Lead Cyber Treaty Underwriter

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: https://www.hsb.ca

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.

Portfolio Management & Oversight:

• 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.

Strategic Growth & Partnerships:

• 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.

Mentorship & Leadership:

• Mentor and coach junior underwriters, fostering a culture of learning and development.

Qualifications:

• 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.

Company Benefits:

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 environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days. Fully remote options are offered in some locations across Canada.
• A great compensation package including an annual company bonus
• Competitive company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account
• Wellness program with tools and resources supporting your mental, physical, and financial wellbeing – on and off the job
• Participation in the DC Pension Plan with a progressive employer contribution scale based on tenure starting at 4%, plus optional company match in the RRSP plan
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees
• Employee Referral Program and Recognition Program

Our base salary range for this role is between $140580 and $164010 per year , plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model.This job posting is for an exisiting vacancy.

We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

HSB Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodation will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please consult with Human Resources or contact [email protected] as soon as practical so that suitable accommodations can be arranged.

We thank all candidates for their interest; however, only those selected for an interview will be contacted.