Senior Underwriter, Middle Market

Sompo International; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player seeks a Senior Underwriter for their Real Estate team in London. This role offers the chance to engage with key broking partners and contribute to the growth of a comprehensive multi-line underwriting proposition. The ideal candidate will have extensive experience in real estate underwriting, strong negotiation skills, and the ability to build lasting client relationships. Join a collaborative environment that values integrity and excellence, and be part of a team committed to delivering exceptional service and innovative solutions in the insurance sector.

Benefits

Health & Wellness Benefits

Retirement & Savings Plans

Global Parental Leave

Adoption Assistance

Qualifications

• 8+ years of Real Estate or P&C underwriting experience.
• Deep underwriting experience in the real estate sector.

Responsibilities

• Evaluate new and renewal submissions for underwriting opportunities.
• Price and analyze coverage and exposures on individual risks.
• Expand existing portfolio by developing relationships with clients.

Skills

Real Estate Underwriting

Negotiation Skills

Communication Skills

Microsoft Office Suite

Education

Undergraduate Degree in Insurance

Advanced Degree

Job description

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 Senior Underwriter in our Real Estate team in the Middle Market.

Our Real Estate team within Middle Market is an established and solution focused team, offering tailored underwriting programmes at exceptional service within the Real Estate sector. After continued growth, we are looking to expand our domestic and multinational market share with key broking partners in London and across the UK.

The Middle Market propositionoffers comprehensive multi-line capabilities targeted at select industry verticals of real estate, hospitality, financial institutions, professional services, technology, and life science. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.

Location: This position will be based out of our London office. 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, Shared opportunity

What you’ll be doing:

• Prioritization and evaluation of new and renewal submissions to identify those accounts that provide the greatest opportunity for profit consistent with the business plan and corporate profit objectives.
• Price and analyze coverage, structure and exposures on individual risks.
• Set appropriate terms and conditions per the Company underwriting strategy and guidelines to quote qualified risks.
• Attend client/broker meetings, lunches, dinners and other social outings as applicable.
• Exercise proper underwriting pricing and discipline to meet profitability goals, complying with underwriting guidelines, systems and procedures.
• Expand existing portfolio of business by developing existing relationships and new prospective clients.
• Supports our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture. Emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite. Conducts individual account underwriting audits as needed.
• Complete underwriting referral applications for risks outside of your authority for higher level approval as necessary.
• Deep underwriting experience in the real estate sector.

What you’ll bring:

• Undergraduate, Insurance or advanced degree preferred.
• At least 8+ years of Real Estate or P&C underwriting experience.
• Significant experience within the real estate sector.
• Established relationships with retail producers.
• Strong negotiation skills.
• Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint).
• Excellent communication (both written and verbal) skills.

Our Benefits

We continuously evaluate and update our benefit programs to ensure that our plans meet the needs of our employees and their dependents. Below are a few highlights of our inclusive benefit programs:

• Expansive Health & Wellness Benefits
• Generous Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance

In today’s world, what do we stand for?

We strive to create exceptional value for our clients and shareholders while maintaining Sompo as an attractive place to work. We foster an environment of ongoing, open dialogue between managers and their direct reports, and believe in an organizational environment where everyone belongs. We proudly are a multi-racial, multi-cultural, global enterprise. We reject all forms of racism, bigotry, prejudice and injustice and continue to invest in building out an inclusive and diverse work environment.

About Us

Expert Partners.
Clarity in complexity.
Unwavering commitment.

We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance. Building on Sompo Holdings’ 130 years of innovation, we’re committed to applying all of our experience to simplify yours.

Our dedication to you shows up in the care we put in every detail, working to create a frictionless risk management journey for everyone we serve.

We lead with your priorities, meticulously crafting solutions, sharing insights, and understanding your needs.

Around the world, our 9,000+ employees use their expertise to learn, improve and find clear answers for your complex challenges.

Because when you choose Sompo, you choose the ease of expertise.

Sompo is an equal opportunity employer committed to a diverse workforce.

To learn more about visit our website at www.sompo-intl.com