At a Glance
- Tasks: Manage a portfolio of global accounts and develop new business opportunities.
- Company: Join SCOR, a leading global reinsurer with a collaborative culture.
- Benefits: Enjoy competitive salary, professional growth, and the chance to influence strategy.
- Other info: Work alongside industry experts and contribute to meaningful business solutions.
- Why this job: Make a real impact in an internationally focused underwriting role.
- Qualifications: Proven underwriting experience and strong broker relationships required.
The predicted salary is between 75600 - 92400 £ per year.
You will take ownership of a portfolio of complex global accounts, leveraging strong broker relationships in the London Market while actively developing new business opportunities. With a clear mandate to grow and diversify the book, you’ll play a key role in delivering profitable, technically sound underwriting aligned to the wider business strategy.
This role offers genuine breadth, from High Excess and primary lead business to international programme structures, and the opportunity to help expand SBS's lead capabilities globally.
You will be managing and growing an established international portfolio, including renewals, endorsements, client and broker meetings, risk visits and claims involvement.
- Writing technically strong, profitable business that contributes directly to SCOR’s underwriting results.
- Developing SCOR’s market presence and leadership position across multiple geographies.
- Structuring and negotiating bespoke wordings and service solutions for complex risks.
- Writing lead and international programme business with confidence and authority.
- Representing SCOR at major international industry events and client conferences.
- Partnering closely with the Global Line Head to expand the business across London, Europe and North.
As 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.
Experience Essential
- Established underwriter with several years experience of direct underwriting experience in the London market or elsewhere.
- Proven underwriting skills including wording negotiation.
- Good market relationships.
- Established client relationships.
- Experience of writing international business and international programme business.
Desired
- Experience of presenting to reinsurers.
- Experience of writing direct (i.e. non-brokered) international business.
Competencies
- Sound technical knowledge of subjects associated to underwriting as well as a wider understanding of related legal, risk management, social and economic topics.
- Knowledge of competitors, cedants, reinsurers and brokers within the London market and internationally.
- Commercial and tactical vision.
- Ability to successfully negotiate “face-to-face” with brokers.
- Ability to lead business.
- Ability to promote the underwriting policy.
- Ability to use spreadsheets to a good standard.
- Able to adapt well to SCOR structure and philosophy, which includes technical underwriting and technical referrals.
- Ability to quickly acquire a thorough understanding of SCOR’s underwriting policy and guidelines.
- Understanding of company computer systems.
- Team player as well as capable of working on own initiative.
- Proactive.
- Strong verbal and written communication skills.
Why you should join SCOR Business Solutions?
You’ll have the scale, reputation and a global platform to write meaningful business combined with the autonomy to shape your portfolio and influence strategy. You’ll work alongside recognised market experts, with real support to grow, innovate and lead.
If you’re ready to make your mark and step into a senior, internationally focused underwriting role with genuine impact, we’d love to hear from you.
Some of the key areas of responsibility are as follows:
- Receive, select and evaluate offers of business from various sources, calculate ratings and negotiate the bespoke wordings of the contracts.
- Generate and originate new offers and promote SCOR by pro-active marketing in accordance with the strategy and guidelines defined in the SCOR's Roadmap and relevant guidelines.
- Maintain and develop relationships with clients and brokers; travel as and when required to do so.
- Attend broker and client hosted events.
- Respond to all enquiries in a timely manner.
- Assist the Global Line Head in the research, development and report on new areas of potential profitable growth.
- Maintain accurate records of quotes, risks accepted and declinatures.
- Control and verify premium income according to business plan.
- Assist the Global Line Head to produce reports of various formats for reporting purposes as required.
- Contribute to the claims settlement process in conjunction with the claims department.
- Attend market/client meetings to lead discussions on the restructuring of problem cases.
- Actively manage items on the Service Lines Watchlist.
- Monitor and develop the Service lines Pipeline.
- Meet with Service lines reinsurers on a regular basis as required.
- Contribute to the division’s technical knowledge of sectors and sub-sectors in which the jobholder is working.
- Motivate, encourage and contribute to the training of the team.
- Attend SCOR’s Lloyd’s box to service brokers submissions and endorsements, and negotiate policy terms.
- Ensure compliance with all relevant international licensing requirements for SCOR’s various offices.
- Represent SCOR on the LMA panel on an ad hoc basis.
- Oversee the submission of special acceptances to SCOR Underwriting Committee and Reinsurers for those deals which fall outside Underwriting Guidelines and pre-agreed reinsurance treaty terms.
Senior Underwriter International Casualty - SCOR Business Solutions (SBS) in London employer: SCOR Global Life
SCOR is an exceptional employer that fosters a collaborative and inclusive work culture, where employees are empowered to thrive through shared values and innovative thinking. As a Talent Acquisition Specialist, you will have the opportunity to engage with top industry professionals while contributing to meaningful projects that enhance societal resilience. With a strong focus on employee growth and development, SCOR offers a dynamic environment that encourages creativity and supports diverse talent across its global operations.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter International Casualty - SCOR Business Solutions (SBS) in London
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We think you need these skills to ace Senior Underwriter International Casualty - SCOR Business Solutions (SBS) in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at SCOR Global Life.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at SCOR Global Life. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at SCOR Global Life
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at SCOR Global Life to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at SCOR Global Life, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding SCOR Global Life's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.