Cyber Underwriter

Avencia Consulting Services; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading Specialty Reinsurer in London is seeking a Cyber Underwriter to support their expanding cyber portfolio. The role involves underwriting, analyzing risks, and maintaining relationships with brokers and clients. Ideal candidates will have a relevant degree, experience in the London market, and strong analytical and communication skills.

Qualifications

• 5 years' experience in (re)insurance broking or underwriting.
• Experience in the London Insurance Market is highly desirable.
• Strong established insurance networks with excellent negotiation skills.

Responsibilities

• Participate in the underwriting process, analyzing exposures and coverage.
• Build and maintain broker and client relationships.
• Ensure compliance with underwriting regulations and assist with strategic initiatives.

Skills

Analytical skills

Negotiation

Communication

Interpersonal skills

Education

Bachelor's Degree

ACII or insurance designations

Tools

MS Office (Word, Excel, Outlook, PowerPoint)

Job description

About us

Avencia Consulting are recruiting on behalf of a leading Specialty Reinsurer based in the City, who are looking to hire a Cyber Underwriter in their London team.

The role

Reporting to the Head of Asset Backed Finance & Portfolio Credit Underwriting, the primary purpose of the role is to assist in underwriting our growing cyber portfolio of business. Additionally, you will support on multiple lines of Bespoke & Specialty business. This could be treaties, fac or binder or lineslip opportunities. Insurance, reinsurance or retro.

Key accountabilities

• Participate in the underwriting process, triage, evaluation, and presentation of opportunities, analyzing and interpreting exposures, determining coverage and appropriate contract language with our Wordings team.
• Assist and work with Actuarial team with their risk modeling and pricing the deals.
• Originate, leverage, build and maintain broker and client relationships.
• Monitor market developments and remain current regarding knowledge of relevant classes of business and associated legislation and regulatory changes / requirements.
• Ensure accuracy and integrity of underwriting data in underwriting systems.
• Assist with the preparation and issue of NBIs, line-slips, binders and treaties on an accurate and timely basis.
• Expand our existing portfolio of business by developing existing relationships and new prospective clients through visits, entertainment and conferences as appropriate.
• Share with the supervising and/or mentoring of junior members of the team.
• Ensure compliance with internal and external underwriting regulations, liaising as appropriate with external bodies such as brokers, clients, auditors, and regulators as required.
• Assist with strategic initiatives as needed to promote business growth.

Skills & experience

• Bachelor's Degree or equivalent and progress towards ACII or other relevant commercial insurance industry designations.
• Minimum of 5 years' in a (re)insurance broking or underwriting capacity
• Previous London Insurance Market experience highly desirable.
• Team player with the ability to work flexibly to meet business needs as required.
• Good knowledge of commercial insurance, reinsurance and regulatory requirements.
• Established (re)insurance networks and strong existing relationships with brokers and clients, and ability to independently manage meetings.
• Proficient understanding of the international underwriting marketplace.
• Excellent analytical skills, with a working knowledge of and ability to interpret the outputs of pricing models, and the statistical skills necessary to perform analyses on first principles.
• Proven negotiator, with demonstrated ability to attract new business and retain clients.
• Basic competency in MS Office applications: Word, Outlook, Excel and PowerPoint required.
• Excellent written and oral communication skills when dealing with key stake holders internally and externally.
• Strong interpersonal skills in order to work effectively and professionally with diverse groups.