Are you looking for your next opportunity? Sompo has a unique opportunity for a Senior Underwriter Financial Lines Germany. As Senior Underwriter Financial Lines, you will make a significant contribution to the growth and expansion of a well‑diversified, profitable and balanced Financial Lines portfolio.
Location
This position will be based out of our Cologne, Munich or Hamburg office.
What you’ll be doing:
- Independently manage and process a portfolio of Financial Lines contracts, including analyzing underwriting information and creating offers with appropriate terms and conditions to achieve expected profitability
- Conduct independent contract negotiations, participate in client meetings, and hold presentations to clients and brokers as part of policy renewals
- Maintain existing client and broker relationships as well as develop new business opportunities and co‑operations in the German and Austrian market
- Contribute actively to the development of underwriting strategies
- Support the development, introduction and modification of own products/product versions including monitoring of the local market and product developments
- Engage in proactive and distinctive sales activities with brokers, in‑house brokers and clients, and participate in Financial Lines events to promote the Sompo brand and increase submissions
- Active cross‑selling with other Sompo International Specialty Lines products, particularly identifying insurance needs arising from insured transactions
- Support the Head of Financial Lines Germany in the technical and professional training and supervision of (Associate) Underwriters in the team
What You’ll Bring:
- A recognized qualification in law, business and/or finance
- 5 to 10 years of professional experience in the insurance industry, with at least 5 years in the Financial Lines sector
- Experience in building and growing a profitable business in Financial Lines
- Proven disciplined approach to underwriting
- Experience in a start‑up environment or in developing new business and/or new products within an established company is an advantage
- Excellent networking skills and relationships with clients and brokers in Germany/Austria
- In‑depth knowledge of the German and European Financial Lines markets
- Strong product knowledge and previous underwriting experience in at least two of the following Financial Lines products:
- Managerial Liability (D&O, Fidelity Insurance (VSV), EPL, PTL/Trustee, POSI)
- Financial Institutions (FI D&O, FIPI, BBB, combined covers, POSI)
- Professional liability (chambered professions)
- Cyber
- Analytical, energetic, creative, adaptable, meticulous, determined, independent, intelligent, disciplined, assertive, proactive, hardworking, resilient, ambitious, team player
- Strong presentation and negotiation skills
- Ability to work under pressure and meet deadlines
- Ability to contribute, develop and deliver on local business plan and group strategy
- Independent, innovative and solution‑driven working attitude
- Excellent market relationships with a well‑established broker and client network
- Flexibility and willingness to travel and provide the highest quality of service
- Business fluent in German and English
Benefits
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits