AXA XL provides a full suite of M&A products (W&I, tax and contingent liability insurance) to a broad range of corporate and financial institution clients, across a variety of sectors and jurisdictions. Our growing team of M&A underwriters based across London, Paris and New York gives us the capability to underwrite transactions globally. In London, our M&A underwriters work as part of a combined transactional risk group with our experienced Title team - this allows us also to provide hybrid Title and fundamental warranty coverage alongside our M&A products, which we believe gives us a unique place in the market.
Our M&A practice now has a great opportunity for a senior underwriter to join our successful team.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be doing
As a Senior Underwriter you will play a critical role in the team, where you will focus on building our open market portfolio, underwriting transactions, negotiating policies (in particular primary W&I) and assisting with coverholder management. You will be expected to generate profitable premium and develop broker and client relationships, as we continue to grow our underwriting capabilities and market share.
What will your essential responsibilities include?
- TECHNICAL UNDERWRITING: leading and managing the underwriting process, including: analysis and assessment of broker submissions; preparing quotes for deals (in line with our underwriting appetite and guidelines); review and analysis of transaction documentation, due diligence reports and disclosure documentation; instructing and liaising with external legal counsel; drafting underwriting questions and hosting underwriting calls; and drafting and negotiating policy coverage and terms
- PORTFOLIO MANAGEMENT: monitoring and managing status of accounts, financial exposure and premium collection; maintaining compliance with all internal and external underwriting guidelines and legal requirements; supporting the business planning and forecasting process; working with our colleagues in AXA XL’s claims team to support and provide input on settlement of claims
- TEAMWORK: supporting team members through deals and day-to-day business issues; participation in round-table discussions on risk assessment; and providing leadership and training to junior colleagues
- EXECUTING UNDERWRITING STRATEGY: Achieve business unit performance goals; develop and manage underwriting strategies for growing our portfolio; identify, target and establish relationships with new clients, brokers, lawyers (whilst managing and developing existing relationships; and promoting the company's expertise by working with AXA XL colleagues and cross-marketing with other AXA XL lines
You will report to Head of M&A and Title, UK and Lloyd's
What you’ll bring
We’re looking for someone who has these abilities and skills:
Required Skills And Abilities
- Experience of transactional liability insurance (either as a broker/underwriter or from a client or adviser perspective), demonstrating technical knowledge
- Either a qualified lawyer with experience of M&A (or other corporate transactional work) or alternatively other corporate experience working in a transaction-oriented role
- Influential negotiating skills and comfort working with legal documents
- Excellent organisation, communication and interpersonal skills, with the ability to work collaboratively in a fast-paced environment with tight deadlines and deal-time pressures
Desired Skills And Abilities
- Robust sales and marketing plus customer service skills, with a proven track record in development of effective business relationships with brokers and insureds
- Ability to develop and understand business processes, strategy and planning. Able to apply business understanding and/or management experience to set direction within the segment or function
- Ability to lead in accordance with AXA XL Core Values and Culture
What we offer
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
Learn more at axaxl.com/about-us/inclusion-and-diversity. AXA XL is an Equal Opportunity Employer.
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.
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
