AXA XL ยท 18 hours ago
Senior Underwriter, Engineering & Construction Reinsurance
New York, United States
Full-time
Onsite
Mid, Senior Level
$106K/yr - $186K/yrAXA XL is known for solving complex risks, and they are seeking a Senior Reinsurance Underwriter for Engineering. The role involves underwriting and servicing profitable new and renewal business, increasing visibility and market share in the Engineering arena, and providing quality service to both internal and external customers.
ConsultingCustomer ServiceFinanceInsurance
Responsibilities
Underwrite terms and conditions of new and renewal engineering accounts by collecting, reviewing, and analyzing account information in line with risk appetite and technical assessment standards
Gain proficiency with internal pricing and modeling tools to establish appropriate pricing options for accounts across various structures within the engineering line of business
Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions as needed
Make presentations to senior management on larger or exceptional accounts, clearly articulating and supporting underwriting rationale and recommendations
Execute strategic underwriting plans aligned with premium, profitability, and service excellence objectives for the engineering portfolio
Effectively communicate with Underwriting, Actuarial, Legal, Accounting, and Underwriting Service Departments on issues such as pricing, contract wording, premium and loss bookings, and claims to ensure account profitability and compliance with corporate guidelines
Develop, maintain, and service a profitable engineering reinsurance book of business; participate in customer account renewal meetings, underwriting audits, and provide top-quality customer service to brokers and cedants
Analyze and assess facultative and facility engineering business submissions, including technical risk assessment, policy wording review, and negotiation with clients
Self-Supported analyze engineering treaty submissions, understand structures and exposures, formulate quotations and pricing, prepare underwriting approval documents, and ensure timely processing of slips and wordings
Work closely with management in executing strategies and business development activities, including identifying key brokers and markets, planning and participating in marketing activities/events with clients and brokers, and attending targeted industry conventions
Proactively generate new business opportunities by analyzing technical insurability, exposures, and coverage needs in the engineering sector
Play an important role in the growth and visibility of the engineering reinsurance team
Collaborate effectively within a team environment, contributing to a high-performance culture in line with department and business unit goals
Work closely with Actuarial, Client Advocacy, Market Leaders, and Operations to ensure effective underwriting and client solutions
Recognize broader relationships on accounts within reinsurance and take initiative on cross-selling opportunities with other departments and lines of business
Contribute to and implement actions to improve team performance and operational efficiency
Actively network with industry peers to remain current on market dynamics, emerging risks, and best practices
Conduct comprehensive risk analysis (by cedant, line of business, and country) and manage exposures; identify cedant exposures, supplement information through self-directed research, and ensure adherence to exposure and limit frameworks
Analyze, assess, and price risks utilizing actuarial tools, working in close cooperation with regional and global functions
Ensure accurate and timely data reporting in support of business and regulatory requirements
Review and analyze internal reports, loss runs, and financial statements, conducting research to determine the degree of risk for each account
Support the ongoing development of exposure and reporting tools
Qualification
Required
Underwrite terms and conditions of new and renewal engineering accounts by collecting, reviewing, and analyzing account information in line with risk appetite and technical assessment standards
Gain proficiency with internal pricing and modeling tools to establish appropriate pricing options for accounts across various structures within the engineering line of business
Negotiate competently with brokers and clients, providing constructive feedback and offering alternative risk solutions as needed
Make presentations to senior management on larger or exceptional accounts, clearly articulating and supporting underwriting rationale and recommendations
Execute strategic underwriting plans aligned with premium, profitability, and service excellence objectives for the engineering portfolio
Effectively communicate with Underwriting, Actuarial, Legal, Accounting, and Underwriting Service Departments on issues such as pricing, contract wording, premium and loss bookings, and claims to ensure account profitability and compliance with corporate guidelines
Develop, maintain, and service a profitable engineering reinsurance book of business; participate in customer account renewal meetings, underwriting audits, and provide top-quality customer service to brokers and cedants
Analyze and assess facultative and facility engineering business submissions, including technical risk assessment, policy wording review, and negotiation with clients
Self-Supported analyze engineering treaty submissions, understand structures and exposures, formulate quotations and pricing, prepare underwriting approval documents, and ensure timely processing of slips and wordings
Work closely with management in executing strategies and business development activities, including identifying key brokers and markets, planning and participating in marketing activities/events with clients and brokers, and attending targeted industry conventions
Proactively generate new business opportunities by analyzing technical insurability, exposures, and coverage needs in the engineering sector
Play an important role in the growth and visibility of the engineering reinsurance team
Collaborate effectively within a team environment, contributing to a high-performance culture in line with department and business unit goals
Work closely with Actuarial, Client Advocacy, Market Leaders, and Operations to ensure effective underwriting and client solutions
Recognize broader relationships on accounts within reinsurance and take initiative on cross-selling opportunities with other departments and lines of business
Contribute to and implement actions to improve team performance and operational efficiency
Actively network with industry peers to remain current on market dynamics, emerging risks, and best practices
Conduct comprehensive risk analysis (by cedant, line of business, and country) and manage exposures; identify cedant exposures, supplement information through self-directed research, and ensure adherence to exposure and limit frameworks
Analyze, assess, and price risks utilizing actuarial tools, working in close cooperation with regional and global functions
Ensure accurate and timely data reporting in support of business and regulatory requirements
Review and analyze internal reports, loss runs, and financial statements, conducting research to determine the degree of risk for each account
Support the ongoing development of exposure and reporting tools
Benefits
Competitive retirement savings plan
Health and wellness programs
Wide range of learning opportunities
Company
AXA XL
We are a leading provider of insurance and reinsurance offering innovative risk management solutions for businesses worldwide.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Joseph Tocco
Chief Executive Officer, Americas
Rose Hall, PE
Co-Founder, AXA XL Ecosystem
Recent News
CEE Legal Matters
2025-07-11
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