Underwriter, Treaty Reinsurance Professional Liability and Cyber

AXA•Stamford, CT

About The Position

As a Treaty Reinsurance Underwriter for Professional Liability and Cyber, you will underwrite and maintain/service profitable new and renewal business, exercising self-supported judgment based on comprehensive analysis of reinsurance submissions including terms, conditions and coverage intent. The role involves increasing market visibility and share in the Professional Liability arena through targeted marketing activities, and is dedicated to maximizing group efficiency and providing quality service to internal and external customers. This position operates under the direction of the Manager and in accordance with established procedures and underwriting authority.

Requirements

Relevant experience in primary professional or cyber underwriting
Excellent understanding of insurance and/or reinsurance markets, placement structures and underwriting approaches
Bachelor of Art or Bachelor of Science degree in Business, Management, Finance or related field from an accredited college/university
Math aptitude and robust PC skills
In depth knowledge and understanding of external rating and exposure models including but not limited to RMS and AIR
Detail oriented and accurate
Demonstrated organizational skills and flexibility
Excellent verbal and written communication skills as well as interpersonal skills
Ability to present to customers and clients in a confident and effective manner
Ability to apply creative, analytical and mathematical skills to problem-solving
Ability to work self-directed and take initiative without being prompted
Excellent customer focus, responsiveness and multi-tasking abilities
Team-oriented and appreciate cross functional interdependencies
Consistent commitment to excellence and proven leadership skills
Ability to work in a fast paced environment and respond quickly and intelligently on accounts and issues without direction

Nice To Haves

Treaty or facultative reinsurance preferred
Professional qualifications (ARe, CPCU, etc.) preferred
Experience and established relationships with both large and boutique insurance and/or reinsurance brokers/broking firms as well as having well developed network of ceding company contacts, a plus
Significant experience in the rating and analysis of pro rate and excess of loss business preferred
Knowledge of reinsurance contracts and associated market practices a plus

Responsibilities

Underwrite terms and conditions of new and renewal accounts by collecting, reviewing, and analyzing account information in conjunction with proper risk assessment in line with risk appetite
Gain proficiency with our internal pricing and modeling tools to establish appropriate pricing options on accounts in various structures and lines of business
Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions when needed
Make presentations to senior management on larger accounts outside of underwriting authority with ability to articulate and support thought processes in a clear, cohesive and succinct manner
Execute strategic underwriting plans aligned with premium and profitability objectives and service excellence
Effectively communicate with Underwriting, Actuarial, Legal, Accounting and Underwriting Service Departments on issues that involve pricing, contract wording, premium and loss bookings as well as claims to ensure profitability of accounts and compliance with corporate guidelines
Develop, maintain and service a profitable book of business; participate in customer account renewal meetings and underwriting audits; and provide top quality customer service to brokers and cedants
Ability to market and travel up to 30% to brokers and clients
Work closely with the Manager in the execution of strategy and business development activities including but not limited to: identification of key brokers and markets; planning and participation in marketing activities/events with clients and brokers as well as attending targeted industry conventions; completion and implementation of action plans from marketing activities; accompany other Professional Liability underwriters on broker/client visits as needed; and play an important role in the growth and visibility of the Team in the Professional Liability space
Actively participate in underwriting meetings, management presentations, and industry conferences, whether conducted physically or virtually. This task focuses on maintaining high professional standards representing AXA XL while gathering the critical intelligence needed to assess a ceding company’s quality
Work effectively in a team setting; including actuarial and claims to contribute to the creation and sustenance of a high-performance team by embracing and understanding department and business unit goals
Work cohesively with the actuarial department utilizing risk modeling tools and analyzing and interpreting actuarial data (including loss development triangles)
Recognize broader relationships on accounts within reinsurance outside of US Professional Liability when assessing risks and communicating accordingly and take initiative on cross-selling opportunities with other departments and lines of business
Contribute to and implement actions to improve performance and efficiency
Actively network with industry peers to keep current on market dynamics
Perform other related duties including general administration of department affairs
Complete special projects and other functions, as required

Benefits

Commitment to equal employment opportunity and consideration regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic
Inclusive culture that enables business growth and is critical to success
Strategic commitment to attract, develop, advance and retain the most inclusive workforce possible
Culture where everyone can bring their full selves to work and reach their highest potential
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
Competitive compensation
Personalized, inclusive benefits that evolve as you do
Commitment to rewarding your contribution for the long term
Competitive retirement savings plan
Health and wellness programs
Wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers