Cyber Underwriter

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.