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 recognize Diversity, Inclusion, and Belonging as key priorities and a culture that welcomes different thoughts and opinions. It’s insurance. Toronto, ON (Hybrid: 3 days in-office) 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 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.

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.

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.





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. ~ Solid relationship management, negotiation, and communication skills. ~ Deep understanding of reinsurance structures, cyber risk trends, and market dynamics. ~ Willingness to travel as needed for client/broker meetings and industry events. Together, we engage with everything we have and are, to help humankind act braver and better. 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 Adaptable dollars provided by the company to put towards a Health Spending Account and/or Wellness Spending Account 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 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. 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.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 hr@hsb.

📌 Lead Cyber Treaty Underwriter (Toronto)
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