Senior Underwriter, Excess Casualty

Job Description

Are you looking for your next opportunity?

Sompo has a unique opportunity for a Senior Underwriter on our Excess Casualty team.

Our Excess Casualty team brings extensive expertise and maintains strong, long-standing relationships with our broker partners. We provide a consistent underwriting approach, efficient turnaround times and are supported by an experienced claims team. We value long-term partnerships which are facilitated and supported by a strong and reliable service commitment.

Location: This position will be based out of our Bermuda 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:

• Develop and manage a profitable long-term Excess Casualty Liability portfolio while enhancing broker and client relationships to identify and establish new distribution opportunities.
• Underwrite, price, and negotiate accounts in alignment with the company’s strategy and risk appetite, while applying independent judgment and discretion in assessing and evaluating risk.
• Coordinate all stages of the underwriting process such as marketing, risk analysis, evaluating and prioritizing submissions, underwriting strategy, pricing programs and submissions, contract negotiation and contract maintenance.

• Work with the Actuarial department through the rating process.
• Assist with strategic planning by developing and maintaining suitable management information to effectively evaluate the portfolio.

• Identify and drive new product development opportunities, including working proactively with other underwriting teams to identify and capitalize on cross sell opportunities.

What you’ll bring:

• 5-7 years re/insurance industry experience within underwriting and/or broking preferred. (Preference will be given to those with experience in excess liability and/or umbrella liability).
• Bachelor’s/University degree preferred and completion or progress toward CPCU or ACII designation is ideal.
• Ability to work extended hours when necessary and willingness to be in the market on a regular basis with some overnight travel.
• Experience managing complex casualty risk-managed accounts, with preferred knowledge of and hands-on experience with Bermuda Market Excess Casualty forms, U.S. Umbrella Liability forms, and standard Follow Form Occurrence and Claims Made forms.

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

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 page

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.