Underwriter - Terrorism

AXIS Capital; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading insurance and reinsurance firm in London seeks a Terrorism Underwriter to manage existing accounts and develop new business opportunities. The ideal candidate has over 5 years of experience in the London insurance market, strong analytical skills, and the ability to communicate complex technical concepts. This role offers a competitive benefits package and supports a hybrid work arrangement.

Benefits

Comprehensive medical plans

Health and wellness programs

Tuition reimbursement

Paid annual leave

Qualifications

• 5+ years' experience in the London insurance market.
• Ability to articulate technical concepts to non-technical audiences.
• Ability to establish broker relationships.

Responsibilities

• Prospect new business and develop a pipeline.
• Underwrite a book of business.
• Work with distribution partners on acceptable risks.

Skills

Self-starter

Analytical skills

Negotiation

Communication

Team-working

Education

ACII Qualification (or working towards)

Tools

Microsoft Office (Outlook, Word, Excel, PowerPoint)

Job description

Overview

The Terrorism Underwriter will act as a representative within established guidelines to enhance the global position of AXIS. The candidate will be responsible for helping to manage the current book whilst developing new business opportunities, making recommendations based on their knowledge of local market conditions.

Responsibilities

• Prospect new business targets and opportunities. Develop a pipeline for prospecting new business, targeting established and lapsed business relationships.
• Review and evaluate new business opportunities based upon company underwriting guidelines, competition and geographic focus.
• Underwrite an existing, renewing book of business.
• Work closely with distribution partners to ensure AXIS receives opportunities to quote acceptable risks.
• Meet established underwriting team servicing objectives related to quote turnaround, policy issuance, account and renewal management, file maintenance and documentation.
• Review coverage requests provided by brokers and determine the units position within individual authority; present requests outside authority to the immediate supervisor for approval or guidance.
• Analyse and underwrite individual risks. Develop appropriate limit structure, retention, pricing and endorsements within underwriting guidelines.
• Understand Aggregation Modelling outputs and use these results to guide underwriting decisions (AIR preferred).
• Continue to develop and update product and underwriting knowledge.
• Maintain up-to-date familiarity with economic, geo-political and legal factors that impact the units products.
• Participate in special projects and department initiatives at the request of the manager.
• Business travel may be required.
• Assist in training and development of more junior team members.
• Confidently meet individually with clients and articulate the Teams appetite for risk.
• Keep up to date with market conditions and trends and adapt these to day-to-day underwriting.
• You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.

Qualifications

• Highly motivated self-starter who can quickly assess marketplace opportunities for the benefit of AXIS and its clients
• A minimum of 5 years' relevant experience in London insurance market
• An ability to communicate technical concepts to a non-technical audience at all levels, including Executive Leadership.
• Strong analytical skills and proven ability to align business analysis with departmental strategy
• Excellent negotiation, interpersonal/communication skills, and strong marketing abilities
• Ability to multi-task and manage conflicting priorities
• Excellent team-working skills
• Accurate and diligent working approach
• Ability to establish broker relationships.

What we prefer you to have

• Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint)
• ACII Qualification (or working towards)

About AXIS and benefits

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.

Working arrangement

In this role, you will typically be required to: Be in the office 3-4 days per week.

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. In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance.