Senior Underwriter - US or Bermuda

As a Senior Underwriter at SOTER, you own the US book across all six insurance lines for the digital asset ecosystem: D&O, PI/E&O, Crime, Specie/Custody, Slashing/Staking and Cyber. You lead complex risks with your own authority, develop broker relationships across the US market, and shape how SOTER distributes and prices institutional-grade coverage for custodians, exchanges, trading firms, staking providers, asset managers and traditional financial institutions entering digital assets. This is a lead underwriting seat where you make and defend decisions on risks with no historical loss data and no market precedent.

What you'll do

• Own US distribution and pipeline: lead new business and renewal underwriting for US domiciled digital asset clients across all six lines, from first submission through to bind
• Exercise underwriting authority: quote, negotiate and bind within delegated authority, prepare clear referrals above it, and contribute to Underwriting Committee decisions
• Assess custody architecture, key management and access controls, smart contract audit coverage, validator operations and slashing exposure, governance and compliance culture with the rigour a CTO would respect
• Structure bespoke and innovative solutions, including multi-line and hybrid-currency programmes (USD, BTC, ETH), per-wallet custody structures and captive or mutual arrangements
• Develop and maintain relationships with the digital asset and financial institutions practices of major US brokers and specialist intermediaries
• Support the development of US distribution, including fronting and programme partnerships, and understand surplus lines placement, fronting arrangements and reinsurance mechanics
• Represent SOTER with clients, brokers, auditors and conference audiences, and contribute to thought leadership positioning SOTER as the reference point on digital asset risk in the US
• Draft, negotiate and approve endorsements and manuscript amendments; review broker and competitor forms to identify coverage gaps and drafting risk
• Work with the Lead Pricing Actuary to apply and refine SOTER's pricing models, challenge assumptions where market evidence differs, and document rationale
• Manage aggregation, correlation across lines and counterparties, and exposure to shared infrastructure; contribute to portfolio reporting for the Underwriting Committee and Board
• Complete client risk assessments (CRA/KYC) and sanctions, PEP and adverse media screening in line with SOTER's framework and Bermuda requirements
• Coach and develop the underwriting team and set the standard for submission workup, referral quality and file documentation
• Contribute to underwriting guidelines, SOPs and SOTER's AI-assisted underwriting tooling

What you bring

• 7 or more years in specialty or commercial lines underwriting or broking, including at least 3 years in Financial Lines (D&O, E&O, Crime) or Specie, with demonstrable personal authority and a track record of profitable results
• Hands-on experience drafting and negotiating policy wordings and endorsements, not reliance on pre-agreed carrier forms alone
• Direct involvement in building or materially reshaping an insurance product, programme or facility
• Working knowledge of the US specialty market: surplus lines, fronting structures, major broker houses and how digital asset risks are currently placed
• Genuine understanding of custody models, exchange and trading operations, staking and validator economics, DeFi protocols and the regulatory picture for digital asset firms in the US, evidenced by work, study or credible independent research
• Ability to hold a substantive conversation with a CTO, security auditor or regulator and reach an independent view
• Comfort underwriting risks with limited loss history, and discipline about documenting reasoning
• Clear, precise written work: referral memos and broker correspondence that a Board member or reinsurer can follow

Nice to have

• Familiarity with the Bermuda regulatory framework (BMA) or other regulated reinsurance or specialty markets
• Cyber underwriting experience, including assessment of SOC 2, penetration testing and incident response maturity
• Professional designations such as CPCU, RPLU, ARe or equivalent
• Ability to use data tools, scripting or AI assistants to work faster and more accurately
• Existing relationships in the US digital asset and FI broking community

What we offer

• Hybrid work from SOTER's New York or Bermuda office, or remote within the United States, with travel to client and broker meetings, industry events and periodically to Bermuda and London

About SOTER

SOTER is a regulated specialty insurer backed by Galaxy Digital, Further Ventures and Brevan Howard, with underwriting operations in Bermuda, London and Dubai. It writes institutional-grade insurance coverage across multiple lines for digital asset custodians, exchanges and trading firms, and can issue policies in USD, BTC and ETH denominated segregated accounts, aligning its capital and reserves with policy obligations.