Experienced Ocean Marine Underwriting Professional (R2322)

Job Description

Sompo Canada Services Corp. is a wholly-owned subsidiary of Sompo, a wholly-owned subsidiary of Sompo Japan Insurance Inc.

and is a member of the Sompo Holdings, Inc. (Sompo) group of companies.

Sompo is a financial services holding company organized under the laws of Japan whose shares are listed on the Tokyo Stock Exchange.

Sompo, through various operating subsidiaries, is 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 is the trade name for the global specialty property and casualty insurance and reinsurance operations of Sompo outside of Japan.

In Canada, Sompo is the brand under which Sompo Japan Insurance Inc. Canada Branch operates its Canadian insurance business.

That trade name is also used by our other offices in Bermuda, the United States, the United Kingdom, Continental Europe, and Asia.

Sompo 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.

At Sompo, 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 as a desirable place to work

Join us as we expand our Canadian insurance business! Help build the best underwriting team in Canada. Join an organization where our people have the opportunity to be their best and provide clients with innovative solutions to help support their growth.

We are seeking an Experienced Ocean Marine Underwriting Professional for our Ocean Marine team in Canada in our Toronto office.

This is an opportunity to start up our Ocean Marine business in Canada with the full support of the U.S. Insurance Ocean Marine practice and the Canadian Branch.

Our business, your impact, our opportunity :

What you’ll be doing :

• Responsible for the underwriting of the Ocean 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.

What you’ll bring :

• Minimum of 10 years experience of Ocean Marine / Cargo 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; French language is an asset

This job description outlines the general nature and level of work performed by individuals assigned to this position. It does not restrict the management's right to assign or reassign duties and responsibilities to this job at any time.

Sompo offers a competitive salary, comprehensive benefits package, and opportunities for professional growth and development.

Sompo is committed to employment practices, including recruitment and hiring practices, that are inclusive and accessible.

Accommodations for individuals with disabilities are available. Should you require accommodation, please contact human resources at [email protected].

Visit our website at www.sompo-intl.com