Underwriter - Marine Liability & Ports

Position: Underwriter I - Marine Liability & Ports
Marine Liability & Ports
- Underwriter I London, UK As an Underwriter in our established Marine Liability & Ports team, you will be responsible for delivering a profitable ‘Underwriting’ service to your clients. Your key tasks include: underwriting business across our diverse marine liability, ports and terminals portfolio, supporting the business planning and forecasting process; monitoring financial exposure  within outlined limits; monitoring premium income to ensure it remains within set limits;

maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.

What you’ll be doing What will your essential responsibilities include? Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.  Calculating appropriate risk premium by considering the risk costs inherent to our clients, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
Proactively advising, assisting, servicing, and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements. Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention. Controlling timely implementation of new and renewed accounts according to quality standards.  In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.

Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy. Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits. Maintaining awareness of all claims advised while supporting and providing input on settlement of claims. You will report to the Head of Marine Liability & Ports, UK & Lloyd’s, GCUO – Marine Liability & Ports.

What you’ll bring We’re looking for someone who has these abilities and skills:
Strong technical experience and expertise in marine liability and ports underwriting, possessing functional knowledge and skills reflective of a fully competent practitioner. Marine Insurance Industry Knowledge and Commercial/Business Acumen, preferably with experience of / exposure to Lloyds & Global markets.  Analytical, negotiation and sales/marketing skills Excellent written and oral communication skills. Excellent customer service focus is a must. Interpersonal Savvy
- Demonstrated ability to build and maintain good insured and broker contacts. Ability to develop and understand business processes, strategy and planning. Collaborative team player who provides creative solutions and ideas for resolution. What we offer InclusionAXA 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…