Senior Underwriter - London Wholesale Casualty

Job Description – Senior Underwriter – London Wholesale Casualty (78005245R1D20241209)

Senior Underwriter – London Wholesale Casualty

London

This opportunity is within the US Casualty Team within the London Wholesale Casualty unit. The US Casualty team writes predominantly open market Insured’s that are generally the Fortune 1000 companies. Insureds are domiciled in the US, and the account is split among Global Fortune (Industrial, Manufacturing, Mining, Chemical, OLT), Commercial Construction, Rail (Passenger and Freight), Life Science, and Trucking. The team is led by Glen Secular and consists of 3 additional Underwriters and an Assistant Underwriter.

At this level, the role holder supports all aspects of 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, development of staff and broker and client management.

The role holder must possess technical expertise and may personally handle the more complex risks within the territory. Further, the role holder will act as a senior contact for insureds and brokers in the assigned geographic territory. 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 required.

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.

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 the 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 Head of US Casualty.

We’re looking for someone who has these abilities and skills:

• Proven experience of underwriting, 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 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.
• Demonstrated time management skills; and an ability to multitask.
• Ability to lead in accordance with AXA XL’s Core Values and Culture.

Location

GB-GB-London

Work Locations

GB London 20 Gracechurch Street London EC3V 0BG

Schedule

Full-time

Job Type

Standard

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