AXA XL
Overview
Hartford, NYC, Stamford or Philadelphia. The Ceded Reinsurance Placement Team is responsible for the purchase and the management of the global reinsurance programs at AXA XL. The Ceded Reinsurance placement team works across all business lines. The portfolio is all Treaty business with an equal split between Quota Share and Excess of Loss. The team works closely with AXA XL’s underwriting teams, legal entities, Regional and Global Leadership Teams, and Risk Management colleagues to understand AXA XL’s risk appetite limits and how to meet them. The placement team collaborates with internal and external stakeholders and participates in strategic projects as they arise, taking on lead and back-up roles as deemed appropriate. Stay up to date on coverage and legal trends to help ensure contracts protect the company from adverse or unexpected loss. What You’ll Be DOING
What will your essential responsibilities include? Support the placement process for key reinsurance placements (submission preparation, contract review, contract negotiation, handover to Ceded Re operations, etc.). Participate in negotiations to secure competitive terms, structure and pricing. Help ensure contracts reflect negotiated terms, comprehensive coverage and market leading terms and conditions. Help ensure negotiations conclude successfully on or before treaty inception. Contribute relationships inside and outside the enterprise to understand and foster their business objectives. Help ensure that all related parties understand the programs, from operational through to underwriting. Serve as a key member of the Ceded Reinsurance Placement Team. Liaise and collaborate on an ongoing basis with other Ceded Re teams (placement, operations) and AXA XL/AXA Group stakeholders to encourage innovation and continuous improvement for the placements process and approach. Participate in strategic projects as they arise, take on lead and back-up roles as deemed appropriate. Stay up to date on coverage and legal trends to help ensure contracts protect the company from adverse or unexpected loss. What You Will BRING
We’re looking for someone who has these abilities and skills: First Reinsurance experience is essential for this role and previous experience of Ceded Reinsurance is highly beneficial. Understanding of Reinsurance contract wordings including formation and interpretation. Able to contribute to data and analytical skills for the ability to manage large submission data sets. Appreciate capital modelling and actuarial analysis in the purchase of reinsurance is beneficial. Effective Communication: Excellent verbal and written communication, collaboration and presentation skills. Ability to negotiate reinsurance business externally. Able to work across a global team; showing collaboration with peers and other team members. Mental Agility: Innovative thinker, willing to turn ideas on their head. Capable of handling complex situations. Knowledge of Specialty, Property and Casualty Insurance and Reinsurance. Technical orientation. Ability to work to tight placement process deadlines to ensure placement is completed in a timely fashion. Some travel required including domestic and international. 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 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 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. 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. 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. 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: Resilient ecosystems are essential to our future. We’re committed to protecting and restoring nature by increasing biodiversity awareness and inspiring clients and colleagues to consider nature in plans. Addressing climate change: We’re building a net zero strategy, developing insurance products and services, and advancing thought leadership and investment in societal-led solutions. Integrating ESG: All companies have a role to play in building a more resilient future. We’re training colleagues, engaging external partners, and evolving sustainability governance and reporting. AXA Hearts in Action: Volunteering and charitable giving programs to support causes that matter, including Matching Gifts, Volunteering Leave, and Global Day of Giving. For more information, please see Sustainability at AXA XL. The U.S. base salary range for this position is $92,600 to $145,500 USD. 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. References to additional roles or postings are not part of the job description and are omitted for clarity.
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Hartford, NYC, Stamford or Philadelphia. The Ceded Reinsurance Placement Team is responsible for the purchase and the management of the global reinsurance programs at AXA XL. The Ceded Reinsurance placement team works across all business lines. The portfolio is all Treaty business with an equal split between Quota Share and Excess of Loss. The team works closely with AXA XL’s underwriting teams, legal entities, Regional and Global Leadership Teams, and Risk Management colleagues to understand AXA XL’s risk appetite limits and how to meet them. The placement team collaborates with internal and external stakeholders and participates in strategic projects as they arise, taking on lead and back-up roles as deemed appropriate. Stay up to date on coverage and legal trends to help ensure contracts protect the company from adverse or unexpected loss. What You’ll Be DOING
What will your essential responsibilities include? Support the placement process for key reinsurance placements (submission preparation, contract review, contract negotiation, handover to Ceded Re operations, etc.). Participate in negotiations to secure competitive terms, structure and pricing. Help ensure contracts reflect negotiated terms, comprehensive coverage and market leading terms and conditions. Help ensure negotiations conclude successfully on or before treaty inception. Contribute relationships inside and outside the enterprise to understand and foster their business objectives. Help ensure that all related parties understand the programs, from operational through to underwriting. Serve as a key member of the Ceded Reinsurance Placement Team. Liaise and collaborate on an ongoing basis with other Ceded Re teams (placement, operations) and AXA XL/AXA Group stakeholders to encourage innovation and continuous improvement for the placements process and approach. Participate in strategic projects as they arise, take on lead and back-up roles as deemed appropriate. Stay up to date on coverage and legal trends to help ensure contracts protect the company from adverse or unexpected loss. What You Will BRING
We’re looking for someone who has these abilities and skills: First Reinsurance experience is essential for this role and previous experience of Ceded Reinsurance is highly beneficial. Understanding of Reinsurance contract wordings including formation and interpretation. Able to contribute to data and analytical skills for the ability to manage large submission data sets. Appreciate capital modelling and actuarial analysis in the purchase of reinsurance is beneficial. Effective Communication: Excellent verbal and written communication, collaboration and presentation skills. Ability to negotiate reinsurance business externally. Able to work across a global team; showing collaboration with peers and other team members. Mental Agility: Innovative thinker, willing to turn ideas on their head. Capable of handling complex situations. Knowledge of Specialty, Property and Casualty Insurance and Reinsurance. Technical orientation. Ability to work to tight placement process deadlines to ensure placement is completed in a timely fashion. Some travel required including domestic and international. 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 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 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. 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. 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. 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: Resilient ecosystems are essential to our future. We’re committed to protecting and restoring nature by increasing biodiversity awareness and inspiring clients and colleagues to consider nature in plans. Addressing climate change: We’re building a net zero strategy, developing insurance products and services, and advancing thought leadership and investment in societal-led solutions. Integrating ESG: All companies have a role to play in building a more resilient future. We’re training colleagues, engaging external partners, and evolving sustainability governance and reporting. AXA Hearts in Action: Volunteering and charitable giving programs to support causes that matter, including Matching Gifts, Volunteering Leave, and Global Day of Giving. For more information, please see Sustainability at AXA XL. The U.S. base salary range for this position is $92,600 to $145,500 USD. 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. References to additional roles or postings are not part of the job description and are omitted for clarity.
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