Senior Underwriter, Casualty Cedent Facultative Reinsurance Europe

About us

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As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.

Tasks

You play a role in elaborating and achieving the objectives of the Plan, and for the wider profitability of the Cedent Facultative transactions in your regional line of business. This is the success measure 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.

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 time to identify, research, develop and report on new areas of profitable growth
• Be comfortable in marketing and cross selling the capabilities of other units across the Group, be it Treaties, Alternative Solutions, Specialty Lines or Insurance (SBS), to Managers, Brokers and Ceding Companies
• Develop marketing materials and intelligence documentation based on research and analysis of both the portfolio results and the market data
• Provide technical expertise, best practices and mentoring to underwriters in the region that assist in sourcing new business opportunities
• Collaborate with peers within your team and in other regions to share market intelligence, best practices; but most importantly ensuring that our underwriting methodology is consistent throughout the World.
• Assist other business lines in local market interactions to support cross-LOB growth
• Collaborate with the Claims Function in negotiating/resolving the claims arising from your portfolio.
• Ensure data quality and reporting to all our IT systems

You will impress us with

• Strong underwriting experience across the (re)insurance market
• High technical acumen of reinsurance and insurance Casualty wordings.
• Thorough understanding of pricing models (proportional, non-proportional)
• Ability to travel

Competencies:

Cycle Management - Having the ability to manage underwriting decisions and relationships around the market's cyclical nature; You can flex your mindset around underwriting strategy, capacity management, portfolio management and long-term partnerships to achieve successful and profitable underwriting decisions

Commercial Business Acumen - You are able to negotiate profitable business with a structure that works for both client and SCOR. xmdgtar

Critical Thinking - You can assess complex risks, analyze market trends, and make data-driven underwriting decisions to improve profitability whilst mitigating exposure.

Negotiation & Persuasion - You can lead negotiations involving complex policies, ensuring client satisfaction and profitability, negotiating terms, resolving conflicts, and advocating for clients

Entrepreneurial Spirit - You can identify new market opportunities, develop innovative products and adapt to emerging risks

Intellectual Curiosity - You have the genuine desire to learn, understand and explore new ideas, concepts and perspectives, and produce credible industry collateral to place SCOR as a Market Thought Leader

Emerging Risk Discovery - You focus on identifying and evaluating new risks, monitoring and assessing non-traditional risks, and developing strategies to address these risks

We offer

• High autonomy and impact within a purpose-driven organization
• Formal and informal mentorship, sponsorship, and leadership development opportunities
• A culture of transparency, trust, and innovation – where every voice is valued
• Flexible work arrangements to support work-life balance, including hybrid and family-friendly policies
• Competitive compensation and benefits package
• Get ready for the future with SCOR University - our digital learning platform
• Active support for gender diversity, including participation in women's leadership events and networks

Additional contact details

Fabian Förster

Talent Acquisition Specialist

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