MRSGM NA Senior Underwriter, Cyber & Tech

Company



Munich Re Specialty - Global Markets



Location



Charleston
, United States

Munich Re Specialty Global Markets North America (MRSGM N.A.) is looking for enthusiastic individuals to join us as we grow. As part of Munich Re Group, we are a unique organization providing expertise in specialty and marine lines of insurance as well as surety risks and customs bonds with in-house claims solutions.

We are seeking a full time Senior Underwriter, Cyber & Tech to join the Munich Re Specialty Group Insurance Services division either to be a hybrid employee in one of our US office locations or a remote employee reporting to Steve Pacheco, VP, Head of Cyber.

This is an opportunity to join a national Cyber Insurance Underwriting team in the US market - underwriting as a coverholder for Munich Re Lloyd's syndicate - delivering cross industry and sector (SME/Mid Market/Risk Management) Tech E&O and standalone cyber insurance and risk mitigation solutions to clients in North America.

Job Profile

• Underwriting a book of Tech E&O, Cyber and related products in the US that include Technology Errors & Omissions and Stand-alone Cyber
• Responsible for managing an existing renewal book of business and developing new business production and broker relationships
• Maintaining a broad network of brokerage and client relationships
• Determining terms, conditions and complex rating plans
• Support the underwriting team as an internal resource on technical Tech E&O exposures
• Collaborate with team members to discuss a strategy on more complex
  risks
• Participate in industry events and networking opportunities to build relationships and enhance knowledge of the cyber insurance market.
• Documenting underwriting files - servicing accounts throughout the policy cycle
• Interacting closely with 3rd party providers for the service delivery and
  security monitoring and/or tools to ensure assets are being protected for
  our insureds
• Analyze applications for cyber insurance coverage, evaluating the risk exposure of potential clients
• Conduct thorough risk assessments and audits to determine the eligibility and terms of coverage for cyber insurance policies
• Collaborate with brokers and agents to gather necessary information and clarify underwriting requirements
• Stay informed about the latest trends, threats, and regulatory changes in the cybersecurity landscape to make informed underwriting decisions
• Monitor and analyze claims data to identify trends and refine underwriting criteria accordingly
• Deliver thought leadership within the Tech E&O and Cyber Insurance industry by supporting both external press interviews, and creating/delivering marketing collateral

Job Requirements

• Minimum of 5 years of professional lines/specialty insurance/risk management knowledge, ideally with a strong familiarity with Tech E&O, and cyber risks
• Bachelor's degree required. Advanced degree or certifications strongly preferred
• A strong understanding of best practices in Cyber security - including, layered security architecture; internet protocols; firewalls; VPN technologies, anti-virus and spam technologies; risk and vulnerability assessments, compliance
• Experience with threat awareness and detection tools & techniques, and incident response plans
• Knowledge and understanding of relevant legal, regulatory and privacy requirements, such as Personally Identifiable Information (PII) Protection and Payment Card Industry (PCI)/Data Security Standard. Prefer knowledge of privacy regulations and standards such as the CCPA, EU GDPR, GLBA, HIPAA, VPPA
• Proven track record as a technical underwriter or broker
• Demonstrate high level of technical expertise and product specific (Tech E&O) knowledge
• Innovative thinker offering creative product ideas
• Strong interpersonal communication and negotiation skills
• Ability to effectively interact with all levels of internal and external business partners
• Strong track record of working with brokers and clients, fostering strong relationships, and developing new distribution channels
• Entrepreneurial thinking
• Ability to travel

About Us

MRSGM N.A. is the holding company for Roanoke Insurance Group (RIG) and Munich Re Specialty Group Insurance Services (SIS) located throughout 7 locations in the United States and Canada with over 250 employees.

SIS provides insurance to retail and wholesale insurance brokers in North America. Specialty lines include ocean and inland marine, cyber, tech E&O, terrorism, active assailant & political violence.

RIG operates as a specialty insurance broker focused on surety, insurance and related offerings for logistics service providers, customs brokers and companies with supply chains.

Benefits

We offer our employees a diverse work environment which champions professional development, innovation and passion; providing employees with a great benefits package. All of our benefits are effective the first day of employment including:

• Generous healthcare plans
• Voluntary dental & vision plans
• 401(k) plan
• Flexible spending plans
• Health Savings Accounts (HSA)
• Paid time off
• Paid holidays
• Tuition reimbursement
• Short/long term disability
• Paid Parental Leave
• Employee Assistance Program (EAP)
• Employee Wellbeing Program
• Community involvement
• Life insurance

At MRSGM N.A., individuality is a key driver for our success and progress. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge. We know there is always more work to be done, but we're committed to building an inclusive culture where everyone is welcomed and valued for their authentic selves.

We offer equal opportunity employment regardless of age, sex, race, color, creed, national origin, religion, veteran status, sexual orientation, atypical hereditary traits, marital status, disability, gender identity or expression, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Hiring Manager: Steve Pacheco

Recruiter: Megan Harrington

Band/Level: P3+

Applicants requiring employer sponsorship of a visa will not be considered for this position.

California applicants, please review our CA Privacy Statement at: https://www.roanokegroup.com/career-opportunities/