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AVP Exec Risk -D&O Underwriter

Date: Dec 2, 2021

Location: New York, US

Company: SCOR

     AMERICAS     

New York United States (US) 

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AVP Exec Risk -D&O Underwriter 

Permanent 

Underwriting 

 

 

          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 and lead in a variety of disciplines 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.

Essential Duties & Responsibilities/ 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.
  • Develop relationships with distribution partners throughout the Americas and proactively work with them to seek new business opportunities on targeted companies.
  • Collaborate with other SCOR Specialty underwriters in the Americas to provide comprehensive “all lines” whole account solutions where possible.
  • 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.

Direct reportsNone

 

Profile and Role Location

  • Highly visible role within Specialty Insurance
  • Role Location:  New York or Chicago desired but not required

 

Required experience & competencies

Experience:

  • 5 to 10 years 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 USA

 

 

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

  • Bachelor’s degree from a reputable University
  • MBA preferred  

Insurance Industry designations (RPLU, etc.) desired but not required

 

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