Underwriter II, Equipment Breakdown

6 days ago Be among the first 25 applicants

What will your essential responsibilities include?

• Develop and structure tailor‑made solutions through our risk transfer products, in accordance with the Equipment Breakdown Underwriting Guidelines and relevant best practices, to enhance our customer and broker experience.
• Procure new business opportunities through effective marketing strategies designed around supporting our key brokers, wholesalers and regional brokers, fostering new broker relationships, and meeting with prospective clients.
• Evaluate appropriate risk premium by considering the risk costs, inherent to the Equipment Breakdown sector, reinsurance cessions as well as the underwriting and general administration costs to ensure profitability.
• Utilize effective sales and negotiating skills to bring new business and renewal transactions to a successful close.
• Initiate and collaborate internally with other business units to uncover and pursue cross‑sell opportunities.
• Manage timely implementation of new and renewal accounts, including but not limited to, referrals, quotes, binders, facultative reinsurance, policies, engineering services, premium collection in accordance with company standards.
• Advise, assist, and service clients on insurance and risk management matters to ensure client satisfaction and respond to client and AXA XL queries in a timely manner.
• Develop best practices and the sharing of underwriting knowledge within the team.
• Proactively foster positive relationships with renewal clients including pre‑renewal and stewardship engagement to get a mutual understanding of their needs.
• Ability to lean and/or assist in continuous improvement projects to benefit Equipment Breakdown and, in some cases, the broader organization.

You will report to the Head of EB Technical + Product.

• Solid technical knowledge of equipment exposures, mechanical and electrical systems, and the application of coverage forms to a wide variety of industries.
• The ability to determine appropriate rating, terms, and conditions in accordance with company guidelines and delegated underwriting authority.
• The ability to analyze inspection reports, engineering recommendations, and maintenance programs to identify potential loss drivers and mitigation opportunities.
• Manage an assigned book of business for profitability, rate adequacy and retention targets.
• Apply sound judgement in pricing, coverage, and risk selection consistent with portfolio objectives.
• Proficiency in rating tools, reinsurance structures and facultative procedures.

• Analytical thinking and sound judgment in balancing risk selection with business goals.
• Robust communication and negotiation skills with brokers and internal teams.
• Initiative and accountability in managing assigned underwriting authority.
• Team‑oriented mindset with willingness to mentor junior underwriters.
• Detail‑oriented, organized, and comfortable with deadline‑driven work.
• Bachelor’s Degree preferred, professional designations CPCU, ARM a plus.

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid‑sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it. By combining a comprehensive and efficient capital platform, data‑driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business – property, casualty, professional, financial lines and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

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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…