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 Executive Risks 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
Key Duties and responsibilities
Be a leading underwriter and key broker contact for the EMEA Executive Risks portfolio
Successfully develop and execute the single risk D&O 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 Executive Risks line of business
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 Americas 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 Foreign Filer and International publicly listed Directors & Officers Liability and ancillary lines
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
SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.
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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