Site logo
Job Type:
Full-time
Minimum USD Salary: 110,000
Maximum USD Salary: 185,000

Industry:

Company: Sompo International Holdings Ltd.

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

Sompo International Holdings Ltd. (Sompo International) is a specialty provider of property and casualty insurance and reinsurance, established in March 2017 as the result of the acquisition of Endurance Specialty Holdings Ltd. by Sompo Holdings Ltd. (Sompo).

Sompo’s core business encompasses one of the largest property and casualty insurance groups in the Japanese domestic market. In addition, Sompo is engaged in the provision of insurance services as well as other related services through its global network of businesses operating in 32 countries around the world.

Sompo International is the international operation and a wholly owned subsidiary of Sompo, which trades on the Tokyo Stock Exchange. Through our operating subsidiaries, Sompo International underwrites agriculture, professional lines, property, marine and energy, and casualty and other specialty lines of insurance and catastrophe, property, casualty, professional lines, weather risk and specialty lines of reinsurance.

As a leading global provider of insurance and reinsurance, we recognize that our success is derived directly from those who matter most: our people. Sompo International’s headquarters is in Bermuda and we currently have offices in the United States, the United Kingdom, Continental Europe, and Asia. At Sompo International, a shared commitment to integrity, teamwork, agility, execution, and excellence define our culture, and we strive to create exceptional value for our clients and shareholders and maintain Sompo International as a desirable place to work.

Summary:

We are seeking a Assistant Vice President for our Inland Marine business in our Los Angeles, CA location. The U.S. Insurance Inland Marine practice offers a full portfolio of inland marine coverage including both mono-line and marine packages. Working with a select group of wholesale and retail brokers, our experienced specialists tailor solutions to meet the unique needs of each client. Providing individual risk policies as well as products for niche classes, we deliver risk solutions effectively and responsively.

Main areas of responsibility:

  • Responsible for the underwriting of the Inland Marine business within assigned territory and agency base.
  • Evaluates all individual risk characteristics to properly determine capacity, attachment point, terms and pricing to build and underwrite a diverse and profitable book of business.
  • Maintains and enhances existing broker relationships and identify and develop new relationships both regionally and outside the territory.
  • Develops and executes a marketing plan aimed at retaining existing business and producing new business.
  • Keeps abreast of industry trends with regard to pricing, new lines of business, etc.
  • Adapts underwriting techniques to underwriting guidelines and rating plans to write a wide range of account size and operations.
  • Recommends amendments and enhancements, including coverage, policy forms, premium rate plans and underwriting guidelines, loss control guidelines, and distribution.
  • Maintain files in an orderly manner consistent with company guidelines.
  • Ability to work with others within a team and contribute to the development of others.

Qualifications, Skills and Experience:

  • Minimum of 8-10 years experience of Inland Marine/Property underwriting experience
  • Established relationships with local retail brokers with ability to move business a plus
  • Successful track record of developing underwriters who acquire/apply a high level of underwriting skill, building agent/broker relationships and making the right business decisions;
  • Ability to plan strategically and prioritize workload to meet production and management objectives.
  • Experience successfully underwriting, quoting, and binding profitable business
  • Bachelor’s Degree preferred
  • Strong analytical and organizational skills
  • Strong negotiation skills;
  • Proficiency in Microsoft Office Suite (Excel, Word and PowerPoint);
  • Excellent communication (both written and verbal) skills;

Salary Range: $110,000 – $185,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo International, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms.The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.Below is a summary of our current comprehensive U.S. benefit programs:

  • 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.

Sompo International is an equal-opportunity employer committed to a diverse workforce. M/F/D/V

Visit our website at www.sompo-intl.com

Print Job Listing
We use cookies to improve your experience on this website. By browsing this website, you agree to this use of cookies.

Job Quick Search

Cart

Cart

Share