Specialty Underwriter, Cyber and E&O

Westfield Insurance · Chicago

Underwriters are responsible for underwriting a complex book of business, employing the methods necessary to meet projected profitability, gross written premium, and expense goals, management and growth of the overall portfolio of business, implementing proper underwriting discipline/guidelines, marketing and servicing of existing and potential clients. This position is located in Chicago, IL and will report directly into VP, Cyber Liability Midwest Regional Leader.

RESPONSIBILITIES

Develop, grow, and manage a profitable portfolio of Cyber Liability, Technology Errors & Omissions, and Miscellaneous Professional Liability business, with a strong focus on new business production and retention of key accounts.
Drive underwriting profitability through disciplined risk selection, pricing, coverage analysis, and portfolio management strategies.
Cultivate and maintain strong relationships with retail brokers to generate new business opportunities and increase market presence within the assigned territory.
Actively market products through broker meetings, industry events, presentations, conferences, lunches, dinners, and other networking activities to expand distribution channels and strengthen strategic partnerships.
Independently evaluate and underwrite complex risks by reviewing submissions, analyzing exposures, assessing financial and operational information, and determining appropriate pricing, terms, conditions, and coverage structures.
Ensure compliance with underwriting guidelines, authority levels, systems, and operational procedures.
Collaborate with Actuarial, Claims, Legal, and Product Development teams to support pricing strategies, address emerging cyber trends, and maintain portfolio profitability.
Monitor industry developments, cyber threat trends, claims activity, and marketplace changes to identify opportunities and enhance underwriting strategies.
Provide underwriting analysis, production updates, pipeline reporting, and portfolio performance metrics to senior management.

CANDIDATE SKILLS, EXPERIENCE

Bachelor's degree required.
Minimum 3+ years of Cyber Liability and/or Technology E&O underwriting experience, with demonstrated production and broker-facing responsibilities strongly preferred.
Proven ability to build and maintain broker relationships and successfully generate new business opportunities.
Solid Writing and Communication Skills
Excellent organizational skills, and ability to multi-task
Ability to work independently in a fast-paced environment
Willingness to travel
Must be able to think originally, be willing to challenge ideas and be receptive to constructive feedback
Ability to be onsite in office 4 days week, where applicable

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

Westfield Specialty is proud to be an Equal Employment Opportunity employer. We celebrate diversity and do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law.

#wsp

Westfield Specialty is a prominent specialty insurance carrier, leveraging the financial strength of Westfield, a leading U.S.-based property and casualty insurance company and the well-established Lloyd’s of London Syndicate 1200. Westfield Specialty launched in 2021 and currently underwrites in the U.S., U.K., and Dubai, and has 400 employees globally. Our experienced team brings deep expertise to the specialty market and offers unique insurance solutions for specialized risks that helps protect businesses, recover losses, and assist in driving growth for clients.

More jobs at Westfield Insurance · Finance & Accounting jobs in Chicago