Seeking a highly motivated, qualified professional with a strong track record in the London Market that will be responsible for working with the Global Segment Leader, Financial Institutions on executing the Executive Risks, Financial Institutions single risk strategy for SCOR Specialty Insurance.
This business is entering its fourth year of underwriting therefore involvement in all aspects of the underwriting platform is necessary to take the portfolio into its intermediate phase. This includes management of the Financial Institutions London portfolio, product development and providing thought leadership, as well as the underwriting of new/renewal business and developing, and maintaining, broker relationships.
The London underwriting platform will be directly responsible for underwriting North American and International business placed in the London Market. Must be team player, technically precise in underwriting and have effective communication and project management skills to work with all the internal stakeholders (Claims, Actuarial, Legal, Underwriting Management, Group Risk Management and Senior Management) that have a vested interest in this highly visible initiative.
- Be a leading underwriter and key broker contact for the EMEA Financial Institutions portfolio
- Successfully develop and execute the single risk Financial Institutions strategy for the London and EMEA market
- Work closely with RLH to deliver on, and adjust, if necessary, strategy and drive underwriting excellence across the Financial Institutions lines of business (including D&O, PI, Crime, and ancillary lines)
- Use of your deep understanding of the London Market, its product offerings and competitive landscape to
- Achieve and exceed the financial targets (profitability, expense, premium) for this line of business while also making a positive contribution to the SCOR Specialty Insurance results.
- Develop relationships with distribution partners throughout the London market and internationally and proactively work with them to seek new business opportunities on targeted companies
- Proactively manage the portfolio and make any necessary adjustments in the industry mix, attachment points and limits to ensure a long term, profitable book of business
- Contribute to the London underwriting unit’s financial targets/goals whilst also making a positive contribution to the SCOR Specialty Insurance EMEA results
- Assist, alongside the Actuarial Dept, in the furtherance of data analytics and rating model adjustments
- Willingness to travel for client and broker meetings as well as insurance conferences
- Operate within delegated authority levels
- Collaborate with other SCOR Specialty underwriters in the UK and EMEA to provide comprehensive ‘all lines’ whole account solutions where possible
- Keeps abreast of legal, regulatory and industry trends that may impact this line of business
Experience:
- Several years experience of successful underwriting of financial lines insurance products for Financial Institution clients
- Strong relationship with distributions partners throughout the London Market and EMEA
Personal Competences:
- Accountability, team oriented, strong business acumen, communication skills (oral & written), self-starter, flexibility, time management, strong ethics
Managerial competences:
- Willingness to develop the competency skills needed to become a team leader
Required Education
- Bachelor’s degree from a University or related work experience
In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.
At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.
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