AVP - Underwriter, Primary Retail Casualty
About The Position
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 Assistant Vice President - Underwriter on our Retail Primary Casualty Underwriting team. Sompo North America provides a client-centric service approach by offering comprehensive multi-line capabilities. Taking a holistic approach to risk management, the unit offers general liability, commercial auto, and workers' compensation lines of business through a diverse range of program structures including guaranteed cost, SIRs, deductibles, captives, and more. The unit focus on large accounts across a wide range of industry practices in the U.S., Mexico, and Canada including manufacturing, real estate, hospitality, financial institutions, professional services, life sciences, technology, retail, and Asian-interest accounts. Additionally, engaging in cross-functional collaboration with our property, umbrella/excess, and environmental business units is integral to our organizational identity and success. Location: This position will be based in 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:
Requirements
- 7+ years of Commercial Casualty underwriting experience including General Liability, Workers Compensation and Auto
- Proven ability to underwrite, price, and negotiate complex accounts across a range of sizes, industries, and exposures
- Strong relationship management and communication skills with experience partnering effectively with brokers, insureds, and internal teams
- Collaborative working environment with strong oral and written communication skills
- Bachelor’s degree or equivalent experience
Responsibilities
- Manage and grow a complex Primary Casualty portfolio, underwriting business to achieve profitability and align with risk appetite and overall Sompo guidelines and business strategy
- Exercise underwriting authority to structure, price, and negotiate Primary Casualty programs, including limits, terms, and conditions across diverse risks and industries
- Leverage expertise in Commercial Casualty lines, including General Liability, Workers Compensation, and Auto, to develop and underwrite customized solutions for clients
- Utilize advanced pricing models for program structures such as guaranteed cost, large deductibles, SIRs, and captives to create customized casualty solutions
- Lead underwriting decisions in assigned market across key industries such as Real Estate, Hospitality, Manufacturing, Life Sciences, Technology, Retail, and Professional Services
- Conduct strategic account reviews and provide detailed, comprehensive file documentation for large Primary Casualty programs
- Evaluate and provide recommendations on adverse underwriting decisions, rate actions, coverage requirements, and declinations to ensure portfolio profitability
- Monitor market conditions, competitive trends, and regulatory developments to inform underwriting strategy and portfolio management
Benefits
- 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
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
