Underwriter - International Wholesale Liability

AXA XL; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Flexible working

Diversity initiatives

Family leave

Employee resource groups

Inclusive culture

Job summary

AXA XL, a Lloyd’s market leader based in London, seeks an Underwriter I for International Wholesale Liability to deliver profitable underwriting services globally. You will cover risk submissions, pricing, client liaison, and reinsurance decisions, working with brokers and insureds across diverse markets.

The role reports to the Underwriting Manager and requires strong analytical and relationship skills in a dynamic, regulated environment with a commitment to inclusion and long-term client value.

Qualifications

• Casualty underwriting experience and market awareness.
• Technical knowledge of the insurance industry, especially Casualty/Liability.
• Evidence of progression through underwriting roles and gained authority.
• Strong analytical, negotiation and sales capabilities.
• Excellent written and oral communication skills.
• Ability to build and maintain insured and broker relationships.
• Capability to understand and develop business processes, strategy and planning.
• Collaborative team player offering creative solutions.

Responsibilities

• Review submissions including applications, policy wording, inspection reports, loss runs, and financial reports to assess risk.
• Compute risk premium accounting for risk costs, reinsurance, and admin costs to ensure profitability.
• Advise and service clients on insurance and risk management matters to meet requirements.
• Manage relationships to cross-sell products and retain accounts.
• Ensure timely implementation of new and renewed accounts according to quality standards.
• Determine appropriate reinsurance for risk placements with excess of loss and quota share.
• Review loss control reports and process endorsement requests for changes to policies.
• Support business planning and forecast processes and monitor exposures and premiums.
• Maintain awareness of claims advised and participate in settlements.

Skills

Casualty underwriting

Technical insurance knowledge

Underwriting progression

Analytical skills

Communication skills

Relationship building

Business process understanding

Team collaboration

Job description

Underwriter - International Wholesale Liability

A market leader in Lloyd’s, this long-established and growing London-based team forms part of the London Wholesale Casualty business unit and underwrites general liability risks for a vast array of businesses around the world. The portfolio includes risks via the open market and via facilities and delegated authority arrangements, ranging from railways in Australia to ski resorts in Canada to chemical plants in South America and to hotels in the Caribbean. Every day is different and presents new challenges, and we strive to find tailored solutions for our insureds that protect their businesses for the long-term.

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

What you'll be doing

As an Underwriter I, 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 exposurewithin 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, 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 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.
• In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
• 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.

You will report to the Underwriting Manager.

What you'll bring

• Casualty Underwriting experience, as well as good industry knowledge and awareness of factors affecting this market
• Technical knowledge and experience of the insurance industry and specifically in Casualty / Liability
• Demonstrated progression through underwriting roles, having gained underwriting authority
• 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