Assistant Underwriter - Upstream Energy
London, UK
The Upstream Energy team are looking for someone to join them as an Assistant Underwriter. The role offers the chance to learn from one of the largest & most technical Upstream underwriting teams in the London market.
The ideal candidate will have relevant experience / education, either in the fields of Upstream Energy, Offshore Renewable Wind or from working in an underwriting or broking team.
Upstream Energy forms part of the wider London Energy division, which also includes Energy Liability, Downstream Energy & Power as well as Energy Transition meaning that there is ample opportunity to learn more about the wider Energy insurance segment.
The Upstream Energy portfolio is sizeable and consists of our core Exploration & Production clients, Drilling Contractors & Offshore Renewable Wind. Principle coverages include Property Damage, Control of Well, Loss of Production income, Offshore Construction, US Named Windstorm & Third-Party Liabilities.
AxaXL enjoys a solid leadership position and a market leading line size of up to $400m and offers exceptional career development opportunities.
As an Assistant Underwriter you will be responsible for working with the underwriters to deliver an exceptional service to our clients and a profitable underwriting result to the business. Your key tasks will include:
- Supporting the underwriting team in risk selection, pricing of risks, document comparisons & reviews
- Working with our operations team to ensure accurate business reporting
- Monitor risk exposure within outlined limits
- Building an effective network with brokers and, in time, clients
- Representing AxaXL at external events, including market presentations
- Develop your skills as an underwriter for the future
What you’ll be doing
What will your essential responsibilities include?
- Reviewing submissions including policy wordings, loss history and financial reports, supporting underwriters to determine the degree of risk associated for each account.
- Proactively assisting with the servicing of accounts to ensure satisfaction and fulfillment of insurance requirements.
- Effective relationship management internally and externally.
- Working with our ESS team to close and book business in a timely fashion and according to internal standards.
You will report to the Head of Upstream Energy.
What you’ll bring
We’re looking for someone who has these abilities and skills:
- Experience in the wider insurance business
- Analytical skills
- Excellent written and oral communication skills.
- Excellent interpersonal skills: candidate should be able to demonstrate the ability to build and maintain good working relationships.
- Be able to understand the AXA XL (or similar) business processes, strategy and planning.
Collaborative team player who can think laterally and contribute ideas for problem 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. At AXA XL, we know that an inclusive culture and 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.
- Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
- 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
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
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. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
Our Pillars:
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.
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.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
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