Cyber Underwriter

hiscox; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

Hiscox London Market is seeking an experienced cyber underwriter to join our team, focusing on big-ticket cyber and technology E&O policies for primary and excess layers, with growth ambitions across markets. You will engage with brokers and clients across the US, UK and international risks, combining underwriting judgment with market insight in a London setting.

In this fast-paced role you’ll underwrite diverse risks, attend client meetings, collaborate with pricing actuaries and the wider

Qualifications

• Good cyber underwriting experience or strong cyber broking background.
• Excellent communication and negotiation skills.
• Experience handling large corporate cyber accounts.
• Degree level education preferred.

Responsibilities

• Underwrite new and renewal risks within key segments, starting with simpler risks and renewals, then progressing to all segments and complexities.
• Attend and participate in client meetings.
• Develop and maintain close relationships with partner brokers and clients.
• Execute underwriting and sales initiatives to grow the portfolio.
• Position Hiscox as a go-to market for cyber insurance in Lloyd’s.

Skills

Cyber underwriting

Communication skills

Negotiation skills

Relationship-building

Organisational skills

Analytical skills

Self-motivation

Education

Degree level education

Job description

Job Type:

Permanent

Build a brilliant future with Hiscox

About Us:

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 way to making this growth ambition a reality.

The ideal candidate has experience in the cyber insurance market as a broker or 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:

• Good Cyber underwriting experience, or a strong Cyber broking background, within the London Market.
• Experience underwriting or broking large corporate / "big-ticket" cyber accounts (typically £250m+ revenue organisations)
• Excellent communication skills, with the confidence to engage effectively with brokers, clients, and colleagues
• 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
• Strong relationship-building skills and the ability to thrive in a highly collaborative, close-knit team environment
• Experience handling complex commercial risks and contributing to both renewal and new business activity
• A proactive and commercially-minded approach.

Nice to have:

• Educated to degree level or non-graduates with demonstrable relevant experience and excellent A’ levels
• Progress in ACII examinations or a commitment to complete the

Work Environment:

• Office-based for at least 3 days a week
• 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