Underwriter Alternative Solutions - London, United Kingdom - SCOR

SCOR

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Alternative Solutions is a department of P&C Solutions.

P&C Solutions is a key unit within Scor P&C which brings technical services to the two business units of the Division:
Reinsurance and Specialty Insurance.

Alternative Solutions provide a wide range of solutions for the transformation, financing and transfer of (re)insurance risks. It primarily acts as a service provider to the business units which are managing the respective client relationships.

Within the Alternative Solutions Business Unit, you are in charge of developing and maintaining the "Alternative" offering to SCOR Specialty Insurance underwriting teams, clients (corporate and captive clients) and brokers.

You are also responsible for the profitability of the non-traditional / alternative solutions within your portfolio.

The SCOR "Alternative" offering consists of:

Structured (re)insurance contracts (multiyear multiline products, retrospective reinsurance, contingent solutions,)
Captive reinsurance solutions
Parametric and ILS solutions

You will benefit from Scor P&C division support and will interact with other P&C market & specialty managers, with direct client contacts and with brokers to:

Contribute to the achievement of the underwriting plan
Contribute to the overall results of the Group by sound technical and profitable underwriting
Develop SCOR's market share and leadership position
Enhance Group image in the market by efficient and innovative support of client needs
Originate, design, evaluate and price offers of nontraditional / alternative deals proposals from various sources and negotiate conditions of the contracts, in coordination with the traditional LoB underwriter, in accordance with the underwriting management guidelines, and in coordination with the pricing department for actuarial support and validation
Manage and renew an existing portfolio of nontraditional / alternative deals currently in place and primarily brokered in the London market for corporate clients (directly or via captives), and in selected Continental Europe markets. You may also have to manage deal opportunities from US clients depending on allocation of the workload within the team.
Promote nontraditional / alternative deals to SCOR clients, brokers and SCOR Specialty Insurance underwriting teams
Generate new offers and promote the Group through proactive marketing in accordance with the strategy and guidelines
Bring technical support and education to SCOR Specialty Insurance underwriting teams in respect of Alternative Solutions area,
Contribute to the technical knowledge of nontraditional solutions
Investigate, analyze existing and new markets in the area and propose new contracts in order to develop the existing portfolio
Research, develop and report on new areas of profitable growth
Maintain relationships with clients and brokers
Contribute to the deal maintenance, including reporting, reserving and claims settlements in conjunction with the relevant departments

Required experience & competencies

A minimum of 57 years experience in the insurance/reinsurance industry, preferably in Alternative Solutions
Ideally, a minimum of 3 years work experience on "alternative risk transfer" in an international environment
Proven underwriting skills (marketing, negotiation, structuring, pricing, wordings),
Knowledge of competitors, clients and brokers
Ability to manage projects, define and implement a business plan with a c ommercial and tactical vision
Ability to successfully negotiate "facetoface" with brokers and clients
Strong IT skills, using complex spreadsheets, word and power point
Respect of internal control systems, compliance with processes and guidelines
Proactive, i nternational mindset with strong c ommunication and interpersonal skills
Sound analytical, organizational and reporting skills
We are looking for an experienced professional who is a team player, curious and flexible, with capacity to travel within the EMEA region and to SCOR HQ office in Paris (onetwo trips per month)
Any other language than English will be a plus

Required Education

A minimum of a college degree in Actuarial Science, Engineering, Finance or equivalent discipline. Business degree in addition would be a plus.

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk.

Leveraging experience and expertise to deliver "The Art & Science of Risk", SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments.

Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profi