Head of Credit, Surety, Political Risks

The role is to lead the Reinsurance Specialty Lines CSPR underwriting function, comprising a globally distributed team of approximately 17 professionals across North America, Latin America, Europe and Asia-Pacific. The jobholder is responsible for the global CSPR treaty portfolio, its underwriting performance, strategic development and execution of the CSPR business plan.

CSPR is one of the largest and most strategically important Reinsurance Specialty Lines, encompassing Trade Credit, Surety, Structured Credit, Mortgage and Political Risks. The portfolio represents approximately EUR 700 million of premium and is subject to enhanced oversight due to its size, complexity, accumulation profile and sensitivity to macroeconomic and financial market developments.

The role is ideally based in Zurich, currently the home office of three CSPR underwriters, although the Head of Department may be located in another city where SCOR has a significant presence.

The Head of CSPR is responsible for the strategic direction, underwriting performance, profitability, capital deployment and accumulation management of the global CSPR treaty portfolio. The role leads a globally distributed organisation across North America, Latin America, Europe and Asia-Pacific and works closely with senior management, Risk Management, Finance, Pricing, Retrocession and the CUO Office to ensure disciplined portfolio management and sustainable value creation.

Due to the portfolio's size, accumulation profile and exposure to economic, credit and financial market developments, the role requires regular engagement with senior management and close coordination with Risk Management, Finance, Pricing and Retrocession functions.

The jobholder possesses deep expertise in the CSPR line of business, provides strategic direction and leadership to the Reinsurance Specialty Lines CSPR department, and operates effectively in a complex multicultural environment.

The jobholder is a member of the Reinsurance Specialty Lines Management team.

The jobholder is expected to act as a role model for SCOR's values, demonstrating Care, Integrity, Courage, Open Minds and Collaboration, while fostering an inclusive, high-performing and client-focused culture across the global CSPR community.

• Develop and execute the CSPR underwriting strategy in alignment with SCOR P&C strategic objectives and approved business plans
• Manage a global organization comprising approximately 17 professionals, including regional team leaders, senior underwriters, underwriters and a business analyst, ensuring consistent underwriting standards, portfolio management discipline and talent development across all regions
• Ensure compliance with SCOR processes, procedures and underwriting guidelines relating to risk analysis, exposure assessment, pricing and delegated underwriting authorities
• Lead the execution, monitoring and adjustment of the CSPR Reinsurance Business Plan to achieve sustainable profitability objectives
• Lead the active management of the CSPR portfolio in coordination with the CUO Office, optimizing capital deployment, portfolio composition, risk-adjusted returns and achievement of business plan objectives
• Recommend adjustments to portfolio positioning, underwriting appetite and capital allocation in response to market conditions, portfolio performance and emerging risk trends
• Ensure a robust governance framework for CSPR underwriting activities, including adherence to underwriting authorities, guidelines, portfolio management principles and regulatory requirements
• Lead the assessment, monitoring and management of accumulation exposures across the CSPR portfolio, ensuring alignment with SCOR's risk appetite and capital management objectives.
• Provide strategic recommendations to senior management regarding portfolio composition, emerging risks, accumulation management and capital deployment across the CSPR portfolio
• Support the Head of Specialty Lines on global projects
• Accountable for achieving the Business Plan objectives and KPIs through disciplined underwriting, active portfolio steering and efficient utilization of the capacity allocated by SCOR P&C Management
• Oversee the underwriting of Trade Credit, Surety, Structured Credit, Mortgage and Political Risks business, ensuring consistency of underwriting standards and portfolio management across all regions
• Responsible for arranging training / workshop to enhance underwriters’ know-how in CSPR and develop / promote UW best practices
• Responsible for the implementation of the steering actions defined with the CUO office to improve the CSPR Reinsurance portfolio performance, engaging with the Retrocession team and Pricing team to optimize the return on equity of the deployment of our net capacity
• Identify new streams of opportunities and related critical issues: ensure we deploy adequate resources for the expected value creation of such opportunities

• Define and regularly reassess…