Underwriter II – Directors’ & Officers’ (D&O) Insurance

AXA XL; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading global insurance company is seeking an Underwriter with UK market experience to join its Directors’ & Officers’ team in London. The role includes underwriting business, managing client relationships, and ensuring a profitable portfolio. Candidates should have proven underwriting experience, analytical skills, and technical knowledge of D&O insurance. The company offers a competitive salary, promotes diversity, and supports flexible working arrangements.

Benefits

Flexible Working Arrangements

Enhanced family leave benefits

Diversity and inclusion programs

Qualifications

• Proven Underwriting experience with a demonstrable track record.
• Demonstrate technical knowledge and experience of D&O Insurance.
• Proven analytical, negotiation and sales skills.
• Excellent written and oral communication skills.
• Demonstrated ability to build and maintain broker contacts.
• Ability to develop and understand business processes.
• Collaborative team player.

Responsibilities

• Underwrite business within the agreed business plan.
• Support business planning and forecasting processes.
• Monitor financial exposure within outlined limits.
• Build and maintain relationships with brokers and clients.
• Review submissions and conduct appropriate risk assessments.
• Calculate appropriate risk premium for sectors.
• Process necessary changes to existing policies.

Skills

Proven Underwriting experience

Technical knowledge of D&O Insurance

Analytical skills

Negotiation skills

Sales skills

Excellent communication skills

Interpersonal savvy

Collaborative team player

Job description

The Directors’ & Officers’ (D&O) team is a significant capacity player and Thought Leader in the market. With a compelling 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.

We are currently looking for an underwriter to join the team with UK market experience, and some current / prior exposure to Directors’ & Officers’ (D&O) insurance, or related lines of business.

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

What you’ll be doing

As an Underwriter, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. You 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 acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.

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, and ensuring adequate provision of all expenses associated with the individual risk transfer to meet target profitability requirements.
• Proactively advising, assisting, servicing and following up with clients and brokers 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.
• 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.
• 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.
• Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.

You will report to the Senior Underwriter, D&O.

What you’ll bring

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

• Proven Underwriting experience with a demonstrable track record of writing a profitable portfolio within the London market.
• Demonstrate technical knowledge and experience of the industry and D&O Insurance (we are open to individuals with experience in related lines of business).
• 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.

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.

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