Underwriter Energy

AXA XL; Milano; On-site; EUR 70,000 - 110,000; Full time

Benefits offered by this job

Flexible working arrangements

Enhanced family-friendly leave

Diversity & inclusion programs

Job summary

AXA XL in Milan, Italy is seeking an Underwriter to write new and renewal Energy business for an allocated client range, collaborating with brokers and clients to grow a profitable portfolio in line with the Business Plan.

You will develop high‑quality relationships with brokers, clients and internal teams, support risk management, and ensure efficient policy implementation while maintaining profitability and risk controls.

Qualifications

• Experience in underwriting Energy business and strong market knowledge.
• Fluent in English and Italian, written and spoken.
• Ability to manage stakeholder needs and negotiate effectively.

Responsibilities

• Underwrite Energy business within the plan and authority, reviewing submissions and risk.
• Calculate risk premiums considering costs, reinsurance, and admin expenses to ensure profitability.
• Advise and service clients on insurance and risk management matters.

Skills

Energy underwriting

Client relationship

English & Italian

Risk assessment

Job description

Milan, Italy

You will join the Italian Property, Energy and Construction Underwriting team having the opportunity to work with a wide range of clients to provide an innovative and bespoke underwriting service. Each risk we consider is unique which means our clients and brokers should enjoy the best practice, market leading experience of working with us.

In your Underwriter role you will be responsible for writing new and renewal Energy business for an allocated range of clients across the book, working with brokers and clients in support of the profitable growth of a portfolio in line with the agreed Business Plan.

By representing AXA XL Italy on the market, you will develop high quality levels of relationships with brokers, clients and colleagues (Claims, Operations and transversal functions).

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

What You’ll Be DOING

What will your essential responsibilities include?

• Underwrite Energy business within the agreed business plan and individual authority: reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine the 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 fulfillment of their insurance requirements.
• Seek, identify and develop opportunities for profitable business with new and existing customers.
• Effective relationship management to initiate opportunities for cross‑selling offered products and ensuring account retention. Collaborate with the Distribution Team by providing an effective and efficient service.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits.
• Pass all necessary and accurate information on to Operations colleagues for them to ensure the correct release of policies and/or implementation of programs.
• Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.

You will report to the Underwriting Manager Property, Energy & Construction, Italy

What You Will BRING

We’re looking for someone who has these abilities and skills:

• Experience in undewrwiting Energy business and good insurance market knowledge
• Communicate and work in English and Italian
• Understands stakeholders’ needs and concerns and identifies points of agreement. Efficiently manages the interactions with other parties in the organization and in the market.
• Know and use selling and negotiation techniques; adapt to the customer's situation, needs and behavior. Explores different alternatives and influence the other parties to reach an agreement with positive outcomes for all.
• Analytical skills to perform fact-based analyses on risks, simple or complex
• Work in team with colleagues of different seniority and expertise to achieve collective goals.
• Develop knowledge of new trends and business transformation.

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

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

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.