Underwriter II in City of London

AXA XL is an Equal Opportunity Employer. As an Underwriter II, you will be responsible for underwriting business within the agreed business plan and your individual authority (which is established commensurately with your role, experience and training). It is essential to be committed to provide excellent service to our clients and brokers. Necessarily, the role will require you to be present in the Office or “at Lloyd’s” 3-4 days’ per week.

You will be responsible for all of the underwriting activities normally associated with this type of portfolio including aggregate quantification and management, compliance, pricing and ensuring appropriate policy conditions are applied to the risk. The portfolio is a profitable, diversified book providing significant opportunity to develop and learn - as well as build the book as part of our team. It includes direct, facultative and treaty reinsurance written within a defined risk appetite. Profitable, organic growth is the core objective for the portfolio consistent with AXA XL’s role as the Large Corporate and Specialty division of AXA Group.

What you’ll be doing

• Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account. This includes open market (Direct & Fac) and lineslip business plus binding authorities across Lloyds and Company platforms.
• Calculating appropriate risk premium by considering the risk costs inherent to the sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
• Proactively advising, assisting, servicing and following up with clients on insurance/re-insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
• Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
• Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
• Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits.
• Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.

You will report to Underwriting Manager, Accident and Health, UK/Lloyd’s.

What you’ll bring

• Bachelor’s Degree (or equivalent).
• Experience in the relevant class of business, possessing functional knowledge and skills reflective of a fully competent practitioner.
• Established Industry Knowledge and Commercial/Business Acumen.
• Analytical, negotiation and sales/marketing skills.
• Excellent written and oral communication skills. Excellent customer service focus is a must.
• Interpersonal Savvy - Demonstrated ability to build and maintain insured and broker contacts.
• Ability to develop and understand business processes, strategy and planning.
• Collaborative team player who provides creative solutions and ideas for resolution.

What we offer

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic. At AXA XL, we know that an inclusive culture enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and reach their highest potential.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Who we are

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.