HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering and technology services that set the standard for excellence in the market. Our constantly evolving offerings lead the market in cyber, equipment breakdown, renewable energy, technology services, engineering-based risk management and inspection services. We bring technical expertise to help our clients stay ahead of complex, emerging and technology-based risks.
We dare to think big, and we are continuously innovating on behalf of our clients. We recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions.
HSB is much more! It’s insurance. Engineering. Technology. To learn more about us, please visit:
Location:Toronto, ON (Hybrid: 3 days in-office)
Primary Objectives:Lead Cyber Treaty Underwriter will be responsible for driving growth and expanding HSB Canada’s Cyber treaty reinsurance business. This role will focus on identifying new market opportunities, developing and maintaining strong relationships with key reinsurance partners, and structuring innovative Cyber reinsurance solutions. With underwriting and portfolio management expertise supported by the AVP of Cyber Practice the Lead Cyber Treaty Underwriter will help lead business development efforts to expand HSB’s Cyber treaty presence in Canada
Key Responsibilities:Business Development & Market Expansion:
- Identify and pursue new Cyber treaty opportunities with insurers, MGAs, and brokers.
- Develop and execute strategies to grow HSB’s Cyber treaty portfolio in Canada.
- Build and maintain strong relationships with cedants, brokers, and industry stakeholders.
- Represent HSB at industry conferences and client meetings, strengthening our brand and market influence.
- Negotiate and structure treaty agreements to drive profitable growth while managing risk exposure.
- Underwrite and manage a profitable book of Cyber treaty and group business.
- Monitor portfolio performance, loss trends, and ensure compliance with underwriting guidelines.
- Collaborate with actuarial, claims, and risk management teams to optimize treaty terms and balance risk/reward.
- Provide input into portfolio-level decisions to ensure sustainable profitability and growth.
- Work with internal teams to develop innovative Cyber treaty products and solutions.
- Align treaty strategy with HSB’s broader Cyber portfolio objectives.
- Stay ahead of emerging Cyber risks, regulatory changes, and market trends.
- Mentor and coach junior underwriters, fostering a culture of learning and development.
- Bachelor’s degree in Insurance, Business, Economics, or related field; advanced designations (CIP, FCIP, CRM) preferred.
- 7–10+ years of experience in reinsurance, cyber underwriting, or treaty business development.
- Proven track record in building and growing reinsurance treaty partnerships and portfolios.
- Strong relationship management, negotiation, and communication skills.
- Deep understanding of reinsurance structures, cyber risk trends, and market dynamics.
- Analytical, entrepreneurial, and proactive approach to business development.
- Experience mentoring or leading teams.
- Ability to work independently and collaboratively in a fast-paced environment.
- Willingness to travel as needed for client/broker meetings and industry events.
Together, we engage with everything we have and are, to help humankind act braver and better. Go further with HSB.
We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:
- An engaging and collaborative…
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