AXA XL
Senior Underwriter, Engineering & Construction Reinsurance
AXA XL, New York, New York, us, 10261
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Senior Underwriter, Engineering & Construction Reinsurance
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AXA XL As a Senior Reinsurance Underwriter for Engineering, 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 Engineering 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 Underwrite terms and conditions of new and renewal engineering accounts by collecting, reviewing, and analyzing account information in line with risk appetite and technical assessment standards. Gain proficiency with internal pricing and modeling tools to establish appropriate pricing options for accounts across various structures within the engineering line of business. Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions as needed. Make presentations to senior management on larger or exceptional accounts, clearly articulating and supporting underwriting rationale and recommendations. Execute strategic underwriting plans aligned with premium, profitability, and service excellence objectives for the engineering portfolio. Effectively communicate with Underwriting, Actuarial, Legal, Accounting, and Underwriting Service Departments on issues such as pricing, contract wording, premium and loss bookings, and claims to ensure account profitability and compliance with corporate guidelines. Develop, maintain, and service a profitable engineering reinsurance book of business; participate in customer account renewal meetings, underwriting audits, and provide top-quality customer service to brokers and cedants. Analyze and assess facultative and facility engineering business submissions, including technical risk assessment, policy wording review, and negotiation with clients. Self-Supported analyze engineering treaty submissions, understand structures and exposures, formulate quotations and pricing, prepare underwriting approval documents, and ensure timely processing of slips and wordings. Business Development
Work closely with management in executing strategies and business development activities, including identifying key brokers and markets, planning and participating in marketing activities/events with clients and brokers, and attending targeted industry conventions. Proactively generate new business opportunities by analyzing technical insurability, exposures, and coverage needs in the engineering sector. Play an important role in the growth and visibility of the engineering reinsurance team. Collaboration
Collaborate effectively within a team environment, contributing to a high-performance culture in line with department and business unit goals. Work closely with Actuarial, Client Advocacy, Market Leaders, and Operations to ensure effective underwriting and client solutions. Recognize broader relationships on accounts within reinsurance and take initiative on cross-selling opportunities with other departments and lines of business. Contribute to and implement actions to improve team performance and operational efficiency. Actively network with industry peers to remain current on market dynamics, emerging risks, and best practices. Risk Analysis & Reporting
Conduct comprehensive risk analysis (by cedant, line of business, and country) and manage exposures; identify cedant exposures, supplement information through self-directed research, and ensure adherence to exposure and limit frameworks. Analyze, assess, and price risks utilizing actuarial tools, working in close cooperation with regional and global functions. Ensure accurate and timely data reporting in support of business and regulatory requirements. Review and analyze internal reports, loss runs, and financial statements, conducting research to determine the degree of risk for each account. Support the ongoing development of exposure and reporting tools. You will report directly to the Head of Property Facultative Reinsurance. 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. What we offer 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. 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 Inclusion & Diversity at AXA XL | AXA XL. 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. 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. 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. Addressing climate change: The effects of a changing climate are far-reaching and significant. Integrating ESG: All companies have a role to play in building a more resilient future. AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them. The U.S. base salary range for this position is USD 106,200 - 186,500. Actual pay will be determined based upon the individual’s skills, experience and location.
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Senior Underwriter, Engineering & Construction Reinsurance
role at
AXA XL As a Senior Reinsurance Underwriter for Engineering, 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 Engineering 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 Underwrite terms and conditions of new and renewal engineering accounts by collecting, reviewing, and analyzing account information in line with risk appetite and technical assessment standards. Gain proficiency with internal pricing and modeling tools to establish appropriate pricing options for accounts across various structures within the engineering line of business. Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions as needed. Make presentations to senior management on larger or exceptional accounts, clearly articulating and supporting underwriting rationale and recommendations. Execute strategic underwriting plans aligned with premium, profitability, and service excellence objectives for the engineering portfolio. Effectively communicate with Underwriting, Actuarial, Legal, Accounting, and Underwriting Service Departments on issues such as pricing, contract wording, premium and loss bookings, and claims to ensure account profitability and compliance with corporate guidelines. Develop, maintain, and service a profitable engineering reinsurance book of business; participate in customer account renewal meetings, underwriting audits, and provide top-quality customer service to brokers and cedants. Analyze and assess facultative and facility engineering business submissions, including technical risk assessment, policy wording review, and negotiation with clients. Self-Supported analyze engineering treaty submissions, understand structures and exposures, formulate quotations and pricing, prepare underwriting approval documents, and ensure timely processing of slips and wordings. Business Development
Work closely with management in executing strategies and business development activities, including identifying key brokers and markets, planning and participating in marketing activities/events with clients and brokers, and attending targeted industry conventions. Proactively generate new business opportunities by analyzing technical insurability, exposures, and coverage needs in the engineering sector. Play an important role in the growth and visibility of the engineering reinsurance team. Collaboration
Collaborate effectively within a team environment, contributing to a high-performance culture in line with department and business unit goals. Work closely with Actuarial, Client Advocacy, Market Leaders, and Operations to ensure effective underwriting and client solutions. Recognize broader relationships on accounts within reinsurance and take initiative on cross-selling opportunities with other departments and lines of business. Contribute to and implement actions to improve team performance and operational efficiency. Actively network with industry peers to remain current on market dynamics, emerging risks, and best practices. Risk Analysis & Reporting
Conduct comprehensive risk analysis (by cedant, line of business, and country) and manage exposures; identify cedant exposures, supplement information through self-directed research, and ensure adherence to exposure and limit frameworks. Analyze, assess, and price risks utilizing actuarial tools, working in close cooperation with regional and global functions. Ensure accurate and timely data reporting in support of business and regulatory requirements. Review and analyze internal reports, loss runs, and financial statements, conducting research to determine the degree of risk for each account. Support the ongoing development of exposure and reporting tools. You will report directly to the Head of Property Facultative Reinsurance. 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. What we offer 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. 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 Inclusion & Diversity at AXA XL | AXA XL. 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. 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. 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. Addressing climate change: The effects of a changing climate are far-reaching and significant. Integrating ESG: All companies have a role to play in building a more resilient future. AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them. The U.S. base salary range for this position is USD 106,200 - 186,500. Actual pay will be determined based upon the individual’s skills, experience and location.
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