D&O Underwriter - SCOR Business Solutions (SBS)

• 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

• 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

Required Education

Essential

• Educated to A Level, or equivalent qualifications

Desirable

• Relevant university degree, or equivalent

• ACII Qualified

Experience

Essential

• 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

Desired

• Established client relationships

Competencies

• 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