Underwriter II - Energy Transition, UK & Lloyd's

AXA XL is looking for an Underwriter with experience in writing Renewable risks as part of an overall

energy transition (ET) business portfolio.

The energy transition is integral to the drive towards a more sustainable global economy. Supporting the

transition is a key part of our climate and sustainability strategy at AXA XL

AXA XL’s energy transition work begins, naturally, with the energy portfolio - but this is a drive that affects

the entire economy. And to help enable this transition, there are, in effect, three pillars that our energy

transition activities and ambitions must straddle; products and services; distribution; and capability and

learning and development.

This is a difficult area for underwriting; it will require an agile mindset, balancing a portfolio approach

with the fundamentals of underwriting - whilst maintaining a keen eye on profitability. The right

candidate will be able to draw upon a solid background of technical underwriting in engineering /

renewables / power, or a similarly complex line of business.

AXA XL has been underwriting coverage for renewable energy projects, particularly solar, wind and hydroelectric operations, for some years now. And we are actively working with clients to provide coverage for a

wide range of renewable energy technologies and operations, from windfarms to hydrogen production, to

bioenergy to carbon capture underground sto

rage (CCUS) and many others.

You will have the support of highly qualified & experienced Energy Transition risk engineers to keep

abreast of the latest developments in technology, and actuaries to help you quantify and price these risks.

You will also be working alongside an established team of Upstream , Downstream , Power and

Construction underwriters.

The ET book will be the cornerstone to helping to meet AXA XL’s net-zero underwriting goals and a key

contributor to its wider energy transition journey. It will be important to be visible and approachable to

brokers and clients alike. Effective verbal and written communication skills, along with collaborative

behaviour will be essential to the role.

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

What you’ll be doing

As an Underwriter II, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. You key tasks include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.

What will your essential responsibilities include?

• Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.

Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.

You will report to the Underwriting Manager, Energy Transition - UK and Lloyd's

What you’ll bring

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

• Demonstrated Underwriting experience within Energy Transition and Renewables
• Under technical direction, works within significant limits and authority on assignments of higher technical complexity and coordination.
• Possesses demonstrated technical underwriting knowledge and skills, including product and industry, reflective of successful progression through various job family levels.
• Advanced analytical, project and research skills.
• Excellent written and oral communication skills.
• Interpersonal Savvy - Demonstrated ability to build and maintain robust insured and broker contacts.
• Ability to develop and understand business processes, strategy and planning.
• Collaborative team player who provides creative solutions and ideas for resolution
  
  

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

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