D&O Underwriter - Business Solutions; SBS

Job Description

London, United Kingdom

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Responsible for underwriting new and renewal accounts as well as risk and client visits, client meetings, claims involvement.

Contribute positively to the overall results of SCOR Business Solutions by demonstrably sound technical and profitable underwriting

Develop SCOR’s market share and leadership position

Enhance SCOR’s image in the market by efficient and innovative support of client needs

Negotiate bespoke service line specific wordings

• Evaluate and underwrite complex D&O risks, negotiate bespoke wordings, and proactively drive new business in line with SCOR’s strategy to achieve profitability and growth targets.
• Generate and originate new business and promote SCOR by pro-active marketing in accordance with the strategy and guidelines defined in the SCOR Roadmap and relevant guidelines
• Successfully execute the Executive Risk strategy
• Aim to achieve and exceed the financial targets (profitability, expense, premium) for this line of business while also making a positive contribution to the SCOR Business Solutions.
• Proactively manage your accounts and respond to all enquiries in a timely manner
• Respond to all enquiries in a timely manner
• Build and maintain strong relationships with brokers and clients across UK&I and Europe in support of business retention and acquisition, delivering exceptional service and collaborating on whole-account solutions
• Collaborate with other SCOR Business Solutions underwriters in the London Market and UK&I and Europe to provide comprehensive “all lines” whole account solutions where possible.
• Travel as and when required to do so and also attend broker- and client-hosted events
• Support product innovation, underwriting methodology, and long-term growth initiatives, while staying ahead of legal, regulatory, and industry trends.
• Assist the Regional Line Head in the research, development and report on new areas of potential profitable growth
• Contribute to the division’s technical knowledge of sectors and sub-sectors in which the jobholder is working
• Ensure accurate records, premium control, compliance with international licensing, and timely reporting to support business objectives.
• Maintain accurate records of quotes, risks accepted and declinatures
• Control and verify premium income according to business plan
• Assist the Regional Line Head to produce reports of various formats for reporting purposes as required
• Partner with the claims team on negotiations and settlements to protect SCOR’s interests and client relationships.
• Maintain an overview of all claims advised, undertake regular updates with the claims team and where necessary provide input on claims negotiations and claims settlement.
• Mentor team members and contribute to technical expertise within the division.
• Motivate, encourage and contribute to the training of the team

• Educated to A Level, or equivalent qualifications
• Relevant university degree, or equivalent
• ACII Qualified

• Established underwriter with several years of direct underwriting experience in the London Market or elsewhere
• Proven underwriting skills including wording negotiation
• Established market relationships
• Experience of writing international business
• Sound technical knowledge of subjects associated to underwriting as well as a wider understanding of related legal, risk management, social and economic topics
• Knowledge of competitors and brokers within the London market and internationally
• Commercial and tactical vision
• Ability to successfully negotiate “face-to-face” with brokers
• Ability to lead business
• Ability to promote the underwriting policy
• Ability to use spreadsheets to a good standard
• Able to adapt well to SCOR structure and philosophy, which includes technical underwriting and technical referrals
• Ability to quickly acquire a thorough understanding of SCOR’s underwriting policy and guidelines
• Understanding of company computer systems
• Team player as well as capable of working on own initiative
• Proactive
• Strong verbal and written communication skills
• Locations Level 6, London, United Kingdom, EC2N 4BQ
  , GB

As a leading global reinsurer, SCOR offers its…