Underwriting Professional - Professional Liability & Cyber, Sompo Pro

Sompo International; Boston (MA); On-site; USD 60,000 - 100,000; Full time

Job summary

Join a dynamic team at a leading insurance provider as an Underwriter specializing in Professional Liability and Cyber risks. This role offers the opportunity to work with a diverse range of clients and enhance broker relationships. You will be instrumental in evaluating risks and determining appropriate terms and pricing, all while fostering a collaborative work environment. With a commitment to employee development and a competitive compensation package, this is an exciting opportunity to grow your career in the insurance industry. If you are driven, innovative, and ready to make an impact, this position is perfect for you.

Benefits

Medical Plans

Dental Benefits

Vision Benefits

401(k) Retirement Plan

Competitive Paid-Time-Off

Tuition Reimbursement

Employee Assistance Program

Flexible Spending Accounts

Company-paid Life & AD&D Benefits

Parental Leave Benefits

Qualifications

• 2-5 years of experience in Professional lines Underwriting.
• Strong analytical and organizational skills are essential.

Responsibilities

• Underwrite various Professional Liability and Cyber risks.
• Maintain and develop broker relationships in the Northeast.

Skills

Professional Liability Underwriting

Cyber Risk Assessment

Analytical Skills

Communication Skills

Organizational Skills

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 an Underwriter with a foundation in Professional Liability or Cyber risks to join 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 Boston, MA 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:

• Underwrite Miscellaneous Professional Liability, Technology Errors and Omissions, Cyber Liability, Media Liability, Architects and Engineers Professional Liability, and Insurance Agents and Brokers.
• 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 Northeast 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.
• Effectively interact, communicate and negotiate with all levels of external and internal business partners.

What you’ll bring:

• Established relationships with Retail and Wholesale network in the Northeast marketplace.
• Minimum of 2 to 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.

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.