Underwriter

Sompo; Manchester; On-site; GBP 80,000 - 105,000; Full time

Benefits offered by this job

Health & wellness benefits

Retirement & savings plans

Parental leave & adoption assistance

Job summary

Sompo, a global property, casualty and specialty insurer, seeks a Middle Market Underwriter for our UK Commercial Lines team based in Manchester. The role focuses on evaluating new and renewal submissions, pricing coverage, and setting terms in line with underwriting strategy.

You will build relationships with retail producers, drive profitability, and ensure governance and risk compliance. The ideal candidate has 8+ years in P&C middle-market underwriting and strong negotiation and

Qualifications

• 8+ years of P&C underwriting experience in the middle market.
• Undergraduate degree or higher, insurance or advanced degree preferred.
• Established relationships with retail producers.
• Strong negotiation and communication skills.
• Proficiency with Microsoft Office (Excel, Word and PowerPoint).
• Excellent written and verbal communication skills.

Responsibilities

• Prioritisation and evaluation of new and renewal submissions to identify opportunities for profit.
• Price and analyze coverage, structure and exposures on individual risks.
• Set terms and conditions per underwriting strategy and guidelines to quote qualified risks.
• Attend client/broker meetings and related events.
• Ensure profitability while complying with underwriting guidelines and procedures.
• Expand existing portfolio by developing relationships with existing and new clients.
• Conduct underwriting audits and refer risks outside authority for higher level approval.

Skills

Underwriting experience

P&C insurance

Middle market

Retail producers relationships

Negotiation

Communication

MS Office

Education

Undergraduate degree or higher

Insurance degree preferred

Tools

Microsoft Office Suite

Job description

Are you looking for your next opportunity? Sompo has a unique opportunity for an Middle Market Underwriter, in our UK Commercial Lines team.

Location: This position will be based out of our Manchester 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, Our Opportunity

What you’ll be doing:

• Prioritisation 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.

What You’ll Bring

• Undergraduate, Insurance or advanced degree preferred.
• At least 8+ years of P&C underwriting experience.
• Significant experience within the middle market space.
• 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

• 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.

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