Underwriter, P&C Middle Market

Sompo Holdings, Inc.; Greater London; Hybrid; GBP 75,000 - 110,000; Full time

Job summary

Sompo Holdings, Inc. in London is seeking an experienced Underwriter for P&C Middle Market to manage submissions, pricing, and terms in collaboration with brokers.

You will build relationships with retail producers, expand the portfolio, and ensure profitability within the company guidelines and risk appetite. Hybrid work from our London office.

Qualifications

• 5+ years of P&C underwriting experience.
• Experience in the middle market space.
• Established relationships with retail producers.
• Underwriting in Property and Liability lines preferred.

Responsibilities

• Prioritize and evaluate new and renewal submissions for profitability.
• Price and analyze coverage, structure and exposures on risks.
• Set terms and conditions per underwriting guidelines.
• Attend client/broker meetings and industry events as applicable.
• Expand portfolio by developing relationships with clients.
• Support governance and risk management in line with policy.

Skills

Underwriting experience

Negotiation skills

Communication skills

Retail producer relationships

P&C underwriting

Microsoft Office

Education

Undergraduate degree in Insurance

Advanced degree preferred

Tools

Microsoft Office

Job description

## Underwriter, P&C Middle MarketApply: Hybrid: London, United Kingdom: Full time: Posted Yesterday: R4899## **Job Description****Are you looking for your next opportunity?**Sompo has a unique opportunity for an **Underwriter, P&C Middle Market** in our **Underwriting** team.The Middle Market proposition offers comprehensive multi-line capabilities targeted at select industry verticals such as 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 environmentwhere our employees thrive and develop long lasting careers. **Our business, your impact, our 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.* Support 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:*** Underwriting experience in Property and Liability within the middle market space. Experience in other lines of business would be viewed as positive but is not a pre-requisite.* Undergraduate, Insurance or advanced degree preferred.* At least 5 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. 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.Below is a summary of some of the benefits we offer, which may vary depending on the country:* 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 contact the recruiter in charge.