Sompo · 17 hours ago
AVP - Underwriter, Primary Retail Casualty
Chicago, IL
Full-time
Onsite
Mid, Senior Level
$120K/yr - $195K/yr
7+ years expSompo is a client-centric insurance provider offering comprehensive multi-line capabilities. The Assistant Vice President - Underwriter will manage underwriting for the Retail Primary Casualty team, focusing on large accounts and ensuring adherence to guidelines while assessing risk and pricing appropriately.
Health InsuranceInsuranceRisk Management
Hiring Manager
Jenna Appello, CDR, PRC
Responsibilities
Effectively drive acceptable submission activity and quickly determine acceptability of risk in accordance with Sompo guidelines and standards
Good understanding of pricing components and rating methodology; prices risk based on financial and competitive analysis
Ability to analyze and underwrite specific risks such as Real Estate, Hospitality, Financial Institutions, Professional Services Firms, Manufacturing, Life Science, Technology, Retail etc
Knowledge in General Liability, Workers Compensation and Auto
Uses all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed
Exhibits strong technical underwriting skills through strategic, thorough account reviews and file documentation on large casualty business
Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations to drive results within the assigned territory
Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risks
Keeps current on state/territory issues, regulations, and trends
Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc
Qualification
Required
Minimum of 7+ years of underwriting/insurance experience
Good understanding of pricing components and rating methodology; prices risk based on financial and competitive analysis
Ability to analyze and underwrite specific risks such as Real Estate, Hospitality, Financial Institutions, Professional Services Firms, Manufacturing, Life Science, Technology, Retail etc
Knowledge in General Liability, Workers Compensation and Auto
Uses all appropriate underwriting tools, disciplines, and knowledge of strategies to ensure underwriting guidelines are followed
Exhibits strong technical underwriting skills through strategic, thorough account reviews and file documentation on large casualty business
Prepares or analyzes information on adverse underwriting decisions, rate appeals, underwriting requirements, status, and declinations to drive results within the assigned territory
Adheres to guidelines and underwriting discipline to minimize exposure and appropriately price risks
Keeps current on state/territory issues, regulations, and trends
Complete understanding and ability to use sophisticated pricing models across various structures: guaranteed cost, captives, SIRs, deductibles, etc
Well versed and experienced in working, producing, and underwriting all sizes of accounts with the large brokerage houses, agents, and specialty retailers
Established underwriting, quoting, and binding track record of profitable business
Well established relationships with brokers and agents on both a regional and national level
Strong negotiation skills
Team player and collaborative by nature
Strong attention to detail
Excellent oral and written communication skills
Preferred
Bachelor's Degree preferred
Benefits
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
Company
Sompo
We’re Sompo, a global provider of property, casualty, and specialty insurance and reinsurance.
5001-10000 employees
H1B Sponsorship
Sompo has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (12)
2024 (13)
2023 (19)
2022 (28)
2021 (5)
2020 (12)
Funding
Current Stage
Late StageLeadership Team
James Shea
Chief Executive Officer
Brian Bohaty
Chief Operating Officer, Global Insurance
Recent News
Sompo International Holdings Ltd.
2025-09-19
Company data provided by crunchbase