Negotiable
CLASS UNDERWRITER: CYBER
Make sure to apply quickly in order to maximise your chances of being considered for an interview Read the complete job description below.LOCATION: LONDONThis career opportunity is available at
Santam Syndicate 1918
for an
Class Underwriter: Cyber
who will be based in the UK and have right to work in the UK.WHAT WILL YOU DO?We are seeking an experienced and strategic
Class Underwriter: Cyber
to lead and develop our cyber insurance portfolio within the Lloyd’s Insurance market. The successful candidate will be responsible for the growth, profitability, and technical integrity of the cyber book, working closely with brokers, clients, and internal stakeholders to drive innovation and underwriting excellence.WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLE?Key Responsibilities:Cyber Underwriting Leadership:Own and manage the cyber underwriting portfolio across SME, mid-market, and corporate risks.Underwrite new and renewal business in line with agreed underwriting authority and appetite.Develop and maintain cyber underwriting guidelines, pricing frameworks, and product strategies.Draft and agree the underwriting philosophy for cyber with the CUO/Active Underwriter.Broker and Client Engagement:Build and maintain strong relationships with brokers, clients, reinsurers and distribution partners.Support the placement of complex and bespoke cyber risks, offering market insight and technical guidance.Represent the business at broker meetings, industry events, and cyber-specific forums.Travel where required to attend conferences and client meetings.Product Development and Innovation:Collaborate with product, actuarial, claims and IT teams to evolve cyber insurance offerings.Develop standalone and packaged cyber solutions tailored to customer needs across various sectors.Monitor emerging cyber threats and regulatory changes to ensure product relevance and responsiveness.Portfolio Management and Performance Monitoring:Analyse portfolio performance and underwriting metrics (e.g. loss ratios, rate changes, claims trends).Drive corrective action where required, including pricing adjustments and risk appetite refinement.Contribute to strategic planning, reinsurance discussions, and capital modelling inputs.Governance and Risk Management:Ensure underwriting practices align with internal controls, compliance requirements, and regulatory standards (e.g. FCA, PRA).Support audits, conduct file reviews, and maintain documentation for underwriting decisions.Provide technical mentorship to junior underwriters or cyber underwriting assistants.Work with the CUO/Active Underwriter to decide and discuss the outwards reinsurance programme.QUALIFICATIONS AND EXPERIENCE:Relevant Degree6-10 Years ExperienceProven underwriting experience in Cyber insurance within the UK or international market.Strong knowledge of cyber risk landscape, threat vectors, and evolving exposures (e.g. ransomware, data breaches, BI losses).Ability to interpret complex technical risk information and translate it into underwriting decisions.Commercial awareness with a track record of delivering profitable portfolio growth.Confident communicator with strong broker relationships and market presence.Familiarity with cyber risk scoring tools, pricing models, and incident response frameworks.Professional qualifications such as ACII, or relevant technical certifications (e.g. CISSP) are an advantage.Experience working in a Lloyd’s, MGA cyber underwriting environment.Exposure to multinational cyber programmes or cross-border placements.Understanding of cyber risk management services and vendor ecosystems.Awareness of data privacy regulations (e.g. GDPR, DPA) and their insurance implications.KNOWLEDGE AND SKILLS:Delivering results and meeting customer expectationStrong personal reputation in the Lloyd’s market.Relating and networkingAnalysesApplying expertise and technologyAchieving personal work goals and objectivesAttention to detailPlanning and organising skillsProblem SolvingNegotiatingBusiness Acumen/KnowledgeBusiness AnalysisPERSONAL ATTRIBUTES:Drives resultsDeciding and initiating actionLeading and supervisingCollaboratesClient focusFlexibility and adaptabilityCultivates innovationStrategic decision makingAnalytical thinkingInfluencing/ gaining commitmentBusiness acumenCoaching and developmentWHO WE ARE:Santam syndicate 1918 is a new wholly owned and capitalised entity of Santam Insurance, the largest insurance company in South Africa with a 107-year heritage. 1918 is strategically important in expanding and developing Santam’s international footprint, through access to the London market talent, distribution network and Lloyd’s global insurance and reinsurance licenses.Our syndicate is a London managed and run business, with a strong, experienced leadership team, focused on underwriting discipline, whilst allowing our teams to feel empowered and accountable for their actions. We are building a collaborative team where underwriting, claims, actuarial and other functions work closely, to help achieve superior underwriting resultsAt Santam Group we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with the aim to create an inclusive workforce. ..... full job details .....
Negotiable