Underwriter - Medical Malpractice, Global Markets

Axis; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A global insurance company in London is seeking a dynamic Underwriter for their Medical Malpractice team. The role involves underwriting a range of business, focusing on growth opportunities in both the UK and Europe. Candidates should possess strong underwriting technical skills and a proven ability to build relationships with brokers. The position offers a competitive benefits package and encourages personal development in a supportive environment.

Benefits

Comprehensive benefits package

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid annual leave

Qualifications

• Experience in Medical Malpractice underwriting.
• Excellent negotiation and communication skills.
• Self-initiated with proactive issue management.

Responsibilities

• Underwrite a wide range of medical professionals’ business.
• Develop key broker relationships and explore growth opportunities.
• Manage personal book of business and maintain data integrity.

Skills

Experience underwriting in Medical Malpractice

Ability to identify strategic growth areas

Proven track record in developing a book

Ability to build broker relationships

Excellent technical skills in underwriting

Strong team player

Attention to detail

Education

CII qualifications or working towards

Tools

Microsoft Office suite (Outlook, Word, Excel, PowerPoint)

Job description

Overview

AXIS Capital is a global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.

Role introduction

AXIS’s Medical Malpractice team is seeking a dynamic individual to join our team of underwriters to continue to build on a long history of success. The role involves underwriting a wide range of medical professionals’ business, with a strong focus on delegated authority channels in both the UK and Europe.

The Underwriter will operate within established guidelines to market, analyse, review, evaluate and monitor new and renewal accounts of medical malpractice business. The individual will exercise independent judgement in underwriting activities and should have strong market and technical knowledge within Medical Malpractice, with the ability to develop relationships with brokers and coverholders. Some professional lines or liability underwriting background would also be beneficial.

What will you do in this role?

• Take a key position within the Medical Malpractice team, developing the existing delegated authority book and identifying key growth areas. There is also the opportunity to work with the professional lines and liability delegated authority teams to grow cross-class opportunities within the wider AXIS team.
• Explore Medical Malpractice growth opportunities in Europe.
• Report on an ad hoc basis regarding pipelines, new opportunities, and progress towards strategic goals.
• Take responsibility for overall Coverholder/Broker relations for the team.
• Review and evaluate new and renewal business based on AXIS underwriting guidelines, competition and geographic focus; make recommendations.
• Review coverage requests provided by Coverholders/Brokers and determine the Unit’s position within granted authority. Present outside authority requests to Unit Head for approval or guidance.
• Analyze and underwrite individual risks. Develop appropriate limit structure, retention, pricing and endorsements within granted authority. Refer to Unit Head for approval if outside authority.
• Manage and develop a personal book of business with regards to new lines, renewals and cross marketing of products within Global Markets.
• Meet all divisional servicing objectives including quote turnaround, policy issuance, file maintenance and documentation. Maintain data integrity for underwriting system.
• Solicit new accounts or coverholders, gather market intelligence, and provide up-to-date department information relating to products and services. Manage key broker relationships to ensure objectives are achieved.
• Perform necessary travel as required for broker development and client meetings.
• Continue to develop and update product and underwriting knowledge. Maintain familiarity with economic and legal factors impacting the lines of business being underwritten.
• Participate in projects or perform other related work as required.

You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

About You

We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.

What you need to have

• Experience underwriting in Medical Malpractice
• Ability to identify strategic growth areas and to highlight potential threats to the profitability of the account
• Proven track record in successfully developing a book
• Ability to build new and existing broker or coverholder relationships
• Excellent technical skills in underwriting in this class
• Strong team player who is effective in a close team environment
• Open communication style and excellent presentation skills
• Attention to detail

Other desired skills & capabilities

• Excellent negotiation, interpersonal/communication skills, and strong marketing abilities.
• Self-initiated and high motivation; proactively addressing issues.
• CII qualifications or working towards.
• Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint).
• Ability to multi-task and manage conflicting priorities.
• Excellent team-working skills.
• Accurate and diligent working approach.

What we offer

You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.