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Global Chief Underwriting Officer, Casualty United States, London, Paris
AXA XL’s culture of profitable growth and disciplined underwriting is the strategic focus of the GCUO, Casualty. The main remit is the development of consistent underwriting standards, practices and procedures. As a member of the Global CUO Leadership Team, reporting directly to the AXA XL Global Chief Underwriting Officer, the Casualty GCUO will act as the Global Technical leader responsible for developing and assessing the core underwriting strategic direction and product profitability for the Global Casualty portfolio.
This role is predominately an internal technical position with opportunity for customer-facing interaction, working together with internal clients and meeting with key brokers to support the Global and Regional underwriting and marketing strategies. You will work closely with the Regional CUO’s and Regional Casualty Product Heads to achieve the Global and Regional financial objectives and will be responsible for all underwriting operations including pricing, policy language construction and underwriting guidelines.
Additionally, you will work closely with functional leaders such as Claims, Actuarial Finance and Reserving, Operations and Technology, Data and Pricing and Analytics.
What you’ll be DOING
- In partnership with Regional CUO’s, accountable for the Global Casualty line of Business P&L and management of the Global portfolio to set financial targets and ensure profitable growth
- Inspire a culture of underwriting excellence and relentless product performance management across the Global Casualty teams
- Promote the professional growth of a diverse and engaged underwriting community, whilst planning effectively to meet the succession needs of the organisation
- Identify training needs and, in conjunction with the AXA XL Underwriting Academy, develop training programs designed to advance the technical skills of the Casualty Underwriting community
- Drive and monitor underwriting policies, rules, guidelines and procedures establishing the referral flow for technical oversight
- Cascading (and withdrawal) of Underwriting Authority levels to achieve underwriting quality, best practices, profitability and regulatory compliance goals
- Create and implement governance framework to ensure underwriting best practice through form Underwriting Reviews and quality controls, as necessary
- Represent line(s)/business unit(s) during, regulatory and FIC audits as needed and coordinate with line/Business Unit on internal and external requests for information
- Operational planning - Work with the Global Product Heads and Regional CUO’s to ensure we have effective operational plans to achieve strategic objectives
- Work with Finance, Actuarial, Heads of LOB to influence the development of Regional financial plans in support of the Global Casualty Strategy.
- Build and maintain robust links with the Global CUO function and leadership team to ensure alignment with product growth and strategic direction
- Align with AXA GI and other legal entities to collaborate and innovate where possible, proactively identifying new product opportunities to support product growth strategies
- Ensure Regional Casualty Underwriting teams are collaborating with the Global Chief Underwriting office and Internal Audit as appropriate
You will report to AXA XL’s Global Chief Underwriting Officer.
What you will BRING
- Bachelor’s degree preferred with extensive experience in global insurance, focusing on underwriting management and insurance operations
- Deep understanding of Casualty Insurance with a preference for experience leading a global portfolio. Specific exposure to and management of the US Casualty market is highly preferred.
- Proven leadership and communication skills with an ability to influence across cultural differences
- An unwavering commitment to enable a variety of teams to achieve their best results
- Sound understanding of financial planning, analysis and reporting approaches
- Successful track record of profitable growth
- Ability to respond to a changing environment with flexibility and innovation
- Enable feedback loop with Claims and Reserving on strategy and appetite
- Close collaboration with Product specific GCUO, Regional CUOs and Regional Product Leaders as well as pricing, reserving actuaries, Risk Consulting and other Teams within the GCUO Organization and across AXA XL ( Risk) and AXA Group ( GIO/GRM)
- Engage with clients and brokers where product expertise can add value to the interaction
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.