Sr. Underwriter, Cyber/E&O Underwriting, Sompo Pro

Sompo International; Chicago (IL); On-site; USD 125,000 - 150,000; Full time

Job summary

An established industry player is seeking a Senior Underwriter for Cyber and E&O insurance. This role is pivotal in underwriting a range of professional liability insurances, where you'll leverage your expertise to evaluate risks, maintain broker relationships, and develop marketing strategies. Join a dynamic team that values integrity and collaboration while offering a supportive work environment that fosters career growth. With competitive compensation and comprehensive benefits, this opportunity is perfect for a driven professional looking to make a significant impact in the insurance sector.

Benefits

Medical Plans

Dental Benefits

Vision Benefits

401(k) Retirement Plan

Paid Time Off

Tuition Reimbursement

Employee Assistance Program

Competitive Parental Leave

Tax-Free Commuter Benefit

Qualifications

• 5+ years of experience in Professional lines underwriting.
• Strong analytical and organizational skills are essential.

Responsibilities

• Underwrite various professional liability insurances.
• Evaluate risks and determine capacity and pricing.

Skills

Underwriting Professional Liability

Cyber Liability

Communication Skills

Analytical Skills

Relationship Management

Education

Bachelor's 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, Cyber/E&O as part of our Sompo Pro team.

Our Sompo Pro Underwriting team offers Cyber, Tech E&O, Miscellaneous Professional Liability, Insurance Agents E&O, and Architects and Engineers E&O for primary and excess risks. We work through a network of brokers who share our commitment to long-term partnerships built on a strong service proposition.

Location: This position will be based out of our Chicago, IL 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:

• Underwriting of Miscellaneous Professional Liability, Technology Errors and Omissions, Cyber Liability, Media Liability, Architects and Engineers Professional Liability, and Insurance Agents and Brokers.
• Ability to evaluate all individual risk characteristics and properly determine capacity, attachment point, terms and pricing.
• Maintain and enhance existing broker relationships as well as identify and develop new relationships within the Central region with both retail and wholesale partners.
• Develop and execute marketing plans aimed at retaining existing business and producing new opportunities that fit within the Sompo Pro division risk appetite.
• Ability to effectively interact, communicate and negotiate with all levels of external and/or internal business partners.

What you’ll bring:

• Established relationships with Retail and Wholesale Network in Central Marketplace.
• Minimum of 5 years of Professional lines Underwriting Experience.
• Excellent oral and written communication skills.
• Strong analytical and organizational skills.
• Ability to travel approximately 10% of the time.

Salary Range: $125,000 – $150,000. Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

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 our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution.
• Pharmacy benefits with mail order options.
• Dental benefits including orthodontia benefits for adults and children.
• Vision benefits.
• Health Care & Dependent Care Flexible Spending Accounts.
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children.
• Company-paid Disability benefits with very competitive salary continuation payments.
• 401(k) Retirement Savings Plan with competitive employer contributions.
• Competitive paid-time-off programs, including company-paid holidays.
• Competitive Parental Leave Benefits & Adoption Assistance program.
• Employee Assistance Program.
• Tax-Free Commuter Benefit.
• Tuition Reimbursement & Professional Qualification benefits.

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

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sexual orientation, national origin, or age.