Underwriter I - Political Violence, War and Terrorism & Security Risks in London

The WTPV and Security Risks business groups operate within the top quartile of Crisis Management insurers within Lloyd’s, and in 2025 the combined Gross Written Premium generated by the team was circa USD 89m. The WTPV and Security Risks business groups offer customers a full complement of political violence and security risks insurance products, servicing a range of business sectors including Fortune 500 clients, Real Estate, Power, Energy, Manufacturing, Construction and Telecoms. Our primary objective is to be the most admired and respected lead market in the Crisis Management business area. We want to be recognised for our superior client service and innovation to our clients’ most complex risks.

As an Underwriter I, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. Your key tasks include:

• Underwriting business within the agreed business plan and individual authority.
• 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.
• Ensuring adequate reinsurance acquired to cover specific risks.
• Building and maintaining relationships with brokers and clients.
• Supporting the design and structure of risks.

This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.

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.
• Calculating appropriate risk premium by considering the risk costs inherent to the WTPV and Security Risks 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 and risk management matters to ensure satisfaction and fulfilment 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 the Senior Underwriter.

What you’ll bring:

• Bachelor’s Degree (or equivalent).
• A foundation of experience in at least one of the Security Risks and/or the WTPV market, possessing functional knowledge and skills reflective of a fully competent practitioner.
• Deep 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 solid 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:

• Inclusion: 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.
• Robust support for Flexible Working Arrangements.
• Enhanced family-friendly leave benefits.
• Named to the Diversity Best Practices Index.
• Signatory to the UK Women in Finance Charter.

Total Rewards: AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security.

Sustainability: At AXA XL, Sustainability is integral to our business strategy. Our Sustainability strategy, called “Roots of resilience”, 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. With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.