Senior Underwriter UK

AXA; City of Westminster; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading multinational insurance company in the City of Westminster is seeking a Senior Underwriter to manage the underwriting process and develop profitable premium sources. Responsibilities include negotiating policies, collaborating with brokers, and providing support for team members. The ideal candidate should have experience in transactional liability insurance and possess strong negotiation and communication skills. This position offers opportunities for career growth and involvement in a dynamic team environment.

Benefits

Flexible working arrangements

Enhanced family-friendly leave benefits

Qualifications

• Experience of transactional liability insurance, demonstrating technical knowledge.
• Qualified lawyer or alternative corporate experience in a transactional role.
• Excellent organization, communication and interpersonal skills.

Responsibilities

• Lead and manage the underwriting process, including analysis and assessment of broker submissions.
• Monitor and manage the status of accounts, financial exposure, and premium collection.
• Support team members through deals and day-to-day business issues.

Skills

Transactional liability insurance experience

Negotiating skills

Organizational skills

Communication skills

Customer service skills

Education

Qualified lawyer with M&A experience

Job description

Overview

As a Senior Underwriter you will play a critical role in the team, focusing on building our open market portfolio, underwriting transactions, negotiating policies (notably primary W&I) and assisting with coverholder management. You will generate profitable premium and develop broker and client relationships as we grow our underwriting capabilities and market share.

Responsibilities

• TECHNICAL UNDERWRITING: lead and manage the underwriting process, including analysis and assessment of broker submissions; preparing quotes in line with underwriting appetite and guidelines; review and analysis of transaction documentation, due diligence reports and disclosure documentation; instructing and liaising with external legal counsel; drafting underwriting questions and hosting underwriting calls; drafting and negotiating policy coverage and terms.
• PORTFOLIO MANAGEMENT: monitor and manage status of accounts, financial exposure and premium collection; maintain compliance with internal and external underwriting guidelines and legal requirements; support business planning and forecasting; collaborate with AXA XL Claims to support and input on settlement of claims.
• TEAMWORK: support team members through deals and day-to-day business issues; participate in risk assessment discussions; provide leadership and training to junior colleagues.
• EXECUTING UNDERWRITING STRATEGY: achieve business unit performance goals; develop and manage underwriting strategies for portfolio growth; identify, target and establish relationships with new clients, brokers and lawyers; manage and develop existing relationships; promote the company's expertise by working with AXA XL colleagues and cross-marketing with other AXA XL lines.

You will report to Head of M&A and Title, UK and Lloyd\'s.

Qualifications

• Experience of transactional liability insurance (as a broker/underwriter or from a client or adviser perspective), demonstrating technical knowledge.
• Either a qualified lawyer with experience of M&A (or other corporate transactional work) or alternative corporate experience in a transaction-oriented role.
• Influential negotiating skills and comfort working with legal documents.
• Excellent organisation, communication and interpersonal skills, with the ability to work collaboratively in a fast-paced environment with tight deadlines and deal-time pressures.

Desired Skills and Abilities

• Robust sales and marketing plus customer service skills, with a proven track record in developing effective business relationships with brokers and insureds.
• Ability to develop and understand business processes, strategy and planning. Able to apply business understanding and/or management experience to set direction within the segment or function.
• Ability to lead in accordance with AXA XL Core Values and Culture.

About AXA XL and Diversity & Inclusion

AXA XL provides a full suite of M&A products (W&I, tax and contingent liability insurance) to a broad range of corporate and financial institution clients, across a variety of sectors and jurisdictions. Our growing team of M&A underwriters based across London, Paris and New York enables us to underwrite transactions globally. In London, our M&A underwriters work as part of a combined transactional risk group with our experienced Title team, allowing us to provide hybrid Title and fundamental warranty coverage alongside our M&A products.

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. We foster an inclusive culture that enables business growth and is critical to our success. We are committed to attracting, developing, advancing and retaining the most inclusive workforce possible, and to creating a culture where everyone can bring their full selves to work and reach their highest potential.

Five Business Resource Groups focus on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 chapters worldwide. Robust support for flexible working arrangements; enhanced family-friendly leave benefits; recognized by Diversity Best Practices; 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, including health, wellbeing, lifestyle and financial security. We are 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 is integral to our business strategy. From 2023-26, our Roots of resilience focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across operations. Our pillars include valuing nature, addressing climate change, integrating ESG, and volunteering and community programs under AXA XL Hearts in Action.