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CFC

Cyber risk underwriting through MGA platform

Senior Underwriter - Financial Lines

UnderwritingUpdated on Nov 13
Full-timeBrussels, BelgiumNo salary listedHybrid

About the Job

Requirements

  • Extensive experience in Financial Lines underwriting or underwriting management, preferably with an insurance carrier or wholesale broker.
  • Strong background and expertise in Financial Institutions, Management Liability, or FinTech business.
  • A proven track record of delivering profitable results over multiple years across the region.
  • A good understanding of the regulatory obligations for underwriting and distribution of insurance products.
  • Experience working cross-functionally to bring new propositions to market, alongside strong sales and broker relationship management capability.
  • An experienced professional whose expertise is recognised externally and who has a strong working knowledge of the insurance market and competitors.
  • Solid experience dealing with brokers and clients and maintaining existing relationships.
  • The ability to make decisions and work on one's own initiative.
  • The ability to execute and influence at all levels, internally and externally.
  • Fluent English, including verbal and written communication skills.

Responsibilities

  • Oversee the development of the CFC Management Liability, FinTech, and Financial Institutions product suites in Belgium and across Europe, underwriting business and growing broker relationships.
  • Work with the International Management Liability Practice Leader and Financial Institutions Practice Leader to contribute to the annual business plan, lead new business initiatives, and implement them successfully.
  • Develop future team members through technical training, coaching, and development, and provide guidance on underwriting practices, policies, and guidelines.
  • Assist with pan-European relationships across Financial Lines.
  • Underwrite new business and renewals to drive business development, support workflow, and handle underwriting referrals from junior underwriters and team members as required.
  • Monitor new business and renewals performance against budget, and take appropriate action on underperformance in consultation with the line manager.
  • Support the Practice Leader in creating the annual team budget and plan, and assist with implementing and executing business development projects and initiatives.
  • Help chair team meetings with a formalised agenda, support the Practice Leader in sharing key business development issues, and bring thought leadership to meetings.
  • Help drive product advancement and territory-based deviations for product and underwriting strategy, as required, to deliver a compelling proposition for brokers and customers.
  • Ensure team business-development ways of working, such as CRM data entry, are consistent and followed by all team members.
  • Develop and maintain knowledge across CFC products to enable cross-selling opportunities for the wider business, and regularly update the renewal spreadsheet while chasing outstanding renewals.
  • Lead team broker liaison and develop strong relationships with new and existing brokers, working with the Practice Leader to build CFC's external brand.
  • Create a territorial distribution plan and work with the Practice Leader to execute it according to the LTP.
  • Design and deliver broker presentations with Marketing and Distribution as required, and maintain a regular calendar of presentations.
  • Coordinate business-development initiatives, activities, and broker meetings with the Distribution team, including geographic meetings and business trips.
  • Attend relevant external industry and market events and seek opportunities to engage with new and existing brokers.
  • Assist the senior Management Liability management team with day-to-day team operations, including team meetings, peer reviews, and maintaining effective policies, practices, and procedures.
  • Help ensure junior and new team members follow underwriting policies, processes, and guidelines to meet compliance, regulatory, and binder requirements.
  • Identify team development needs and provide coaching, buddying, and technical training to junior and new team members.
  • Support reviews of team operations to ensure underwriting best practices, and assist the senior Transaction Liability management team in implementing improvements.
  • Help embed a high-performance culture across the Financial Lines team and champion CFC's core values, culture, and ethos.
  • Contribute to thought leadership, research, and knowledge sharing within the Financial Lines team.
  • Support the creation of the annual team budget and plan as required, and assist with implementing and executing the underwriting strategy.

Desired Qualifications

  • Experience in Financial Lines underwriting or underwriting management with an insurance carrier or wholesale broker is preferred.

About the Company

CFC

Cyber risk underwriting through MGA platform

CFC Underwriting is a specialist insurance provider operating as a managing general agent (MGA) that underwrites on behalf of a panel of carriers, focusing on emerging and specialty risks with a strong emphasis on cyber. It uses a proprietary global insurance platform powered by data science to streamline underwriting across a portfolio of 50+ products, including cyber and professional liability, with an in-house incident response team adding comprehensive cyber risk management. It differentiates itself through its early focus on cyber, large in-house claims and incident response capabilities, and a global broker-driven distribution model. Its goal is to deliver fast, precise underwriting and robust risk management for technology-related and other specialty risks worldwide.

Company size
1,001-5,000
Company stage
Not listed
Total funding
Not listed
Headquarters
London, United Kingdom
Founded
1999

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