Head of Construction Lloyd's

London, United Kingdom

AXA XL's culture of profitable growth is the core when executing consistent underwriting standards, practices and procedures. As Head of a Product/Region you will act as the leader for your ‘business stream’ and will be responsible for developing and assessing the core underwriting strategic direction and product profitability for your function and/or region. This role is considered both a technical and customer-facing position, working hand-in-hand with internal clients and meeting with key brokers to support the unit's underwriting and marketing strategies.

You will work closely with the Global Chief Underwriting Office (GCUO) and the Regional CUO to achieve financial objectives and be responsible for all underwriting activities.

What will your essential responsibilities include?

• In concert with the Chief Underwriting Officer, you will be responsible for developing an annual business plan that is consistent with AXA XL’s overall underwriting strategies and objectives.
• Continually monitor objectives for financial, marketing and client satisfaction success and provide guidance immediately when trending against plan.
• Set and drive strategic and operational objectives that will result in early “wins” to achieve short-term success but not at the cost of jeopardizing annual or long-term goals.
• Develop data tools and analytic reports; leveraging underwriting’s central capabilities, to allow for ongoing monitoring of product performance, budgets and forecasts.
• Collaborating with the business line leaders to identify and develop centers of excellence among underwriters for specific industries (e.g., technology, energy, life science, etc.).
• Driving new product development process in anticipation of market need (form and endorsement development) in conjunction with product management and others.
• Driving Underwriting Excellence to support and ensure profitable growth by:
• Achieving business plan financial objectives and profitable growth as approved by senior management.
• Developing and implementing strategic underwriting plans for the segment or region, aligned with current and long-term objectives.
• Working with the business line leaders to develop the underwriting appetite, segmentation strategy and portfolio management.
• Being an integral part of the underwriting process with focus on risk selection, structure and pricing.
• Maintaining and modifying underwriting policies, procedures and authority guidelines as required to enable underwriters to profitably achieve financial goals and maximize AXA XL's opportunities.
• Provide leadership to the team.
• Collaborating with the Actuarial team, to improve pricing models and analytics necessary to support profitable risk selection and growth.
• Leading audit/review process of the functional units to ensure technical compliance through adequate underwriting controls.
• Preserve and enhance profitability through the development of sophisticated underwriting and analytic techniques, pricing discipline, competitive analysis and the development of performance metrics and controls
• Support product management and innovation by developing analytical rigor, capabilities and processes that will enable the team to achieve their growth and profitability targets
• Ensure underwriting objectives, limits, product and product enhancements are all consistent with AXA XL’s overall casualty strategy
• Through regular communication discuss meeting underwriting excellence objectives through audits and loss activity consistent within AXA XL
• Assisting in producer relationships and maintaining visibility in the market:
• Working with the underwriting managers, sales and regional leaders to achieve cross selling objectives and…