Cyber Underwriter

Hiscox; City Of London; On-site; GBP 35,000 - 50,000; Full time

Job summary

A leading cyber insurance firm in London is seeking an underwriter to join its cyber team. The role involves underwriting cyber and technology E&O policies while interacting with key clients and brokers. Ideal candidates are early-career individuals with experience in cyber insurance, excellent communication skills, and a passion for growth. This position offers significant career development opportunities within a fast-paced and dynamic environment.

Benefits

Flexible working options

Employee benefits for mental and physical wellbeing

Qualifications

• Experience in the cyber insurance market.
• Strong negotiation skills and a passion for success.
• Decisive nature with good judgment.

Responsibilities

• Underwrite new and renewal risks within key segments.
• Develop and maintain close relationships with partner brokers.
• Attend and participate in client meetings.

Skills

Communication skills

Negotiation skills

Organisational skills

Analytical skills

Education

Progress in ACII examinations

Relevant experience

Job description

Hiscox London Market is one of the oldest and most successful Lloyd's syndicates. Our leadership and underwriting expertise make us the leading insurer of global risks. We offer a range of products and services, including property, marine, energy, specialty, casualty, and crisis management. We are committed to embracing risk in an evolving world, designing insurance solutions to meet our clients' ever-changing needs. The Hiscox cyber team is made up of four underwriters working hand in hand with a well-integrated support team of pricing actuaries, claims, and wording resources. Hiscox also benefits from central training and expertise at a group level as well as exposure management support.

The Opportunity:

We are looking for an underwriter to join the cyber team, where we write ‘big ticket’ cyber and technology E&O policies, both on a primary and excess basis. Business is generally written on an open market basis, as well as some excess layer facilities. The team is working on growth opportunities, with ambitions to increase the size of the portfolio over the next 5 years, and the successful candidate will be joining a team on the outset of this exciting journey.

The ideal candidate is at the beginning of their career, looking for their first or second underwriting role, and has experience in the cyber insurance market as a broker, underwriter or assistant underwriter. This role provides an excellent career and knowledge development opportunity. You will be part of a leading team with a broad appetite, ambitions for growth and embracing innovative opportunities. You will be exposed to a wide variety of US, UK and international risks that make it into the London market, both on an insurance and reinsurance basis. You will work with and learn from a team of experienced underwriters in a fast-paced environment, interacting with some of the most innovative large global companies.

Key Responsibilities:

• Underwrite new and renewal risks within our key segments and according to the set underwriting appetite. You will start from underwriting simpler risks and long-standing renewals, and over time progress to underwriting all segments and risks with all levels of complexities
• Attend and participate in client meetings
• Develop and maintain close relationships with partner brokers and clients
• Execute on underwriting and sales initiatives to grow the portfolio
• Position yourself and Hiscox as a go-to market for cyber insurance in Lloyd’s

What We’re Looking For:

• Experience in the cyber insurance market
• Excellent communication skills, comfortable working with clients, industry leaders, and team members
• Strong negotiation skills and a passion for creating new and better ways for Hiscox to succeed
• Self-starter with a high level of achievement
• Decisive nature with good judgment and accountability
• Great organisational skills, with the ability to prioritise and work in a fast-paced environment
• Good mathematical and analytical skills
• Progress in ACII examinations or a commitment to complete them

Nice to have:

• Prior experience of underwriting cyber insurance
• Educated to degree level or non-graduates with demonstrable relevant experience and excellent A’ levels
• Office-based for at least 3 days a week
• Potential requirement for occasional overseas business travel

Diversity and flexible working at Hiscox:

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.

Work with amazing people and be part of a unique culture

If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.

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About us

We’re a global, specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. With 3,000 employees and 32 offices in 12 countries we’re a business with lots of opportunity for people with talent, spark and lots of ambition. If you want to build a great career with a company that prioritises strong values – such as integrity and courage – where our people always pull together to do the right thing for each other and our customers, then we’d love to hear from you.