Lead Underwriter Engineering, Cedent Facultative Reinsurance Europe

SCOR has created a new P&C Facultative Division, with four regional teams: North America, Latam, APAC and Europe, to further our success in this market. Whilst Facultative underwriting is not new to us, our focused approach will help secure our position as a respected market player. Creating and managing this book of business, in collaboration with the wider Insurance and Reinsurance teams is where this role begins.

Within this role, you are responsible for SCORs Engineering (CAR,EAR, MB, EEI, DSU, CECR) Facultative Reinsurance offering across Europe, developing relationships with clients and our underwriters.

As a Lead Underwriter for Engineering in Europe + UK, you will drive the strategic engagement for our business development, including business origination and maintenance of the SCOR Cedent Facultative offering to clients and brokers in the region. You will report to the Head of Cedant Facultative Europe and work closely with another Engineering underwriter within the team.

You play a key role in elaborating and achieving the objectives of the yearly Plan, and for the 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.

Strategic Client Engagement – Support the development & delivery of the regional facultative ceding strategy across your line of business through the origination of placements in line with capacity and risk appetite 

Team Collaboration – Create strong, collaborative relationships with internal Reinsurance & Insurance leaders to drive the creation of profitable business, and ensuring SCOR is represented in an aligned manner to our clients

Market Negotiation - Negotiate terms, pricing and conditions to secure and provide the best possible facultative reinsurance solutions, managing and prioritising facultative submissions

Portfolio Optimisation - Manage and renew an existing portfolio of facultative deals currently in place, assessing placements against our risk profile to identify exposures

Analytics Discovery - Collaborate with analytics and risk modelling teams to determine optional facultative reinsurance needs based on exposure and loss scenarios; use and propose improvements for our pricing tools.

Client Management - Maintain relationships with clients and brokers, showcasing our position in the market, and additional value provided through our expertise. Participate occasionally as speaker in relevant market events.

Operational Excellence - Contribute to our high operational standards, including all underwriting activities but also reporting, reserving and claims settlements in conjunction with the relevant teams.

Compliance - Ensure facultative placements meeting internal governance, compliance and regulatory requirements, firmly within our Internal Control Systems process and Guidelines within the region

New Market Ideation – Stay informed on market developments, pricing shifts, and capacity changes, using this market intelligence to optimise facultative products, timing and structure.