Senior Underwriter - NA Open Market Property

TN United Kingdom; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Underwriter for the NA Open Market Property segment in London. This role involves managing complex underwriting tasks, building relationships with brokers, and driving new product development. The ideal candidate will possess extensive technical knowledge in Open Market Property Insurance and demonstrate strong analytical and problem-solving abilities. Join a company that values innovation and teamwork in an inclusive environment, where your contributions will directly impact the business and its clients. If you are ready to take on a challenging yet rewarding role, this opportunity is for you.

Qualifications

• Expert level of technical knowledge in Open Market Property Insurance.
• Strong analytical and problem-solving skills.

Responsibilities

• Underwrite and manage a renewal book while producing new business.
• Negotiate with producers and build relationships with brokers.

Skills

Open Market Property Insurance

Analytical Skills

Problem-Solving Skills

Sales and Marketing Abilities

Organizational Skills

Education

Degree in Finance or Insurance

Job description

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Senior Underwriter - NA Open Market Property, London

Client: AXA Group

Location: London, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Reference: c111361fd7ed

Job Views: 3

Posted: 02.05.2025

Expiry Date: 16.06.2025

Job Description:

Senior Underwriter – NA Open Market Property

London, UK

As an experienced Underwriter, you will be responsible for working within authority limits on assignments reflecting the expert degree of technical complexity and coordination under broad management direction. This position is typically an individual contributor, and your key responsibilities will involve underwriting business in line with the business plan; assisting in the planning and forecasting process; monitoring aggregate exposure within agreed limits; monitoring premium income to ensure it remains within limits; ensuring all risks written are within the maximum; maintaining awareness of all claims advised; supporting and providing input on settlement of claims; building and maintaining relationships with brokers and clients; supporting the design and structure of risks; and identifying and driving new product development opportunities.

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

Discover your opportunity

What will your essential responsibilities include?

• Underwrite, manage, and service a renewal book and produce new business in accordance with business unit goals. Develop and manage underwriting strategies for both renewals and targets within your portfolio of accounts, including knowledge of the current penetration by product, cross-marketing penetration, and specific plans to increase company share.
• Exercise discretion and self-directed judgment in the analysis and evaluation of risk.
• Participate in roundtable discussions on risk assessment and provide mentorship and leadership to peers.
• Negotiate with producers within the limits of delegated authority and in accordance with established underwriting standards to achieve profit objectives.
• Build and enhance relationships with brokers and clients and identify and establish new distribution relationships.
• Maintain expertise with the products, services, priorities, and target markets to more effectively enable clients to uncover hidden risks.
• Promote the company's expertise by participating in industry conferences and events while regularly conducting and leading client and broker meetings to educate on risk.
• Maintain compliance with all internal and external underwriting guidelines and legal requirements.
• 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.
• Identify and drive new product development opportunities. Cross-market effectively with other XL Catlin lines; meet with brokers and insureds as required. Cultivate key broker relationships in the region to maintain a steady stream of business within our underwriting appetite.
• Work at the highest authority limits on assignments reflecting the expert degree of technical complexity and coordination under broad management direction.
• Possess an expert level of technical knowledge and skills including product and industry.
• Provide guidance and assistance to junior underwriters and associates and other functional areas.

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

• Possess a high and extensive level of technical knowledge and skills within Open Market Property Insurance.
• Able to apply business understanding and/or management experience to set direction within the segment or function.
• Possess analytical and problem-solving skills as well as sales and marketing abilities.
• Excellent organizational, time-management, and multi-tasking skills combined with a strong work ethic.
• Ability to develop and understand business processes, strategy, and planning.
• Knowledge of system functionalities.
• Ability to work independently.
• Flexibility and innovation to adapt to changing environments.
• Good customer service and negotiation skills. Proven track record in developing business relationships with brokers and insureds.
• Ability to lead in accordance with AXA XL Core Values and Culture.

Find your future

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.