Underwriter - Terrorism

Axis; City Of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A global specialty insurance provider in London is seeking a Terrorism Underwriter who will manage current books and develop new business opportunities. The ideal candidate should have at least 5 years of experience in the London insurance market and possess strong analytical and communication skills. This role offers a competitive benefits package and target incentive compensation.

Benefits

Medical plans for employees and families

Retirement plans

Tuition reimbursement

Paid annual leave

Qualifications

• Minimum of 5 years’ relevant experience in London insurance market.
• Ability to communicate technical concepts to non-technical audiences.
• Strong analytical skills aligned with departmental strategy.

Responsibilities

• Prospect new business and manage a pipeline for prospecting.
• Underwrite existing and renewing book of business.
• Work closely with distribution partners for risk quoting.

Skills

Analytical skills

Negotiation skills

Interpersonal skills

Teamwork

Marketing abilities

Education

ACII Qualification (or working towards)

Tools

Microsoft Office Suite

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?

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.

What will you do in this role?

• Prospect new business targets and opportunities. Develops and manages a pipeline for prospecting new business, targeting of established and lapsed business relationships.
• Review and evaluate new business opportunities business 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 opportunity to quote acceptable risks.
• Meet established underwriting team servicing objectives related to quote turnaround, policy issuance, account and renewal management, file maintenance and documentation.
• Reviews coverage requests provided by broker and determine unit’s position relating to such requests within individual authority granted. Present requests outside the individual authority to immediate supervisor for approval or guidance.
• Analyse and underwrite individual risks. Develop appropriate limit structure, retention, pricing and endorsements within underwriting guidelines.
• An understanding of Aggregation Modelling outputs and using these results to help guide but not dictate 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 unit’s products.
• Participate in special projects and department initiatives at the request of manager.
• Business travel may be required.
• Assist in training and development of more junior team members.
• Confidence to meet individually with clients and be able to articulate the Team’s appetite for risk.
• Keeping up to date with market conditions, market trends and being able to 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.

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:

• 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)

Role Factors:

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. On top of this, 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 vacation, and much more.