Underwriter I - Healthcare

London, UK

This opportunity is within the Healthcare Team within the London Wholesale Casualty unit. The Healthcare team write a mix of open market Insured’s and delegated contracts predominantly domiciled within the US. Segments of the business include Hospitals, Long Term Care, Correctional, Physicians, and Life Science. Business is written using both the Lloyd’s and Company stamp and is predominantly written on a Primary and Lead business. This business has been written in London for 25+ years. The team is led by Glen Secular and consists of 3 Underwriters and an Assistant Underwriter based in London and two Underwriting Assistants based in Ipswich. The business is supported by Claims, Actuarial, Finance, and Risk Consulting, who are a key part of the process given the complex Insured’s written. The team are a key player in the market and will lead off Quota Share placements.

At this level the role holder supports the underwriting operations within the central region in accordance with corporate and divisional guidelines. This includes but is not limited to portfolio profitability, account pricing, portfolio rate change, renewal retention, marketing, new business production, development of broker and client management. They will ensure strategic growth and development of the business in line with company objectives while retaining Clients. The role holder is required to maintain visibility in the community thereby reinforcing AXA XL’s brand in the community. Travel to accomplish this objective is expected.

The role holder will support AXA XL’s cross-sell objectives by understanding capabilities across other lines of business and maintaining open communication with colleagues in other departments.

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

What you’ll be doing

Joining AXA XL as an Underwriter you will have the opportunity to work with a wide range of clients to provide an innovative and bespoke underwriting service. Each risk we consider is unique which means our clients and Brokers should enjoy a best practice, market leading experience of working with us.

In your underwriting role you will be responsible for writing new and renewal business for an allocated range of clients across the book, working with Brokers and direct clients, in support of the profitable growth of the book. The role will include providing innovative pricing and policy wordings, supporting any claims within your client base and monitoring exposure levels with the respective Actuarial and Claims teams.

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
• Calculating appropriate risk premium by considering the risk costs inherent to the sector, reinsurance cessions as well as the Underwriting and general ad...

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