Vice President, E&S Primary Casualty

Vice President, E&S Primary Casualty page is loaded
Vice President, E&S Primary Casualty Apply
locations
Alpharetta, Georgia
Greater Chicago Area, Illinois
time type
Full time
posted on
Posted 2 Days Ago
job requisition id
R1851
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 DescriptionSompo 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 defines 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 VP, E&S Primary for our Sompo North America team located in our Alpharetta GA or Chicago IL, office. This position will be responsible for acting as Industry Segment Leader for Products/Mfg risks, generating new business, and marketing for our E&S Primary operation Nationwide.
Servicing middle market and large accounts domiciled in the US; we work through a network of wholesale brokers who share our commitment to long-term partnerships.
Sompo North America provides a client-centric service approach by offering comprehensive multi-line capabilities to accounts in select industry including manufacturing, construction, hospitality, real estate, mercantile and misc. services. Dedicated to risk management and individual account underwriting, the unit offers primary casualty (general liability) solutions to middle-market and large accounts across target industry classes in the U.S.
Duties and Responsibilities:
Ability to drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards;
Demonstrated technical expertise and product knowledge in P&C Insurance with an emphasis on manufacturing and product liability risks. Act as Industry Practice leader setting strategy, handling referrals and marketing to our wholesale intermediary partners.
Expertise of pricing and rating methodology; prices risk based on financial and competitive analysis;
Uses all appropriate underwriting tools, disciplines and knowledge of strategies to ensure underwriting guidelines are followed;
Exhibits 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 guidelines and underwriting discipline to minimize exposure and appropriately price risks;
Keeps current on state/territory issues, regulations, and trends; and
Basic understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc.
Desired Skills & Experience
Minimum 10 years of underwriting authority/insurance experience.
Bachelor’s Degree preferred
Experience in working, producing, and underwriting all sizes of accounts with large brokerage houses, agents, and specialty wholesalers.
Established underwriting, quoting, and binding track record of profitable business
Established relationships with brokers and agents on both a regional and national level
Strong negotiation skills
Team player and collaborative by nature
Strong attention to detail
Excellent oral and written communication skills
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
Similar Jobs (4)
AVP, Underwriting Lawyers Professional Liability, Sompo Pro
locations
2 Locations
time type
Full time
posted on
Posted 10 Days Ago
AVP, Allied Health Underwriter
locations
Greater Chicago Area, Illinois
time type
Full time
posted on
Posted 30+ Days Ago
Technical Training and Development Manager
locations
6 Locations
time type
Full time
posted on
Posted 2 Days Ago
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.
#J-18808-Ljbffr