D&O Underwriter

Date: Jan 15, 2022

Location: London, GB

Company: SCOR


London United Kingdom (GB) 


D&O Underwriter 





          About SCOR         

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. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.


Job Summary:
Seeking a self-starter, highly motivated, qualified professional with a strong work ethic that will be responsible for working with the Executive Risks team on executing the Directors and Officer Liability single risk strategy for SCOR Specialty Insurance.  This is a recent start-up business unit therefore candidates should possess a broad skillset to contribute to the building of a profitable and balanced portfolio.  The portfolio currently focuses on US traded risk as well as internationally publicly listed entities and larger complex private companies.  Such an individual will also be expected to lead in a variety of disciplines to aid the development of the portfolio, including underwriting, relationship management, and policy forms. Must be team player 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:
•    Successfully execute the single risk D&O strategy
•    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.
•    Assist the Executive Risks team in growing and refining the underwriting methodology for D&O and related product lines.
•    Contribute to long-term growth strategy including development of new policy forms.
•    Operate within delegated authority levels on assignment of higher technical complexity and coordination.
•    Contribute to the financial planning and forecasting process; monitor risk exposure within outlined limits.
•    Develop new and existing relationships with broking houses throughout the UK&I and Europe with the highest level of service and advice, and proactively work with them to seek new business opportunities on targeted companies.
•    Collaborate with other SCOR Specialty underwriters in the London Market and UK&I and Europe to provide comprehensive “all lines” whole account solutions where possible.
•    Maintain an overview of all claims advised, undertake regular updates with the claims team and where necessary provide input on claims negotiations and claims settlement.
•    Proactively manage your accounts and make any necessary adjustments in the industry mix, attachment points and limits to ensure a long term, profitable book of business.
•    Develop and maintain relationships with distributors (brokers) in support of business retention and acquisition.
•    Keeps abreast of legal, regulatory and industry trends that may impact this line of business.
•    Demonstrate a willingness to travel internationally as required and attend evening business social events as appropriate

Required experience & competencies

•    Extensive experience of successful underwriting of Directors & Officers Liability and related lines of business
•    Experience focused on the Commercial and/or Financial Institutions
•    Strong relationship with distribution partners throughout the UK&I

Personal Competences:
•    Accountability, team-oriented, strong business acumen, communication skills (oral & written), self-starter, flexibility, time management, strong ethics

Managerial competences: 
•    As the business grows, willingness to develop the competency skills needed to become a team leader

Required Education 
•    Degree educated or equivalent
•    Insurance Industry designations (ACII, etc.) desired but not required

If you are interested in this position then please submit your profile to us via our Recruitment Portal.