Underwriter - Cyber Reinsurance

About the role

Reporting to the Head of Casualty, the Underwriter - Cyber is responsible for underwriting and managing Cyber reinsurance business within delegated authority. The role contributes to portfolio performance, development and delivery of the Casualty business plan, applying specialist Cyber market knowledge and underwriting judgement to risk selection, pricing, structuring and exposure management.

Key responsibilities

• Underwrite new and existing Cyber reinsurance business within delegated authority, guidelines and risk appetite, assessing risks and setting pricing, terms, conditions and structures.
• Monitor Cyber business throughout the underwriting lifecycle, taking account of risk profile, claims, portfolio performance and market conditions.
• Build relationships with brokers, clients and other market participants to develop new business, support retention and grow the Cyber portfolio.
• Keep abreast of market developments, competitor activity and emerging Cyber risks, and contribute to business planning.
• Apply pricing methodologies and tools, assessing the strengths and limitations of actuarial pricing approaches.
• Control Cyber exposures within agreed parameters and record exposure information accurately.
• Support the Heads of Casualty, Underwriting Exposure Management and Ceded in developing Cyber modelling, exposure management and an outward reinsurance strategy.
• Work with Actuarial, Exposure Management, Claims and other functions on pricing, risk and portfolio management, and help improve the underwriting team's governance and the development of less experienced colleagues.

Required profile

• Bachelor's degree or equivalent relevant experience.
• Professional industry qualification, or progress towards a relevant designation such as ARe, CPCU or ACII, preferred.
• At least seven years' relevant insurance or reinsurance experience, with significant Cyber underwriting experience.
• Strong knowledge of global Cyber insurance and reinsurance markets, including regional differences in pricing, modelling, coverage and perils.
• Experience building relationships with brokers, clients and other market participants.

Required skills

• Cyber underwriting capability: risk selection, pricing, structuring, exposure and portfolio management.
• Understanding of Cyber risks, including exposures, accumulation and emerging trends.
• Working knowledge of actuarial pricing methodologies and Cyber pricing, risk structuring and portfolio aggregation.
• Knowledge of Cyber modelling, exposure management, reinsurance workflows (treaty and claims) and underwriting systems.
• Analytical ability, attention to detail, sound judgement, and strong communication and stakeholder management skills.