Senior Underwriter - D&O, UK & Lloyd's

AXA Group; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading global insurer is seeking a Senior Underwriter for D&O insurance in London. The role involves driving profitable growth, providing exceptional service to clients, and leading junior team members. Candidates should possess significant underwriting experience and strong analytical and negotiation skills.

Benefits

Flexible Working Arrangements

Enhanced family-friendly leave benefits

Qualifications

• Significant proven D&O Underwriting experience.
• Demonstrate significant technical knowledge and experience in the industry.

Responsibilities

• Drive profitable growth by providing best in class underwriting service.
• Review submissions and determine degree of risk for each account.
• Maintain awareness of all claims advised while supporting settlement.

Skills

Analytical

Negotiation

Sales

Customer Service

Job description

Senior Underwriter - D&O, UK & Lloyd’s

London, UK

*Applications close 30 May*

We’rea market leading, global insurer and reinsurer. With an innovative approach to solving complex risks, we have the knowledge and experience. And we’re looking for more.

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. We don’t just provide re/insurance, we reinvent it.

How? By combining a robust 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.

The Financial Lines team is a significant capacity player and Thought Leader in the market. With an influential brand backed by a significant balance sheet, the Team has a Leading Underwriter position in the market writing a global book of Fortune 500 companies. All the underwriters have extensive market relationships with all the leading brokers writing an Open Market and Delegated Authority book.

This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.

What you’ll be DOING

As a Senior Underwriter of Directors’ & Officers’ insurance you will be seen as a market leading

Underwriter in your field to internal peers, Brokers, and direct clients. You will be responsible for driving

profitable growth of the book by providing best in class underwriting service to Clients and Brokers, and

leading by example for junior team members to learn from.

You will work with an allocated range of clients within the portfolio to service their new business, renewal

and policy endorsement needs, whilst maintaining a view across the wider book to ensure we are

achieving the desired strategic goals for the book. You will also work with Claims and Actuarial

counterparts to design innovative pricing and risk management solutions for clients, and work with

Reinsurance counterparts to ensure the appropriate coverage is in place.

What will your essential responsibilities include?

·Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.

·Calculating appropriate risk premium by considering the risk costs inherent to the sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.

·Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.

·Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention

·Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy

·Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.

·Maintain awareness of all claims advised while supporting and providing input on settlement of claims.

You will report to the Underwriting Manager - D&O, UK & Lloyd’s

What you will BRING

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

Required Skills and Abilities:

·Significant proven D&O Underwriting experience with demonstrable track record of writing a

·profitable portfolio within the line of business

·Demonstrate significant technical knowledge and experience of the industry and line of business

·Proven analytical, negotiation and sales skills

·Excellent customer serivce experience, including effective written and oral communication skillsCompetency: description

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

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.