Assistant Underwriter - Upstream Energy

Assistant Underwriter - Upstream Energy

London, UK

The Upstream Energy team are looking for someone to join them as an Assistant Underwriter. The role offers the chance to learn from one of the largest & most technical Upstream underwriting teams in the London market.

The ideal candidate will have relevant experience / education, either in the fields of Upstream Energy, Offshore Renewable Wind or from working in an underwriting or broking team.

Upstream Energy forms part of the wider London Energy division, which also includes Energy Liability, Downstream Energy & Power as well as Energy Transition meaning that there is ample opportunity to learn more about the wider Energy insurance segment.

The Upstream Energy portfolio is sizeable and consists of our core Exploration & Production clients, Drilling Contractors & Offshore Renewable Wind. Principle coverages include Property Damage, Control of Well, Loss of Production income, Offshore Construction, US Named Windstorm & Third-Party Liabilities.

AxaXL enjoys a solid leadership position and a market leading line size of up to $400m and offers exceptional career development opportunities.

As an Assistant Underwriter you will be responsible for working with the underwriters to deliver an exceptional service to our clients and a profitable underwriting result to the business. Your key tasks will include:

• Supporting the underwriting team in risk selection, pricing of risks, document comparisons & reviews
• Working with our operations team to ensure accurate business reporting
• Monitor risk exposure within outlined limits
• Building an effective network with brokers and, in time, clients
• Representing AxaXL at external events, including market presentations
• Develop your skills as an underwriter for the future

What will your essential responsibilities include?

• Reviewing submissions including policy wordings, loss history and financial reports, supporting underwriters to determine the degree of risk associated for each account.
• Proactively assisting with the servicing of accounts to ensure satisfaction and fulfillment of insurance requirements.
• Effective relationship management internally and externally.
• Working with our ESS team to close and book business in a timely fashion and according to internal standards.

You will report to the Head of Upstream Energy.

We’re looking for someone who has these abilities and skills:

• Experience in the wider insurance business
• Analytical skills
• Excellent written and oral communication skills.
• Excellent interpersonal skills:candidate should be able to demonstrate the ability to build and maintain good working relationships.
• Be able to understand the AXA XL (or similar) business processes, strategy and planning.

Collaborative team player who can think laterally and contribute ideas for problem resolution

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 and 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  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.

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