Cyber Underwriter or Senior Underwriter / Toronto

Everest Insurance Company of Canada; Toronto; On-site; CAD 75,000 - 100,000; Full time

Job summary

A leading insurance provider located in Toronto is seeking an experienced Underwriter or Senior Underwriter for Cyber. The role involves managing a portfolio of cyber insurance, developing broker relations, and executing underwriting processes. Candidates should have strong analytical skills, communication abilities, and relevant experience in the field. This full-time position offers a chance to be part of a dynamic team that values collaboration and innovation.

Qualifications

• Minimum of 5 years experience in cyber insurance underwriting for Senior Underwriter.
• Minimum of 3 years experience for Underwriter (II).
• Cybersecurity training/designations are an asset.

Responsibilities

• Manage a portfolio of cyber coverage business.
• Develop new and existing broker relationships.
• Perform underwriting process and due diligence.
• Negotiate deal terms and terms of contracts.

Skills

Analytical skills

Communication

Teamwork

Problem-solving

Cyber insurance knowledge

Education

Bachelor’s Degree

Job description

Overview

Description of Everest and role contextual information is provided below in structured sections.

About Everest

Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world.

Role

Everest Insurance Company of Canada is seeking a highly motivated individual to join our Company in the position of Underwriter or Senior Underwriter, Cyber. As a key member of the Cyber team, reporting to the Head of Cyber, you will be accountable for all facets of renewal and new business production for Everest’s growing insurance group.

Responsibilities

• Growing and managing a portfolio of profitable business focused on providing cyber coverage (including technology E&O and miscellaneous professional liability)
• Developing and cultivating new and existing broker and customer relationships nationally.
• Working with brokers and clients to create customized insurance solutions.
• Perform all aspects of the underwriting process and due diligence including review and analysis of underwriting documents, third party vendor reports, current trends and individual risk factors.
• Negotiate deal terms and contract language.
• Source new business opportunities through a strong broker and client network.
• Collaborating with other related financial lines segments along with regional colleagues and internal / external business associates.
• Provide exceptional broker and customer service pursuant to industry leading guidelines.
• Strong adherence to internal and external compliance as well as file documentation.
• Collaborate with underwriting, claims, operations, marketing, and home office to achieve collective team goals.

Qualifications, Education & Experience

• Bachelor’s Degree is preferred, or a College Diploma with applicable work experience.
• Minimum of 5-years of experience for Senior Underwriter in cyber insurance underwriting, broking, or related experiences including consulting.
• Minimum of 3-years for Underwriter (II) in cyber insurance underwriting, broking, or related experiences including consulting.
• Cybersecurity training and / or designations considered an asset.

Knowledge, Skills & Competencies

• Exceptional oral and written communication with the ability to concisely provide executive summaries to senior management.
• Strong problem-solving analytical skills, with an ability to drive data analytics and make appropriate conclusions on results.
• Team oriented and ability to work effectively with peers.
• Demonstrated bias for action with a high sense of urgency, strong work ethic and drive for results.
• Familiarity with cyber insurance wordings and endorsements and the current state of the cyber insurance market in Canada.
• Comfortable with analyzing cyber risk exposures across multiple sectors and types of companies (Energy, Financial Institutions, Construction, Manufacturing, Technology, Retail, Transportation, Marine, Industrials).
• A strong individual as well as a team player, capable of building effective internal and external relationships through appealing personal skills.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors.

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type: Regular

Time Type: Full time

Primary Location: Toronto - Insurance Canada

Additional Locations: