Job Description
As part of a well established and sizeable London Market Cyber & Technology E&O underwriting team, the role will sit alongside experienced underwriters within the team. Strong broker relationships will be critical to ensuring that new business production of open market opportunity will be delivered in this role, and a contemporary knowledge of and perspective on security controls will ensure that the underwriter will be able to play their part in maintaining the healthy and rigorous challenge that is actively encouraged on this topic at Canopius.
Underwriters work closely with our proactive client services, claims and cyber incident management teams to offer our clients a full value cyber proposition.
The successful candidate will underwrite and develop Cyber and Technology E&O risks for syndicate 4444, as directed by the Head of Technology & Cyber, London Market, in order to meet the requirements of the business plans and the strategic targets for premium income, profitability and return on capital as set out by the Board. This is a global book of business which includes US, EMEA, Asia Pac and ROW, made up of SME delegation and large accounts transacted in the open market.
Key Responsibilities
- New business production and development of key broker relationships.
- Manage renewal portfolio to ensure timely quotations, meeting reasonable broker deadlines.
- Manage and develop flow of new business enquiries and broker understanding of Canopius risk appetite.
- Attending client presentations and representing the Canopius offering.
- Assist with assessment of new and existing cover holder/binding authority opportunities with specific reference to pricing and data capture. Ability to work with pricing, data and exposure management teams to ensure accurate pricing and RDS modelling.
- Assist with daily referrals from cover holder/binding authority relationships.
- Review incoming bordereaux and track premium income and profitability against SBF.
- Demonstrate appropriate, consistent and complete consideration of our customers and potential customers’ interests, throughout our business, on a continuous basis.
Skills And Experience
- Working knowledge of cyber security, candidate should be able to identify and categorise risks against cyber control requirements and provide feedback on areas for improvement.
- Working knowledge of global privacy regulations.
- Ability to make sound decisions based on data and risk assessment and ability to make a positive impact on the long-term success of the overall business in planning, organisation and development.
- Good communicator, both verbally and written.
- Good computer skills including MS office.
- Working knowledge of developments within Privacy and Network Security Liability
- Ability to build relationships and develop own portfolio of Cyber & Technology business.
- Cyber coverage analysis skills – able to craft and develop wordings/endorsements.
- Relevant previous work experience
- Sound knowledge of Cyber & Technology Underwriting as an Underwriter, or in a Broking role with technical ability to make transition into Underwriting.
- Working knowledge of the Lloyd’s market.
Canopius Competencies
- Stakeholder engagement: Cultivates and maintains positive relationships with relevant internal or external stakeholders; effectively involves and communicates with them to drive collaboration, support, and alignment towards shared goals.
- Collaboration and teamwork: Works effectively with team, project or other work groups or those outside formal line of authority to accomplish goals. Actively participates as a member of a team; develops and builds cohesive team relations to produce required outputs; develops knowledge and understanding of colleagues required.
- Adapting to change: Adjusts thoughts, feelings, and behaviours to handle new, challenging, or complex situations; embracing change as a growth opportunity when working with new work structures, processes, regulations, or requirements.
- Continuous improvement: Analyses current and future state business requirements and identify strategies to continuously improve productivity, services or processes. Guide and inspire others to achieve results to enhance efficiency, quality, and effectiveness.
- Innovation: Creates, develops and implements new ideas to enhance new or improved processes, systems, solutions, products or services; test new ideas and deal with problems and opportunities.
- Resilience: The ability to cope with and recover from setbacks, challenges or difficulty. Persevering even under pressure or crisis situations and uses ways that foster strength and growth, even emerging stronger than before.
- Future focused: Anticipates changes in business, industry and client needs, proactively responding to key trends and changes in the industry. Thinks about the future through identifying opportunities and obstacles whilst planning effectively.
Our Benefits
ABOUT US
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.
