Senior Underwriter, Property Europe

SCOR has created a new P&C Facultative Division, with four regional teams:
North America, Latam, APAC and Europe, to further our success in the reinsurance market. Whilst Facultative underwriting is not new to us, our focused approach will help secure our position as a respected market player. Creating this book of business, in collaboration with the wider Insurance and Reinsurance teams is where this role begins.

Within this role, you are responsible for SCORs Property Facultative Reinsurance offering across Europe, with focus on the DACH markets. You will need to develop good relationships with clients and our wider underwriting teams.

As a (Senior) Underwriter for the European Team, you will support the strategic engagement for our business development, including business origination and maintenance of the SCOR Cedent Facultative offering to European and UK clients and brokers.

Together with the Regional Head, you play a key role in defining and achieving every year´s Plan. You are a driver of the profitability of the Cedent Facultative transactions in your regional line of business, which defines the success of the underwriting team within the region. Your plan contributions form part of the regional and global Cedent Facultative ambition and is achieved through sound technical and profitable underwriting.

These goals are achieved through your skill at developing SCOR’s market share and leadership position across Cedent Facultative Reinsurance through enhancing the Group image in the market by efficient and innovative support of client needs, being the partner, our clients not only need, but ask for.

No two days are the same, but that is how we become the experts that our clients expect to work with. Producing and managing your portfolios of accounts, through the strong market relationships you have, is at the core of your role  guidelines we develop are built to support the underwriting business plan for your line of business, but you have the chance to do much more than that, by actively contributing to portfolio growth and diversification, supporting the overall organization strategy.

There is always a lot to do, but everything is linked to the overall results of SCOR, developing our market share, and enhancing our market image.

When you receive, select and evaluate offers of business from various sources, your role is to determine the quality of the proposal, analyze the exposure, identify the optimal facultative arrangement and ultimately negotiate the best terms for SCOR whilst satisfying the needs of the client. But we also want you to support the development of our submission pipeline and promote SCOR by pro‑active marketing in line with the strategy and guidelines defined by us.

Business and Market relationships are key to yours and our success. By maintaining and developing these relationships with clients and brokers and attending broker and client hosted events, you get the chance to be part of our growth.

We want you to be curious and innovative. We see research and development as an important part of our work, with a desire to look at new areas of potential profitable growth.

It is also important to emphasize the importance of working as a team ther it’s across underwriting, or working closely with Claims and Pricing, we are successful because of this collaboration.

Some of the expectations of your role are;

Be part of a dynamic cross‑border team (Paris, Cologne, Madrid, London), delivering profitable growth and diversify the portfolio in accordance with strategy and in accordance with the Facultative Guidelines and practices

Receive, select, and evaluate offers of business from various sources, calculate pricing, & negotiate conditions of the contracts.

Take…