Underwriter - Medical Malpractice, Global Markets

Axis; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A global insurance provider seeks a dynamic Underwriter for their Medical Malpractice team in Greater London. The role entails underwriting business for medical professionals in the UK and Europe, with a special focus on delegated authority channels. Ideal candidates will possess experience in Medical Malpractice underwriting, strong market knowledge, and the ability to cultivate relationships with brokers. The position offers comprehensive benefits and encourages a diverse and inclusive workplace.

Benefits

Comprehensive benefits package

Health and wellness programs

Retirement plans

Tuition reimbursement

Paid annual leave

Qualifications

• Proven track record in successfully developing a book.
• Ability to build new and existing broker or coverholder relationships.
• Strong team player effective in a close environment.

Responsibilities

• Develop the existing delegated authority book for Medical Malpractice.
• Review and evaluate new and renewal business according to guidelines.
• Manage and develop a personal book of business, handling new lines and renewals.

Skills

Experience underwriting in Medical Malpractice

Excellent negotiation skills

Strong marketing abilities

Attention to detail

Open communication style

Excellent presentation skills

Ability to identify strategic growth areas

Education

CII qualifications or working towards

Tools

Microsoft Office suite applications

Job description

This is your opportunity to join AXIS Capital – a trusted 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 also proudly 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 and from all walks of life 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.

How does this role contribute to our collective success?

AXIS’ 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 would involve underwriting a wide range of medical professionals’ business. This can include some open market business, however, there would be a strong focus on delegated authority channels in both UK and Europe.

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

What will you do in this role?

• Take a key position within the Medical Malpractice team, developing the existing delegated authority book and looking for key areas of growth. There is the opportunity to also 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.
• Reporting 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 upon AXIS underwriting guidelines, competition and geographic focus and make recommendations.
• Review coverage requests provided by Coverholders /Brokers and determine the Unit’s position relating to such requests within individual authority granted. Present those outside authority to Unit Head for approval or guidance.
• Analyse and underwrite individual risks. Develop appropriate limit structure, retention, pricing and endorsements within authority granted. 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 but not limited to quote turnaround, policy issuance, file maintenance and documentation, etc. 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 all necessary travel as required for broker development as well as client meetings.
• Continue to develop and update product and underwriting knowledge.
• Maintain up to date 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 any 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 working 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. Competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.