VP, Financial Institutions Segment Leader

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 Reporting to the SVP, Head of Financial Lines Bermuda, this position will be responsible for assisting in the strategy, development, underwriting and maintenance of the company’s Financial Institution business.

Essential Duties And Responsibilities

• Underwrite, price and negotiate accounts in line with the company’s strategy and risk appetite
• Coordinate all stages of the underwriting process such as marketing, risk analysis, contract negotiation and contract maintenance
• Exercise discretion and independent judgment in the analysis and evaluation of risks
• Develop and enhance relationships with brokers and clients to identify and establish new distribution relationships
• Develop and manage a portfolio of commercial management liability Fortune 1000 clients
• Evaluate and prioritize submissions
• Assist in monitoring portfolio growth and profitably
• Identify and drive new product development opportunities, including working proactively with other underwriting teams to identify and capitalize on cross sell opportunities
• Assist in the training and development of underwriting and technical staff
• Coordinate legal and actuarial resources where appropriate across the portfolio

Qualifications, Skills And Experience

• Minimum 10 years financial lines insurance experience specializing in underwriting or broking Financial Institutions
• University degree, with specialization in Business, Finance or Economics preferred
• Robust experience with contract wordings and endorsements
• Knowledge of standard primary and excess Professional Lines policy forms
• Strong analytical and marketing skills
• Proven ability to effectively interact, communicate and negotiate with all levels of external and/or internal business partners
• Demonstrated people and process management skills
• Deep understanding of US and Bermuda Financial Lines markets and protocols
• Well established and significant relationships with U.S. and Bermuda Financial Lines producers and customers
• Ability to work extended hours and travel at short notice