Underwriter, North American Binding Authority - SCOR Business Solutions (SBS)

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London
Posted 4 days ago
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About the role

Manage the existing portfolio (renewals, endorsements, risk and client visits, client meetings, claims involvement). Contribute positively to the overall results of SCOR Specialty Insurance by demonstrably sound technical and profitable underwritingDevelop SCOR’s market share and leadership positionEnhance SCOR’s image in the market by efficient and innovative support of client needsNegotiate bespoke service line specific wordingsRepresent SCOR at international events, both general industry conferences and client hosted annual conferencesAs a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.Required EducationEssentialEducated to A Level, or equivalent qualificationsDesirableRelevant university degree, or equivalence ACII QualifiedRequired experience & competenciesExperience EssentialEstablished underwriter with several years of direct underwriting experience in the London market or elsewhereProven underwriting skills including wording negotiationEstablished market relationshipsExperience of writing international businessDesiredEstablished client relationshipsCompetenciesSound technical knowledge of subjects associated to underwriting as well as a wider understanding of related legal, risk management, social and economic topicsKnowledge of competitors, cedants, reinsurers and brokers within the London market and internationallyCommercial and tactical visionAbility to successfully negotiate “face-to-face” with brokersAbility to lead businessAbility to promote the underwriting policyAbility to use spreadsheets to a good standardAble to adapt well to SCOR structure and philosophy, which includes technical underwriting and technical referralsAbility to quickly acquire a thorough understanding of SCOR’s underwriting policy and guidelinesUnderstanding of company computer systemsTeam player as well as capable of working on own initiativeProactiveStrong verbal and written communication skillsReceive, select and evaluate offers of business from various sources, calculate ratings and negotiate the bespoke wordings of the contractsGenerate and originate new offers and promote SCOR by pro-active marketing in accordance with the strategy and guidelines defined in the SCOR Roadmap  and relevant guidelinesMaintain and develop relationships with clients and brokers; travel as and when required to do soAttend broker and client hosted eventsRespond to all enquiries in a timely mannerAssist the Global Line Head in the research, development and report on new areas of potential profitable growthMaintain accurate records of quotes, risks accepted and declinaturesControl and verify premium income according to business planAssist the Global Line Head to produce reports of various formats for reporting purposes as requiredContribute to the claims settlement process in conjunction with the claims departmentContribute to the division’s technical knowledge of sectors and sub-sectors in which the jobholder is workingMotivate, encourage and contribute to the training of the teamAttend SCOR’s Lloyd’s box to service brokers submissions and endorsements, and negotiate policy termsEnsure compliance with all relevant international licensing requirements for SCOR’s various officesPosting Date: 2025-10-28

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