Underwriter, Treaty Reinsurance Professional Liability and Cyber
AXA Group, Stamford, CT, United States
As a Treaty Reinsurance Underwriter for Professional Liability and Cyber, you will, under direction of the Manager and in accordance with established procedures and underwriting authority, underwrite and maintain/service profitable new and renewal business exercising self-supported judgment based on comprehensive analysis of reinsurance submissions including terms, conditions and coverage intent; increase our visibility and market share in the Professional Liability arena via targeted marketing activities; be dedicated to maximizing the efficiency of the group and providing quality service to internal and external customers.
What you’ll be doing
What will your essential responsibilities include?
Underwriting:
Underwrite terms and conditions of new and renewal accounts by collecting, reviewing, and analyzing account information in conjunction with proper risk assessment in line with risk appetite
Gain proficiency with our internal pricing and modeling tools to establish appropriate pricing options on accounts in various structures and lines of business
Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions when needed
Make presentations to senior management on larger accounts outside of underwriting authority with ability to articulate and support thought processes in a clear, cohesive and succinct manner
Execute strategic underwriting plans aligned with premium and profitability objectives and service excellence
Effectively communicate with Underwriting, Actuarial, Legal, Accounting and Underwriting Service Departments on issues that involve pricing, contract wording, premium and loss bookings as well as claims to ensure profitability of accounts and compliance with corporate guidelines
Develop, maintain and service a profitable book of business; participate in customer account renewal meetings and underwriting audits; and provide top quality customer service to brokers and cedants.
Ability to market and travel up to 30% to brokers and clients
Business Development:
Work closely with the Manager in the execution of strategy and business development activities including but not limited to: identification of key brokers and markets; planning and participation in marketing activities/events with clients and brokers as well as attending targeted industry conventions; completion and implementation of action plans from marketing activities; accompany other Professional Liability underwriters on broker/client visits as needed; and play an important role in the growth and visibility of the Team in the Professional Liability space.
Actively participate in underwriting meetings, management presentations, and industry conferences, whether conducted physically or virtually. This task focuses on maintaining high professional standards representing AXA XL while gathering the critical intelligence needed to assess a ceding company’s quality
Collaboration:
Work effectively in a team setting; including actuarial and claims to contribute to the creation and sustenance of a high-performance team by embracing and understanding department and business unit goals
Work cohesively with the actuarial department utilizing risk modeling tools and analyzing and interpreting actuarial data (including loss development triangles)
Recognize broader relationships on accounts within reinsurance outside of US Professional Liability when assessing risks and communicating accordingly and take initiative on cross-selling opportunities with other departments and lines of business
Contribute to and implement actions to improve performance and efficiency
Actively network with industry peers to keep current on market dynamics
Other Responsibilities:
Perform other related duties including general administration of department affairs
Complete special projects and other functions, as required
You will report directly to the Head of Professional Liability.
What you’ll bring
We’re looking for someone who has these abilities and skills:
Relevant experience in primary professional or cyber underwriting
Treaty or facultative reinsurance preferred
Professional qualifications (ARe, CPCU, etc.) preferred
Excellent understanding of insurance and/or reinsurance markets, placement structures and underwriting approaches
Bachelor of Art or Bachelor of Science degree in Business, Management, Finance or related field from an accredited college/university
Experience and established relationships with both large and boutique insurance and/or reinsurance brokers/broking firms as well as having well developed network of ceding company contacts, a plus
Significant experience in the rating and analysis of pro rate and excess of loss business preferred
Knowledge of reinsurance contracts and associated market practices a plus
Math aptitude and robust PC skills
In depth knowledge and understanding of external rating and exposure models including but not limited to RMS and AIR
Core Competencies : Underwriter must be detail oriented and accurate; have demonstrated organizational skills and flexibility; have excellent verbal and written communication skills as well as interpersonal skills; ability to present to customers and clients in a confident and effective manner; have the ability to apply creative, analytical and mathematical skills to problem-solving; have the ability to work self-directed and take initiative without being prompted; have excellent customer focus, responsiveness and multi-tasking abilities; be team-oriented and appreciate cross functional interdependencies; have a consistent commitment to excellence and proven leadership skills; and have the ability to work in a fast paced environment and respond quickly and intelligently on accounts and issues without direction.
What we offer
Inclusion
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
AXA XL is an Equal Opportunity Employer.
Total Rewards
The U.S. base salary range for this position is USD 102,000 - 170,000. Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay. At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details about AXA XL’s benefits offerings, please visit.
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What you’ll be doing
What will your essential responsibilities include?
Underwriting:
Underwrite terms and conditions of new and renewal accounts by collecting, reviewing, and analyzing account information in conjunction with proper risk assessment in line with risk appetite
Gain proficiency with our internal pricing and modeling tools to establish appropriate pricing options on accounts in various structures and lines of business
Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions when needed
Make presentations to senior management on larger accounts outside of underwriting authority with ability to articulate and support thought processes in a clear, cohesive and succinct manner
Execute strategic underwriting plans aligned with premium and profitability objectives and service excellence
Effectively communicate with Underwriting, Actuarial, Legal, Accounting and Underwriting Service Departments on issues that involve pricing, contract wording, premium and loss bookings as well as claims to ensure profitability of accounts and compliance with corporate guidelines
Develop, maintain and service a profitable book of business; participate in customer account renewal meetings and underwriting audits; and provide top quality customer service to brokers and cedants.
Ability to market and travel up to 30% to brokers and clients
Business Development:
Work closely with the Manager in the execution of strategy and business development activities including but not limited to: identification of key brokers and markets; planning and participation in marketing activities/events with clients and brokers as well as attending targeted industry conventions; completion and implementation of action plans from marketing activities; accompany other Professional Liability underwriters on broker/client visits as needed; and play an important role in the growth and visibility of the Team in the Professional Liability space.
Actively participate in underwriting meetings, management presentations, and industry conferences, whether conducted physically or virtually. This task focuses on maintaining high professional standards representing AXA XL while gathering the critical intelligence needed to assess a ceding company’s quality
Collaboration:
Work effectively in a team setting; including actuarial and claims to contribute to the creation and sustenance of a high-performance team by embracing and understanding department and business unit goals
Work cohesively with the actuarial department utilizing risk modeling tools and analyzing and interpreting actuarial data (including loss development triangles)
Recognize broader relationships on accounts within reinsurance outside of US Professional Liability when assessing risks and communicating accordingly and take initiative on cross-selling opportunities with other departments and lines of business
Contribute to and implement actions to improve performance and efficiency
Actively network with industry peers to keep current on market dynamics
Other Responsibilities:
Perform other related duties including general administration of department affairs
Complete special projects and other functions, as required
You will report directly to the Head of Professional Liability.
What you’ll bring
We’re looking for someone who has these abilities and skills:
Relevant experience in primary professional or cyber underwriting
Treaty or facultative reinsurance preferred
Professional qualifications (ARe, CPCU, etc.) preferred
Excellent understanding of insurance and/or reinsurance markets, placement structures and underwriting approaches
Bachelor of Art or Bachelor of Science degree in Business, Management, Finance or related field from an accredited college/university
Experience and established relationships with both large and boutique insurance and/or reinsurance brokers/broking firms as well as having well developed network of ceding company contacts, a plus
Significant experience in the rating and analysis of pro rate and excess of loss business preferred
Knowledge of reinsurance contracts and associated market practices a plus
Math aptitude and robust PC skills
In depth knowledge and understanding of external rating and exposure models including but not limited to RMS and AIR
Core Competencies : Underwriter must be detail oriented and accurate; have demonstrated organizational skills and flexibility; have excellent verbal and written communication skills as well as interpersonal skills; ability to present to customers and clients in a confident and effective manner; have the ability to apply creative, analytical and mathematical skills to problem-solving; have the ability to work self-directed and take initiative without being prompted; have excellent customer focus, responsiveness and multi-tasking abilities; be team-oriented and appreciate cross functional interdependencies; have a consistent commitment to excellence and proven leadership skills; and have the ability to work in a fast paced environment and respond quickly and intelligently on accounts and issues without direction.
What we offer
Inclusion
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
AXA XL is an Equal Opportunity Employer.
Total Rewards
The U.S. base salary range for this position is USD 102,000 - 170,000. Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay. At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details about AXA XL’s benefits offerings, please visit.
#J-18808-Ljbffr