Senior Underwriter - Facultative Cyber Reinsurance

A leading global reinsurer is building out its facultative cyber capability and wants an experienced senior underwriter to help drive it. You’ll own complex fac cyber placements from submission to bind, develop the broker and cedent relationships that bring in business, and play a central part in growing a profitable cyber book.

Responsibilities

• Leading on facultative cyber submissions, from straightforward domestic risks to large, complex multinational programs.
• Assessing each opportunity in depth: the cedent’s underlying program, the insured’s security posture and controls, claims history, and aggregation and accumulation exposure.
• Setting terms, pricing, structure and line size, and negotiating them within underwriting guidelines and profitability targets.
• Building lasting relationships with brokers, cedents and strategic partners to win business and raise the team’s profile in the market.
• Working with actuarial, claims, risk engineering and accumulation colleagues around the world on the hardest exposures.
• Tracking the threat landscape, legal and regulatory changes, and market cycles, and using what you learn to shape underwriting and portfolio strategy.
• Hitting production, retention and profit targets without giving up underwriting discipline.
• Representing the business at broker and client meetings, industry events and market presentations.

Qualifications

• At least four years in commercial, specialty or reinsurance underwriting, with a substantial focus on cyber.
• A track record of underwriting facultative reinsurance, including pricing, coverage analysis and contract negotiation.
• Detailed knowledge of cyber exposures such as ransomware, network security, privacy liability, business interruption, tech E&O and emerging threats.
• An understanding of global cyber insurance and reinsurance programs, multinational structures and fac market practice.
• Sharp analytical judgment and the confidence to make sound calls on complex risks.
• Strong communication, presentation and negotiation skills, and a client-first mindset.
• The ability to manage competing priorities in a collaborative, international team.
• A bachelor’s degree. Designations such as CPCU, ARe, CISSP or CISM are an advantage.
• US work eligibility.

Package

The base salary is $150,000–$175,000 plus a performance-related annual bonus, with the final figure depending on experience.