Underwriter I - Healthcare

This opportunity is within the Healthcare Team within the London Wholesale Casualty unit. The Healthcare team writes a mix of open market Insured’s and delegated contracts predominantly domiciled within the US. Segments of the business include Hospitals, Long Term Care, Correctional, Physicians, and Life Science. Business is written using both the Lloyd’s and Company stamp and is predominantly written on a Primary and Lead business. This business has been written in London for 25+ years.

The team is led by Glen Secular and consists of 3 Underwriters and an Assistant Underwriter based in London and two Underwriting Assistants based in Ipswich. The business is supported by Claims, Actuarial, Finance, and Risk Consulting, who are a key part of the process given the complex Insured’s written. The team are a key player in the market and will lead off Quota Share placements.

At this level, the role holder supports the underwriting operations within the central region in accordance with corporate and divisional guidelines. This includes but is not limited to portfolio profitability, account pricing, portfolio rate change, renewal retention, marketing, new business production, and development of broker and client management. They will ensure strategic growth and development of the business in line with company objectives while retaining Clients. The role holder is required to maintain visibility in the community thereby reinforcing AXA XL’s brand in the community. Travel to accomplish this objective is expected. The role holder will support AXA XL’s cross-sell objectives by understanding capabilities across other lines of business and maintaining open communication with colleagues in other departments. This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.

Joining AXA XL as an Underwriter you will have the opportunity to work with a wide range of clients to provide an innovative and bespoke underwriting service. Each risk we consider is unique which means our clients and Brokers should enjoy a best practice, market leading experience of working with us. In your underwriting role, you will be responsible for writing new and renewal business for an allocated range of clients across the book, working with Brokers and direct clients, in support of the profitable growth of the book. The role will include providing innovative pricing and policy wordings, supporting any claims within your client base and monitoring exposure levels with the respective Actuarial and Claims teams.

What will your essential responsibilities include?

• 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 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 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.
• Underwriting business within the agreed business plan and individual authority.
• Supporting the design and structure of risks.
• Supporting departmental strategy and achieving P&L metrics.
• Imparting knowledge of underwriting principles, procedures and controls to team members.
• Maintain visibility in the market by marketing to insureds and brokers.
• 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.
• Working collaboratively in a team environment, assisting underwriters, underwriting assistants and the management team.

You will report to our Head of Healthcare and US Casualty.

What you’ll bring

• Proven experience of underwriting, ideally with a proven track record of profitable underwriting in this line of business.
• Good industry knowledge and awareness of factors affecting this market.
• Excellent customer service skills, including excellent written and verbal communication skills.
• Demonstrable analytical, negotiation and sales skills.
• Experience in policy development and broker management in the respective line(s) of business.
• Knowledge of functionality of systems including excellent technical skills with Microsoft Office and other relevant systems.
• Ability to respond to a changing environment with flexibility and innovation.
• Excellent interpersonal skills, communication including active listening skills, networking, marketing and collaboration skills evidencing public speaking and presentation experience.
• Ability to develop and maintain relationships with customers, producers and brokers.
• Fantastic time management skills; ability to multi-task.
• Ability to lead in accordance with AXA XL’s Core Values and Culture.

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. It’s about helping one another — and our business — to move forward and succeed.

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.