VP, Cyber Broker
NFP, an Aon company · Chicago, IL · 3 days ago
On-siteEngineeringFull-time
Key Responsibilities
- Prepare and package submissions, including applications, loss runs, ransomware and security supplementals, and narratives that position the risk favorably to underwriters.
- Market new and renewal business to appropriate carriers; track submission status and drive to timely quote delivery.
- Analyze and negotiate quotes on terms, limits, retentions, sublimits, coinsurance, waiting periods, and key coverage triggers.
- Build comparison spreadsheets and proposals that clearly explain coverage differences to producers and clients.
- Bind coverage, issue binders and certificates, review policies for accuracy, and manage endorsements and mid-term changes.
- Advise on core cyber coverage parts: network security and privacy liability, breach response and notification costs, business interruption and contingent BI, cyber extortion and ransomware, digital asset restoration, media liability, and social engineering / funds transfer fraud.
- Identify coverage gaps and differences in form language across carriers; flag restrictive endorsements such as war and infrastructure exclusions, widespread event language, and dependent BI limitations.
- Support technology E&O, MPL, and related professional liability placements as needed within the MCPL practice.
- Afford claims advocacy by coordinating between the client, carrier, and breach response resources.
Client and Producer Support
- Serve as a technical resource to retail producers during prospecting, renewal strategy, and stewardship meetings.
- Participate in client and prospect calls to explain coverage, market conditions, and underwriting expectations.
- Help clients understand carrier security control requirements — MFA, EDR, backups, privileged access management, and patching cadence — and how those controls affect pricing and capacity.
- Maintain accurate records in the agency management system and support renewal timelines, expiration reporting, and pipeline tracking.
Market and Practice Development
- Maintain and grow relationships with cyber underwriters, wholesalers, and MGA partners.
- Stay current on market conditions, emerging threats, regulatory developments, and form changes; contribute to internal training and client-facing thought leadership.
Required Qualifications
- Active Property & Casualty insurance license.
- 3–5 years of commercial insurance brokerage experience, retail or wholesale, including submission preparation, marketing, and placement.
- Demonstrated experience placing cyber liability coverage, including familiarity with standalone cyber forms and carrier appetite.
- Working knowledge of commercial P&C fundamentals: policy structure, limits and retentions, primary versus excess, and the renewal lifecycle.
- Strong written and verbal communication skills, with the ability to explain technical coverage concepts to non-technical audiences.
- Proficiency in Microsoft Excel, Word, Outlook, and PowerPoint; comfort working in an agency management system such as Epic.
- Highly organized, deadline-driven, and able to manage multiple placements simultaneously in a fast-moving market.
- Bachelor’s degree or equivalent professional experience.
Preferred Qualifications
- Exposure to technology E&O, D&O, EPL, or other professional lines within a broader MCPL book.
- Willing to become familiar with cybersecurity fundamentals and common frameworks such as NIST CSF or CIS Controls, or with cyber risk quantification and modeling tools.
- Beginning understanding of privacy and breach notification regulation, including state notification laws, HIPAA, GDPR, and CCPA/CPRA, and industry-specific requirements such as PCI DSS.