At a Glance
- Tasks: Lead underwriting for renewable energy projects and shape risk strategies.
- Company: Join AXA XL, a market leader in insurance and risk management.
- Benefits: Enjoy competitive pay, flexible working, and inclusive benefits.
- Other info: Be part of a diverse team committed to sustainability and innovation.
- Why this job: Make a real impact in the renewable energy sector while advancing your career.
- Qualifications: Experience in underwriting and strong broker relationships required.
The predicted salary is between 60000 - 80000 £ per year.
AXA XL’s UK & Lloyd’s are seeking a Senior Underwriter with deep market knowledge and influential broker relationships to help drive the continued build-out of the Renewable Energy portfolio both Construction and Operational property. You will play a key role in delivering profitable underwriting results, shaping risk strategy, and representing AXA XL as a market-leading partner to clients and brokers. The role will report into the Construction team, with dotted line reporting into the Energy team. The Construction team underwrites Construction and Erection All Risks (CAR/EAR) for a diverse global client base. Our portfolio spans Coverholders, Contractors, Owners, Utilities, Developers and OEMs, and we work closely with all major London broking houses. With a robust pipeline of new business and a growing appetite across CAR, EAR, DSU and first-year operations, this is an excellent opportunity to join an established and energetic team. This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be doing
As Senior Underwriter, you will be responsible for delivering a profitable, high-quality underwriting service across a broad range of construction and operational property risks. Your responsibilities will include:
- Underwriting & Portfolio Management
- Reviewing submissions, including policy wordings, inspection reports and loss runs, and conducting detailed analysis to assess risk quality.
- Pricing risks appropriately by considering technical risk costs, reinsurance structures, and underwriting/administration expenses to ensure sustainable profitability.
- Underwriting business within agreed authority levels and contributing to the wider business planning and forecasting process.
- Monitoring aggregate exposures, premium income, and portfolio performance to ensure alignment with plan and risk appetite.
- Client & Broker Engagement
- Building and maintaining effective relationships with brokers and clients to support new business development and account retention.
- Providing proactive advice on insurance and risk management matters, ensuring clients receive a tailored and responsive service.
- Identifying opportunities for cross-selling and supporting broader AXA XL initiatives.
- Policy & Claims Oversight
- Reviewing loss control reports and managing endorsement requests to ensure accurate and timely policy issuance.
- Maintaining awareness of all notified claims and providing input into claims strategy and settlement discussions.
You will report directly to the Head of Construction, UK & Lloyd’s.
What you’ll bring
We’re looking for someone who has these abilities and skills:
- Required Skills and Abilities
- Proven experience underwriting construction projects and annuals profitably.
- Excellent understanding of the renewable energy market and the factors influencing performance.
- Established broker and client network, ideally including renewable energy sector relationships.
- Excellent communication and customer service skills.
- Proven analytical, negotiation and commercial skills.
- Proficiency with pricing tools and solid working knowledge of Microsoft Excel.
- Familiarity with broker manuscript and industry-standard wordings.
- Understanding of linesize management and portfolio steering.
- Desired Skills and Abilities
- Background in engineering or construction, or a relevant technical degree.
- Binder and lineslip experience (preferred but not essential).
- Progress toward Cert CII or higher.
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. 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.
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. It provides competitive compensation and personalized, inclusive benefits that evolve as you do. We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
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.
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.
Senior Underwriter, Renewable Energy – Operational & Construction Property employer: AXA Group
AXA XL is an exceptional employer, offering a dynamic work environment that fosters inclusivity and professional growth. With a strong commitment to sustainability and a focus on employee well-being, we provide competitive compensation and personalised benefits that evolve with your career. Join our energetic team in London, where you will have the opportunity to shape the future of renewable energy underwriting while building influential relationships within a supportive and diverse culture.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Underwriter, Renewable Energy – Operational & Construction Property
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We think you need these skills to ace Senior Underwriter, Renewable Energy – Operational & Construction Property
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at AXA Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at AXA Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at AXA Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at AXA Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at AXA Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding AXA Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.