Senior Underwriter: Cyber
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Role Title: Senior Underwriter
Department: FINPRO
Team: Cyber
Location: London
Type: Permanent
About the Role:
We are seeking an experienced Senior Underwriter who is passionate about Cyber risk and who loves keeping on top of the changes and development in the information security space.
The role will be responsible for leading initiatives and seeking out new opportunities for growth, so this individual will need to thrive on being in the market and writing new business.
If you are motivated by underwriting complex cyber risks and contributing to a specialist, globally focused team, we would like to hear from you.
You will be underwriting Cyber risks on both primary and excess basis for a wide range of industries for mid-to-large companies globally aligned with the company's appetite.
About the Department & Team:
Liberty's Cyber team in London was established in fifteen years ago and sits within the FINPRO division, underwriting primary and excess cyber cover for global clients. We have a flexible platform approach using both Company and Syndicate platforms, we focus on writing mid to large size businesses.
Cyber is a Global Product Line in Liberty, headed by the Global Head of Cyber, and with an international team of experts focussing on product, claims, exposure management, risk engineering and events to help us achieve our business objectives.
Key Responsibilities:
• Underwrite large and complex cyber insurance risks in accordance with the business plan and personal authority to meet business objectives, including: negotiating rates, terms and conditions for existing and new business
• Adhere to underwriting standards, instructions and best practice methodology to minimise risk
• Contribute new ideas and concepts to support the development and delivery of the business plan
• Help with development of junior underwriters and support team members to achieve our goals, as well as delegation duties for underwriting manager
• Assist with portfolio review of the book and assist the business planning cycle
• Commitment to ongoing technical learning and development
• Contribute and influence in the review and analysis of the portfolio, to identify new business development opportunities
• Delegation opportunities to assist Underwriting Manager with projects and tasks
• Strengthen relationships with brokers, industry bodies, business partners, reinsurers and colleagues, to maximise influence and achieve business objectives
• Demonstrate understanding and awareness of market dynamics and market cycles to drive and enhance business performance
• Continually develop expertise and technical knowledge through appropriate development initiatives
• Represent Liberty's interests with internal and external groups, and through participation in industry forums and corporate activity to safeguard or enhance Liberty's market position
• Compliance with all applicable internal and external laws, regulations, policies, procedures and guidance
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing
Skills and Experience:
• Extensive knowledge of cyber underwriting and reinsurance
• Confident and proactive self-starter with strong negotiation skills
• Strong broker and client relationships
• Ability to analyse and use data for decision-making
• Strong negotiation and communication skills
• Team player personality
• Experience with risk profiling and pricing tools
• Knowledge of relevant legal and regulatory requirements
• Established customer/broker relationships
• Experience of mentoring, or training and supporting less experienced team members
About Liberty Specialty Markets (LSM)
Liberty Specialty Markets is part Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.
Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:
• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
• A supportive culture, which includes promoting a healthy work-life balance and working flexibly.
For more information, please follow the links below:
https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us
https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-inclusio...