Underwriter / Senior Underwriter – Marine, Energy, Terror Reinsurance

London, United Kingdom

We are looking for an Underwriter or Senior Underwriter to join our Marine, Energy, Terror (MET) Reinsurance team. The exact level of the role is flexible to be catered to the candidates experience, but we expect them to have either Insurance, Reinsurance or Actuarial experience within Marine, Energy, or Terrorism classes of business.

As a member of the team you will form a key part of a leading a highly successful MET Reinsurance team based across London and Bermuda. Your role will be to engage with clients, brokers and AXA XL stakeholders across every aspect of the underwriting process, whether renewal business or new opportunities. You will have an extensive technical ability to independently price business, as well as a solid grounding in Specialty coverages including Marine, Energy and Terrorism. You will work closely with the portfolio managers to ensure risk appetite is optimised across key areas. As a dedicated team player, you will be expected to source new opportunities and utilise your excellent communication and relationship building skills to grow the portfolio profitably. You will be actively involved in the business planning and forecasting process; monitoring financial exposure within the account; maintaining awareness of all claims advised while supporting and providing input on settlement of claims.

What you’ll be doing

What will your essential responsibilities include?

Responsible for the day-to-day management and development of a designated portfolio.
A good understanding of the markets and clients, with the ability to target preferred risks within appetite.
Service day-to-day needs of existing clients, including handling of special acceptances, business development, and technical exchanges.
Preparing and conducting meetings with clients and brokers, often in a solo capacity.
Liaising with Actuaries, Finance and Contract Teams to deliver sound technical analysis.
Present business plans and individual risks to senior management.
Develop a solid understanding of the underwriting systems (Pricing, Destiny IR, Work Bench, Aggregate Monitoring tools) and liaising with our Global Shared Servicing team where necessary.
Assist the wider Business Group in developing the global MET portfolio.
Understand the strategy and financial targets of AXA XL Reinsurance and those applicable to the business unit.
Monitor the Portfolio composition retaining a focus on diversification and peak risk exposures.
You will be set appropriate individual targets and goals that support delivery of the business plan.

You will report to the Global Head of Marine & Energy, Reinsurance based in London

What you’ll bring

Required Skills and Abilities:

Proven experience of Specialty classes (Marine, Energy, and/or Terrorism) from an Insurance, Reinsurance or Actuarial background.
A personal drive for excellence, a track record of exceeding expectations and a flair for innovation.
Able to perform tasks according to established procedures, with some ability to exercise discretion.
Uses judgment to identify and solve day to day problems.
Excellent analytical skills with the ability to think quickly and innovatively, always working in a disciplined manner.
You will be confident and comfortable to take personal responsibility for your work but will also be a excellent team player.
Be aware of the control processes that operate around an underwriting function and the need to comply with them.
Ability to perform portfolio analysis, with a good level of engagement in diversification and volatility management.
Ability to adapt quickly and easily to new conditions and requirements, externally in the market or internally within a changing Organization.
You will have good interpersonal skills and an interest in business development
Relevant professional designations
A high level of competency in Microsoft Excel is essential.

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. 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.
For more information, please see axaxl.com/sustainability.

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

Marine, Energy, Terror Reinsurance jobs

Underwriter / Senior Underwriter – Marine, Energy, Terror Reinsurance