Assistant Vice President Senior Underwriter – Executive Risk

2 weeks ago

Toronto, Canada SCOR Full time

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


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 Canada 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


Required Education 

Bachelor’s degree from a reputable University MBA is desired but not required Insurance Industry designations (RPLU, etc.) desired but not required


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 Canada

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

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