Assistant Underwriter

AXA XL; Greater London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading global insurance company in London is seeking an Assistant Underwriter to support the underwriting process for various businesses. The ideal candidate will have experience in underwriting, strong analytical, negotiation, and customer service skills, along with excellent written and verbal communication capabilities. This role offers the chance to work with industry experts and contribute to developing tailored insurance solutions.

Benefits

Flexible Working Arrangements

Enhanced family-friendly leave benefits

Diversity and inclusion programs

Qualifications

• Proven experience of underwriting with a profitable track record.
• Good industry knowledge and awareness of market factors.
• Excellent written and verbal communication skills.

Responsibilities

• Support Underwriters through the underwriting process for new and renewals.
• Conduct research and analysis on companies for potential new business.
• Prepare underwriting proposals and present them to the Underwriter.
• Ensure all underwriting activities are documented properly.

Skills

Underwriting experience

Customer service skills

Analytical skills

Negotiation skills

Sales skills

Job description

Assistant Underwriter - International Wholesale Liability

London, UK

International Wholesale Liability

A market leader in Lloyd’s, this long-established and growing London-based team forms part of the London Wholesale Casualty business unit and underwrites general liability risks for a vast array of businesses around the world. The portfolio includes risks via the open market and via facilities and delegated authority arrangements, ranging from railways in Australia to ski resorts in Canada to chemical plants in South America and to hotels in the Caribbean. Every day is different and presents new challenges, and we strive to find tailored solutions for our insureds that protect their businesses for the long-term.

What you’ll be doing

As an Assistant Underwriter you will work with our industry leading Underwriters to support them through the underwriting process for new and renewal business, ensuring that our clients and brokers experience the highest level of service.

You will have the opportunity to work with our Actuarial experts to learn how to use pricing models and systems to support the underwriting process, as well as building your experience to enhance your own underwriting authority.

What will your role as an Assistant Underwriter include?

• Prepare underwriting proposals, working with the Actuarial Pricing team where needed, to present to the Underwriter
• Conducting research and analysis on companies, industries or locations for potential new business
• Reviewing renewal proposals and endorsement requests for existing business
• Ensuring all underwriting activities are documented on the underwriting systems to the required data quality standards
• Preparing monthly reports on underwriting activity
• Building an internal network to support sharing of information and data between functions

You will report to the Underwriting Manager

What you’ll bring

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

• Proven experience of underwriting with demonstrable track record of writing a profitable portfolio within the 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

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.

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