Underwriting Specialist, Cyber & Professional Liability

About the role

Ascot’s Cyber and Professional Liability unit is seeking a motivated Underwriting Specialist to assist in growing a diverse suite of cyber-driven products. The Underwriting Specialist will be responsible for the profitability, growth, and retention of an assigned book of business within an assigned territory. You will work in a team environment, demonstrate a strong customer focus, and expand Ascot’s brand and specifically the AscotPro Cyber and Professional Liability appetite and strategy.

Ascot Group is a modern-era specialty risk underwriting organization operating through an ecosystem of interconnected global platforms, united by a common mission and purpose: One Ascot. Our culture is collaborative, inclusive, and entrepreneurial, steeped in underwriting excellence, integrity, and a passion for innovation—The Ascot Way. We deploy capital creatively through our unique Fusion Model: Client Centric, Risk Centric, and Technology Centric, delivering bespoke products and world-class service pre- and post-claims.

Responsibilities

• Manage the profitability, growth, and retention of an assigned Cyber and E&O book of business through execution of individual risk underwriting and adherence to the unit’s strategic plan.
• Underwrite and negotiate complex customer accounts to minimize risk and maximize profitability.
• Monitor premiums, costs, and claims ratios per contract; take corrective measures to ensure long-term profitability at the account level.
• Work independently within delegated underwriting authority and make referrals as required.
• Cultivate and maintain relationships with financial lines peers, leaders, and internal partners to identify cross-selling opportunities, assist in product development, and drive operational excellence.
• Foster and maintain external relationships with brokers to market and sell Ascot’s products.
• Perform other duties as assigned.

Requirements

• Bachelor’s degree or equivalent experience.
• A minimum of 7 years of underwriting experience in the financial lines insurance industry, with experience in Cyber and Professional Liability strongly preferred.
• Deep knowledge of insurance, applicable regulations, and the insurance industry.
• Strong collaborative skills and ability to thrive in a fast-paced, entrepreneurial environment.
• Excellent organizational, desk management, and prioritization skills with the ability to work independently and as part of a team.
• Strong interpersonal, communication, and presentation skills; ability to successfully negotiate in difficult situations with agents and brokers.
• Strong technical, analytical, and quantitative skills.
• Solution-oriented team player with a strong relationship management skill set for both internal and external stakeholders.
• Proficient in Microsoft Office.
• RPLU, CPCU, or other relevant professional designation preferred but not required.
• Ability to travel 10-15%.

Pay

The annualized base pay range for this role is $160,000 – $175,000. Actual base pay may vary based on factors including experience, subject-matter expertise, and skills. The base pay is one component of Ascot’s total compensation package, which may also include annual cash bonuses and other discretionary awards.

Benefits

The Company provides a competitive benefits package (eligibility requirements apply), including:

• Medical (including prescription coverage), dental, and vision insurance.
• Health Savings Account and Flexible Spending Accounts (health care and dependent care).
• Life insurance and AD&D.
• Work/Life Resources, including an Employee Assistance Program.
• Commuter Account and additional benefits.