MRSGM NA Underwriter, Cyber

MRSGM NA Underwriter, Cyber

Munich Re Specialty Global Markets North America (MRSGM N.A.) invites applications for a full‑time Underwriter, Cyber & Tech. This hybrid role is based in Schaumburg, IL and reports to Steve Pacheco, VP, Head of Cyber. The position serves a national Cyber Insurance Underwriting team in the U.S. market, underwriting as a cover holder for Munich Re Lloyd’s syndicate. It delivers cross‑industry and sector solutions in Technology E&O, stand‑alone Cyber insurance, and risk mitigation to clients across North America.

• Underwrite a book of Tech E&O, Cyber, and related products in the U.S., including Technology Errors & Omissions and stand‑alone Cyber.
• Manage an existing renewal book and develop new business production and broker relationships.
• Maintain a broad network of brokerage and client relationships.
• Determine terms, conditions, and complex rating plans.
• Collaborate with team members on strategy for complex risks.
• Participate in industry events and networking opportunities to build relationships and enhance knowledge of the cyber insurance market.
• Service accounts throughout the policy cycle.
• Support current and future rating platform development with syndicate and actuarial resources.
• Interact closely with third‑party providers for service delivery, security monitoring, and tools.
• Analyze applications for cyber insurance coverage and evaluate risk exposure of potential clients.
• Conduct thorough risk assessments and audits to determine eligibility and terms.
• Collaborate with brokers and agents to gather information and clarify requirements.
• Stay informed about trends, threats, and regulatory changes in cybersecurity to make informed underwriting decisions.
• Monitor and analyze claims data to identify trends and refine underwriting criteria.

• Minimum 3 years of professional lines/specialty insurance or risk‑management experience, ideally with Tech E&O and cyber risks.
• Bachelor’s degree required; advanced degree or certifications strongly preferred.
• 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, and compliance.
• Experience with threat‑awareness and detection tools, techniques, and incident response plans.
• Knowledge of relevant legal, regulatory, and privacy requirements such as PII protection, PCI DSS, CCPA, EU GDPR, GLBA, HIPAA, VPPA.
• Proven track record as a technical underwriter or broker.
• Demonstrated high level of technical expertise and product knowledge in Tech E&O.
• Innovative thinker offering creative product ideas.
• Strong interpersonal communication and negotiation skills.
• Ability to interact effectively with all levels of internal and external partners.
• Proven ability to develop and maintain strong broker and client relationships and distribution channels.
• Entrepreneurial mindset.
• Willingness to travel.

Salary: $75,000 to $110,000 per year (Schaumburg, IL). Most candidates will start in the bottom half of the range.

Benefits: Health insurance coverage, life and disability insurance, 401(k) match, paid holidays, sick time, paid vacation, voluntary dental & vision plans, flexible spending plans, Health Savings Accounts, short/long‑term disability, Employee Assistance Program, community involvement, life insurance.

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.