Underwriter, Cyber/E&O Underwriting, Sompo Pro

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

Job summary

Sompo is seeking an Underwriter to join their Cyber/E&O Underwriting team in Chicago. The role involves underwriting various professional liabilities and maintaining relationships with brokers. Candidates should have a minimum of 5 years' experience in professional lines underwriting and strong communication skills to excel in this collaborative environment.

Benefits

Medical plans options

401(k) Retirement Savings Plan

Competitive paid-time-off programs

Tuition Reimbursement

Employee Assistance Program

Company-paid Disability benefits

Qualifications

• Minimum of 5 years of Professional lines Underwriting Experience.
• Established relationships with Retail and Wholesale Network in Central Marketplace.
• Ability to travel approximately 10% of the time.

Responsibilities

• Underwriting of various liabilities including Cyber Liability and Miscellaneous Professional Liability.
• Evaluate individual risk characteristics to determine capacity and pricing.
• Maintain and enhance broker relationships within the Central region.

Skills

Communication

Analytical Skills

Organizational Skills

Education

Bachelor's Degree or equivalent experience

Job description

Join to apply for the Underwriter, Cyber/E&O Underwriting, Sompo Pro role at Sompo

Join to apply for the Underwriter, Cyber/E&O Underwriting, Sompo Pro role at Sompo

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Are you looking for your next opportunity?

Sompo has a unique opportunity for a

Are you looking for your next opportunity?

Sompo has a unique opportunity for a 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 with in 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 approximate 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.

Summary

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, sex orientation, national origin, or age.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Insurance

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