Senior Alternative Risk Solutions Underwriter (Canadian Lead)

AXA • Toronto, ON

6d • $121,700 - $171,700 • Hybrid

About The Position

The Senior Alternative Risk Solutions Underwriter (Canadian Lead) role will be a key member of a high impact growth area, pursuing the growth of AXA XL’s captive business in the North America region, and providing deal-specific alternative risk expertise to internal/external stakeholders. AXA XL offers property, casualty, financial lines and specialty insurance and reinsurance solutions for mid-sized companies through to large multinationals globally. We blend underwriting discipline, analytic excellence, and a robust market focus to create stellar partnerships with clients and brokers. AXA XL’s Alternative Risk Solutions (ARS) team combines innovative insights with proven analytical expertise to deliver tailored, intelligent risk solutions. With robust underwriting, advanced risk engineering, and global claims capabilities, we empower forward-thinking businesses to thrive. Leading organizations choose AXA XL for our responsive, experienced underwriters and proven success. At AXA XL, we can help businesses that want to manage some of their own risks. In collaboration with our Product Line teams, we can handle the largest, most complex placements, and issue local policies wherever they are needed.

Requirements

• Moderate experience in negotiating, structuring, and executing large, complex Fronting and Multinational programs.
• Deep understanding of Captives, fronting concepts, underwriting processes, and industry governance and compliance standards.
• Broad knowledge of various insurance product lines, with the ability to articulate clear value propositions to internal and external stakeholders to grow a profitable book of business.
• Proven ability to positively influence key stakeholders, including C-suite executives, across various functions and regions.
• University degree or professional insurance qualification in Actuarial, Insurance, Underwriting, Finance, or Legal fields.

Nice To Haves

• Direct experience in commercial underwriting of large commercial insurance programs, with a demonstrated ability to learn quickly.
• Excellent communication skills, both written and verbal, with the ability to clearly convey strategies, market insights, and complex ideas.
• Ability to work independently while being a collaborative team player, supporting the delivery of our value proposition and fostering effective cross-functional relationships.
• Outstanding organizational, time-management, and multi-tasking skills to manage multiple priorities efficiently.
• Willingness to travel (25-30% of time)

Responsibilities

• Collaborate with Distribution and Product Line Underwriting teams to identify and pursue new Captive Fronting opportunities through client and broker marketing, pipeline development, stewardship meetings, industry events, and strategic initiatives.
• Work closely with Product Line Underwriters and key internal stakeholders (e.g., Actuarial, Middle Office, Claims, Credit, Legal) to underwrite, structure, and service Captive Fronting placements at a high standard, including negotiating reinsurance commissions, terms, and collateral requirements.
• Serve as the technical expert on Captive solutions for new business and renewal transactions, leading elements such as deal structuring, negotiations, and post-binding activities.
• Partner with the broader account team to develop compelling deal proposals, participate in or lead pitch presentations, and coordinate across multiple coverage lines to deliver a ONE AXA XL solution.
• Ensure all Captive Fronting placements adhere to AXA XL’s Rules, Guidelines, relevant regulations, and compliance standards. Contribute to maintaining accurate portfolio reporting alongside other team members.
• Cultivate and maintain relationships within the Captive ecosystem, including Brokers, Captive Managers, Consultants, TPAs, and other vendors.
• Contribute to internal and external educational efforts related to Captive Fronting, alternative risk transfer, and other relevant AXA XL capabilities to generate new business, foster collaboration, and support cross-sell objectives.
• Support the Structured Risk Solutions (another pillar of ARS) underwriting process across all stages to ensure seamless deal execution and underwriting compliance.

Benefits

• competitive retirement savings plan
• health and wellness programs
• Flexible Working Arrangements
• Enhanced family-friendly leave benefits
• Matching Gifts program
• Volunteering Leave
• Global Day of Giving

What This Job Offers

• Job Type: Full-time
• Career Level: Senior