling tools; prices risk based on financial and competitive analysis

Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed

Demonstrates 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 CAT guidelines and underwriting discipline to minimize exposure and appropriately price

Keeps current on state/territory issues, regulations and trends

Attend client/broker meetings, lunches, dinners and other social outings as applicable

Willingness to travel to aggressively market assigned territory

Assist in mentoring Underwriting Trainees and junior underwriters

Works with Sompo Loss Control property engineers in the triage process in qualifying risks and supporting them in the obtaining compliance with Loss Prevention recommendations as needed

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 website at www.sompo-intl.com

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Sompo International is a global specialty provider of property and casualty insurance and reinsurance with worldwide operations and employees in Bermuda, U.S., UK, Continental Europe and Asia. Our commitment to integrity, teamwork, agility, execution and excellence define our culture. As we continue to grow, we strive to find talented, creative and driven professionals to join our diverse workforce. We offer a broad range of career opportunities at all levels, in multiple business areas, in each of our locations throughout the world.

Our approach to our business partners and colleagues is embodied within our strong core values. We are committed to maintaining excellent financial strength, industry-leading risk management practices and fully-accountable and engaged employees. We place a high value on community involvement, giving back to our local communities and support like-minded organizations and associations.

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