Underwriter, Life Sciences

Are you looking for your next opportunity?

Sompo has a unique opportunity for an Experienced Life Sciences Underwriter on our Middle Market and Primary Casualty team.

Our Middle Market Life Sciences Underwriting team offers diverse multi-line capabilities focused on the pharmaceutical, nutraceutical, medical device and contract support service industries. Our team is responsible for the Property and Casualty lines of business inclusive of products and professional liability. We work through a network of retail brokers who share our commitment to long-term partnerships built on a strong service proposition.

Location: This position will be based out of our New York, NY, Boston, MA or Conshohocken, PA office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity

What You’ll Be Doing

• Underwrite across various lines, including Property, Auto, General Liability, Products Liability, E&O, Package, Umbrella and Workers’ Compensation
• Assess and prioritize new and renewal submissions to identify profitable opportunities aligned with business and corporate goals
• Analyze and price coverages, structures, and exposures for individual risks
• Utilize data analytics to enhance underwriting efficiency and streamline workflow
• Approve quotes, binders, and invoices, ensuring compliance within authorized limit
• Build strong customer relationships while maintaining a risk-aware and compliance-focused culture, emphasizing proactive monitoring and sound risk decisions
• Ensure underwriting pricing and discipline to achieve profitability goals, adhering to guidelines and managing Profit & Loss for Life Sciences
• Grow the business portfolio by fostering existing relationships and developing new clients and contribute to building a dedicated industry team
• Participate in broker meetings and attend networking events to drive business growth
• Organize production underwriting activities, including travel/marketing and target production plans
• Engage with various organizational levels to drive collaboration, trust, and strategic initiatives
• Contribute to competitive intelligence efforts by tracking industry trends, peer activities, and market knowledge
  
  

What You’ll Bring

• 2-3 years of P&C underwriting experience with a strong preference in Life Sciences
• Experience establishing and expanding relationships with insureds, agents, and brokers
• Ability to effectively communicate information and ideas to influence and grow our business
• Remains composed under pressure with exceptional organizational skills, integrity, and consistent follow-through
• Technical expertise in LS Global Clinical Trials, Products, E&O, and Property within Life Science preferred
• Highly responsive and tactfully assertive while preserving positive relationships even when declining requests
• Undergraduate degree or demonstrable industry experience
• Ability to travel up to 50% of the time, including overnight travel
  
  

Salary Range: $110,000 – $160,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

Summary

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits
  
  

In today’s world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.