MRSGM NA Underwriter, Cyber

Overview

Munich Re Specialty - Global Markets (MRSGM N.A.) is looking for enthusiastic individuals to join us as we grow. As part of Munich Re Group, we provide 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 Underwriter, Cyber & Tech to join the Munich Re Specialty Group Insurance Services division as a hybrid employee in our Schaumburg, IL office 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
• 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
• In conjunction with Munich Re syndicate and actuarial resources, support current and future development of rating platforms
• Interacting closely with 3rd party providers for the service delivery and security monitoring and / or tools to ensure assets are being protected for our customers
• 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

Job Requirements

Compensation and Benefits

MRSGM N.A. is open to considering candidates in numerous locations, including Schaumburg, IL. The salary range posted below applies to the Company's Schaumburg, IL location. The base salary range anticipated for this position is $75,000 to $110,000. In addition, the Company makes available a variety of benefits to employees, including health insurance coverage, life and disability insurance, 401k match, paid holidays, sick time, and paid vacation. The salary estimate displayed represents the typical salary range for candidates hired in this position in Schaumburg, IL. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to other employees already in this role. Most candidates will start in the bottom half of the range.

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

Equal Opportunity and Privacy

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.

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 /

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