Job Description
Permanent in Zurich, Switzerland or Paris, France The Underwriter will, under direction of assigned manager and in accordance with established procedures: underwrite and maintain/service profitable new and renewal business exercising resilient judgment based on comprehensive knowledge of policy form terms and conditions and coverage intent; increase our market share, our visibility, and solidify our position as a leader in the marketplace by participating in marketing activities; be dedicated to maximizing the efficiency of the group, maintaining morale, and providing quality service to internal and external customers
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime
What you’ll be doing What will your essential responsibilities include
Analyze, evaluate, and underwrite highly complex and/or high-volume Reinsurance risks, and develop customized coverage solutions
Develop innovative and sophisticated contract structures to meet specific client requirements for large and specialty risks
Preparation and documentation of quotes and contract documents
Responsibility for maintaining and ensuring the quality of contract documents, as well as compliance with all standards, including wording Establishing, maintaining, and expanding key client and broker relationships, in our core European markets, at the decision-maker level, as well as for key brokers and major clients; leading negotiations in important client meetings; determining terms and contract details to ensure the sustainable and strategic maintenance of business partnerships Actively shaping new and strategic business opportunities
Responsibility for the strategic management of the client portfolio with a focus on sustainable profitability and risk diversification, as well as new client business
Development of concepts to optimize the business and risk structure
Proactive interface management (Claims, Operations, and Risk Consulting) as well as active management of projects (including cross-functional and international ones) Submitting proposals for new, even complex, product solutions, as well as collaborating on and supporting further development or changes within the area of responsibility, including internationally
Depending on the line of business, this may also include in-house product development You will report to Head of Property Facultative International Re
What you’ll bring We’re looking for someone who has these abilities and skills: Required Skills and Abilities: Several years of professional experience in underwriting within the (international) commercial (Re-)insurance sector, specifically in the property line, or comparable experience at a brokerage firm or in the industry
Expertise in large commercial risks and specialty risks and facultative reinsurance
Extensive experience in placing international programs
Very good knowledge of policy wording, product development, and insurance law Fluent command of English; Highly proficient working command of German (due to the intensive cooperation with German colleagues and clients); French or any additional European language is a plus Outstanding skills in managing an underwriting portfolio, including pricing, calculation, and risk assessment and evaluation, to strategically steer the underwriting portfolio Excellent sales and commercial acumen with a passion for growing the insurance business
Outstanding aptitude for numbers and analytical skills to drive the sustainable growth of the reinsurance business Extensive experience working with major industrial clients
Highly resilient and professional in establishing, expanding, and maintaining long-term, strategic client relationships
Excellent negotiation skills, outstanding relationship management, and very persuasive communication skills for building sustainable partnerships, including in an international setting
Outstanding ability to analyze complex tasks in a structured manner, set priorities, and efficiently manage work processes
Exceptional teamwork skills to collaborate effectively in international, multicultural, and virtual teams and develop sustainable solutions
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 and succeed
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 axaxl.com/about-us/inclusion-and-diversity
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
In an ever-changing world, AXA XL protects what matters most for our clients and communities
We know that sustainability is at the root of a more resilient future
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: How we impact nature affects how nature impacts us
Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future
We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans
Addressing climate change: The effects of a changing climate are far-reaching and significant
Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption
We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions
Integrating ESG: All companies have a role to play in building a more resilient future
Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business
We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting
AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs
These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving
For more information, please see axaxl.com/sustainability
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