Vice President, Cyber Underwriting

WHO WE ARE

Domiciled in Bermuda, with offices in London, Miami, New York and Dubai, Relm Insurance Ltd. (“Relm”) is the first IIGB (Innovative Insurer General Business) insurer regulated by the Bermuda Monetary Authority (“BMA”). Since inception, Relm has remained focused on its Vision of “Making Innovation Resilient” by providing insurance to companies pioneering new technology frontiers in over 35 countries around the world.  Relm’s dynamic global team has executed market-leading insurance solutions for companies operating in web3, AI, financial technology, biotech and other important emerging sectors.

WHAT WE ARE LOOKING FOR

At Relm Insurance Ltd, our Mission is “To contribute to the building of the future by creating solutions for complex risks in innovative markets.”  As we continue leading the way in emerging industries, we’re looking for a Vice President, Cyber to join our team and play a key role in this mission.

At Relm, we believe in fostering a diverse and inclusive culture, where everyone is empowered to bring their unique perspectives and ideas. Our core values of Accountability, Collaboration, Curiosity & Creativity, and Courage & Optimism are central to who we are, and we strive to bring these values to life every day.

We bring these values to life every day — whether by collaborating on innovative solutions, tackling challenges with optimism, or pushing boundaries with creativity and courage.

WHAT YOU WILL DO: 

• Direct the underwriting strategy, process, planning, reporting, forecasting, business development and innovation for the Cyber insurance book of business 
• Underwrite, price, and negotiate risks in a manner that is consistent with Relm’s risk appetite to ensure profitability, retention, and written premium goals are achieved 
• Provide a professional layer of leadership, mentorship, and management to the underwriting team, fostering a high-performance culture and promoting continued growth, training and development of junior underwriting and administrative staff 
• Negotiate, prepare, and draft policy and endorsement wording 
• Create and develop relationships with brokers and policyholders to establish new distribution relationships and sales channels 
• Attend and occasionally present at industry conferences, as needed and as the opportunity presents itself  

• Collaborate with colleagues to achieve company goals and drive cross-sell opportunities 
• Assist with strategic underwriting planning by developing and maintaining suitable management information to effectively evaluate the portfolio  
• Maintain compliance with all internal and external underwriting and regulatory guidelines, standards, and legal requirements 
• Engage in ad-hoc projects and tasks as assigned to contribute to the continuous improvement and growth of Relm 

Requirements

WHAT YOU BRING TO THE TABLE:

• Minimum of 10 years of Cyber insurance underwriting and/or broking experience 
• A bachelor’s degree, or equivalent, in business, cyber security, computer science, insurance, actuarial science, or a related discipline 
• Robust relationships with key US and UK wholesale and retail brokers 
• Perceived as a thought leader within the cyber insurance market  
• Experience with policy and endorsement wording negotiation, preparation, and drafting 
• Exceptional organizational and time management skills 
• Superb leadership qualities with the capability to build comradery in a global team  
• Creative problem-solver with strong critical thinking skills, an ethical approach to getting things done, and an ability to apply different perspectives across the spectrum 
• Ability to work in a fast-paced and dynamic work environment 
• A confident communicator who can clearly and authentically convey a written and verbal message, skillfully persuade, and craft a constructive argument 
• Advanced skills across all Microsoft Office applications (familiarity with Mac OS is a plus) 
• Excellent interpersonal skills and comfort with leading client and broker meetings 
• Exceptional attention to detail and work ethic, setting an example for others 

• Ability to work outside of core hours and travel overseas, as required 

NICE TO HAVE QUALIFICATIONS, SKILLS, AND EXPERIENCE:

• Experience managing and underwriting a predominately primary book of business 
• The ability to perform data analytics within MS Excel or Power BI, including functions such as Tables, Pivot Tables, formulae (VLOOKUP, IF, SUM) etc. 
• Professional designation in insurance underwriting, such as RPLU, CPCU, ACII, AU, or similar  
• Strong interest and conceptual comprehension in Web3., Digital Assets, Blockchain, Cannabis, AI, or Financial Markets will be a differentiator 

Benefits

WHAT WE OFFER  

• Full Payroll Tax & Social Insurance Coverage: The company covers 100% of your payroll tax and social insurance, ensuring your financial security and peace of mind. 

• Comprehensive Insurance Plans: We provide 100% coverage for your health, dental, and life insurance, keeping you and your loved ones well protected. 

• Generous Pension Contributions: The company contributes 5% of your pensionable earnings, helping you plan and secure your financial future. 

• Paid Time Off (PTO): You will accrue 28 days of Paid Time Off (PTO), giving you the flexibility to take vacation, sick leave, or personal time. 

• Professional Development Opportunities: We invest in your career with training, development programs, and mentorship to help you grow and achieve your professional goals. 

• Travel Benefits: Enjoy travel perks such as commuting and parking benefits to make your daily commute easier and more convenient. 

• Wellness Benefits: Stay healthy and active with wellness perks, including gym memberships and access to exercise classes, designed to support your well-being. 

• Your Voice Matters: Work in an environment where your ideas and opinions are not just heard but valued and crucial to our team’s success. 

• Endless Growth Opportunities: Benefit from a multitude of career growth opportunities, ensuring you have the resources and support to advance within the company. 

• Flexible & Family-Friendly Work Environment: Embrace a hybrid approach to work that provides flexibility and supports a balanced, family-friendly lifestyle. 

At Relm, you won’t just join a company - you’ll be part of a team that’s shaping the future. If you’re ready to make an impact, we’d love to hear from you.