Underwriter

Sompo; Greater London; On-site; GBP 50,000 - 70,000; Full time

Benefits offered by this job

Health & Wellness Benefits

Retirement & Savings Plans

Global Parental Leave

Tuition Reimbursement

Job summary

Sompo is seeking an Underwriter for the International Casualty Reinsurance team based in London. This role involves underwriting risks in line with business plans and regulations while minimizing risk.

You will monitor portfolio performance, provide technical expertise, and contribute to strategic planning. The ideal candidate will possess extensive underwriting knowledge, strong communication and organizational skills, and relevant qualifications.

Qualifications

• Extensive knowledge in underwriting including market conditions and risk profiling.
• Understanding of legal/regulatory requirements, including FCA and Lloyd’s.
• Ability to engage and lead a team.

Responsibilities

• Underwrite and manage insurance risks according to the business plan.
• Monitor portfolio performance and produce management information reports.
• Build relationships with customers, brokers, and business partners.

Skills

Underwriting knowledge

Communication skills

Analytical skills

Negotiation skills

Detail-oriented

MS Office proficiency

Education

Relevant professional qualifications (ACII or equivalent)

Tools

Underwriting systems

Departmental software

Job description

Are you looking for your next opportunity? Sompo has a unique opportunity for an Underwriter in our International Casualty Reinsurance Underwriting team. The Underwriter will seek to develop the International Casualty line of business with a particular focus to include London Market, in addition to other territories, through Aspen’s Lloyds Syndicate, underwriting risks in accordance with the business plan and within delegated underwriting authority.

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.

What you’ll be doing

• Underwrites and manages insurance risks in line with the business plan, delegated underwriting authority, legal/regulatory requirements, reinsurance requirements, underwriting standards, and good practice to meet objectives while minimizing risk.
• Monitors portfolio performance and underwriting activity by supporting portfolio reviews, producing management information reports, tracking progress against objectives, and ensuring underwriting data, aggregate exposures, and DUA-related records are accurate and timely.
• Provides technical expertise and team support by identifying issues and opportunities, contributing to aggregate management and peer review processes, acting as a referral point for specific tasks or in the senior underwriter’s absence, and supporting team knowledge development.
• Contributes to strategy, planning, and prioritization by advising on plan developments, supporting operational team plans aligned to wider business strategy, and managing own priorities to achieve functional objectives.
• Maintains strong underwriting governance and documentation by ensuring underwriting files and related issues are logically organized, accessible, clearly documented, and compliant with required processes and procedures.
• Builds stakeholder relationships and market awareness by developing relationships with customers, brokers, business partners, and colleagues; responding to stakeholder requests within service standards; and applying awareness of market dynamics and cycles to support business performance.

What You’ll Bring

• Extensive underwriting knowledge in the relevant class/portfolio, including class-specific underwriting, reinsurance, market conditions, risk profiling, pricing tools, and loss models.
• Strong understanding of underwriting systems, processes, procedures, EPAs, and applicable legal/regulatory requirements, including FCA and Lloyd’s regulations.
• Strong communication, interpersonal, customer orientation, negotiation, collaboration, and people management skills, with the ability to engage and lead a team.
• Highly organized and detail-oriented, with the ability to work independently, plan effectively, manage conflicting priorities, meet deadlines, and conduct investigations.
• Proficient in MS Office and departmental software, with the ability to produce MI and detailed reports, analyze data, and apply insights to decision-making.
• Broad experience in a specialized/complex underwriting environment, including resolving complex underwriting queries, maintaining strong customer/broker relationships, and holding or working toward relevant professional qualifications such as ACII or equivalent.

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.

Benefits

• Health & Wellness Benefits
• Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance
• Employee Assistance Program
• Tuition Reimbursement & Professional Qualification benefits

Who We Are And What We Stand For

At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide.

Life at Sompo | Sompo

Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contactthe recruiter in charge.