Underwriter - Delegated Authority, Wholesale Property

TN United Kingdom; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter for its London office. In this role, you will be pivotal in delivering profitable underwriting services, managing financial exposures, and fostering relationships with clients and brokers. Your expertise in Wholesale Property and Delegated Authority will be essential as you navigate complex risks and ensure compliance with underwriting standards. Join a dynamic team that values collaboration and innovation, where your contributions will directly impact client satisfaction and business success. This is an opportunity to grow within a forward-thinking organization committed to excellence in risk management.

Qualifications

• Experience in underwriting within Wholesale Property/Delegated Authority.
• Strong analytical and negotiation skills with excellent communication.

Responsibilities

• Review submissions and conduct research to determine risk degree.
• Manage relationships with clients and brokers for satisfaction.

Skills

Underwriting experience within Wholesale Property

Technical knowledge of the industry

Analytical skills

Negotiation skills

Sales skills

Written communication skills

Oral communication skills

Interpersonal skills

Business process understanding

Team collaboration

Job description

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Underwriter - Delegated Authority, Wholesale Property, London

Client:

AXA Group

Location:

London, United Kingdom

Job Category:

Other

-

EU work permit required:

Yes

Job Reference:

9bd41000ab85

Job Views:

9

Posted:

26.04.2025

Expiry Date:

10.06.2025

Job Description:

Underwriter – Delegated Authority, Wholesale Property

London, UK

As an Underwriter, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. Your key tasks include underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance is acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.

Discover your opportunity

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 and brokers on insurance and risk management matters to ensure satisfaction and fulfilment of their insurance requirements.
• Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
• Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits.
• Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
• Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.

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

• Underwriting experience within Wholesale Property / Delegated Authority
• Demonstrate technical knowledge and experience of the industry
• Proven analytical, negotiation and sales skills.
• Excellent written and oral communication skills
• Interpersonal savvy - demonstrated ability to build and maintain insured and broker contacts.
• Ability to develop and understand business processes, strategy and planning.
• Collaborative team player who provides creative solutions and ideas for resolution

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.