Senior W&I Underwriter - UK & Lloyd's
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, which allows us also to provide hybrid Title and fundamental warranty coverage alongside our M&A products.
_This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
_What you’ll be doing
We are seeking an experienced M&A practitioner to lead and develop our primary W&I product offering and build our open market portfolio. You will be expected to generate profitable premium, build broker and client relationships and train and develop our junior colleagues, as we seek to grow our underwriting capabilities and market share.
What will your essential responsibilities include?
- TECHNICAL UNDERWRITING: leading and managing the underwriting process for primary W&I placements, including: analysis and assessment of broker submissions; preparing quotes (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: providing leadership, support and training to junior colleagues; participating in round-table risk assessment and submission discussions
- EXECUTING UNDERWRITING STRATEGY: Achieve business unit performance goals; develop and manage underwriting strategies; identify, target and establish relationships with new clients, brokers and lawyers (whilst managing and developing exi...
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