Global Chief Underwriting Officer Property

AXA XL; Greater London; On-site; GBP 280,000 - 318,000; Full time

Job summary

A global insurance company seeks a Global Chief Underwriting Officer for Property to lead underwriting strategies and ensure profitable growth. The ideal candidate will have a strong background in global insurance, leadership skills, and a deep understanding of Property Insurance. Responsibilities include managing the Global Property P&L, driving underwriting excellence, and collaborating with diverse teams. This role offers competitive compensation and the opportunity to shape the future of underwriting in a dynamic environment.

Benefits

Competitive compensation

Personalized benefits

Flexible working arrangements

Qualifications

• Extensive experience in global insurance, focusing on underwriting management.
• Successful track record of profitable growth in insurance.
• Proven ability to influence across cultural differences.

Responsibilities

• Accountable for Global Property line of Business P&L.
• Inspire underwriting excellence across Global Property teams.
• Develop training programs for the Property Underwriting community.

Skills

Leadership and communication skills

Understanding of Property Insurance

Financial planning and analysis

Ability to respond to changing environments

Collaboration with diverse teams

Education

Bachelor's degree preferred

Job description

AXA XL is an Equal Opportunity Employer.

Global Chief Underwriting Officer, Property

New York, Stamford, London, Paris

AXA XL’s culture of profitable growth and disciplined underwriting is the strategic focus of the GCUO, Property. 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 Property GCUO will act as the Global Technical leader responsible for developing and assessing the core underwriting strategic direction and product profitability for the Global Property 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 Property 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 CUOs, accountable for the Global Property 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 Property teams
• Work with Group and Divisional Ceded Re as well as the Regional Property Underwriting leaders to influence the purchase of effective treaty reinsurance protection for the Property portfolios.
• Promote the professional growth of a diverse and engaged underwriting community, whilst planning effectively to meet the succession needs of the organization
• Identify training needs and, in conjunction with the AXA XL Underwriting Academy, develop training programs designed to advance the technical skills of the Property 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 Property 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 Property 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’ll bring

• Bachelor’s degree preferred with extensive experience in global insurance, focusing on underwriting management and insurance operations
• Deep understanding of Property Insurance with a preference for experience leading a global portfolio
• 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 (e.g. Risk) and AXA Group (e.g. GIO/GRM)
• Engage with clients and brokers where product expertise can add value to the interaction

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.

The U.S. base salary range for this position is $375,000 to $425,000 USD.

AXA XL is a global Company. The salary range noted above is applicable only for US applicants. Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay.

At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers.

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