Cyber Underwriter

About Hiscox

Hiscox London Market stands as one of the oldest and most esteemed Lloyd's syndicates, renowned for its leadership and underwriting expertise across global risks. Their portfolio spans property, marine, energy, specialty, casualty, and crisis management insurance. The firm is dedicated to addressing emerging risks by tailoring insurance solutions to the evolving needs of clients. Within Hiscox, the cyber team is composed of four underwriters collaborating closely with pricing actuaries, claims, and wording professionals. Additional centralized training and support are available at the group level, alongside exposure management assistance.

Opportunity Overview

Hiscox is expanding its cyber team by hiring an underwriter focused on cyber and technology Errors & Omissions (E&O) policies, including both primary and excess coverage. The business operates mainly on an open market basis with some excess layer arrangements. There are ambitious growth plans to significantly increase the portfolio size in the upcoming five years. The successful candidate will contribute to and grow with this developing team.

Key Responsibilities

• Assess and underwrite new and renewal cyber insurance risks aligned with underwriting guidelines, initially managing straightforward risks and established renewals, then gradually advancing to more complex cases.
• Participate actively in meetings with clients to understand requirements and present solutions.
• Build and sustain strong relationships with broker partners and clients.
• Support underwriting and sales strategies aimed at portfolio growth.
• Establish yourself and Hiscox as a leading provider of cyber insurance within Lloyd’s market.

Candidate Profile

• Substantial experience in cyber underwriting or significant background in cyber broking within the London Market.
• Proven track record managing large corporate or "big-ticket" cyber accounts, typically involving organizations with revenues exceeding £250 million.
• Exceptional communication skills to engage confidently with brokers, clients, and colleagues.
• Strong negotiation capabilities and enthusiasm for innovation to advance Hiscox’s success.
• Self-motivated with a strong drive for achievement.
• Decisive with sound judgment and accountability.
• Excellent organizational skills with the ability to prioritize and work effectively in a dynamic environment.
• Competent mathematical and analytical aptitude.
• Ability to develop relationships in a collaborative team setting.
• Experience managing complex commercial risks contributing to renewals and new business.
• A proactive and commercially oriented mindset.

Preferred Qualifications

• Degree qualification preferred, although non-graduates with pertinent experience and strong A-levels considered.
• Progress towards ACII (Associate of the Chartered Insurance Institute) exams or commitment to complete them is advantageous.

Working Conditions

• Office attendance required for at least three days per week.
• Occasional international business travel may be necessary.

Diversity and Flexibility

Hiscox places high value on diversity and inclusion, believing it enhances overall success. The company seeks to hire the best talent for each role and supports flexible working arrangements wherever feasible. Prospective candidates are encouraged to discuss flexibility options with the recruitment team.