Senior Underwriter - Onshore Energy

Job Description - Senior Underwriter - Onshore Energy ()

Underwriter - Onshore Energy

London, UK

AXA XL Energy is looking for a skilled and experienced onshore energy underwriter to take on a prominent role within the London team. The right candidate will have shared responsibility for a broad portfolio of onshore energy risks, including downstream and midstream sectors alongside power generation, renewables and transmission and distribution.

The portfolio has an excellent foothold in the conventional oil and gas and power generation markets; it is also pivoting in line with the Energy Transition and has a growing segment dedicated to technologies contributing towards a carbon net zero future. This includes more established clean technologies such as onshore wind, solar and nuclear sectors as well as emerging technologies such as carbon capture, hydrogen, and sustainable fuels. Key to the role will be the ability to navigate this fast-moving space whilst maintaining underwriting discipline and taking calculated risks.

Onshore Energy forms part of the wider London Energy team, which also includes Exploration and Production, Offshore Wind and Energy Liability.

This is a regulated role under the Central Bank of Ireland's Fitness and Probity regime.

1. 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.
2. Calculating appropriate risk premium by considering the risk costs inherent to the Onshore Energy sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
3. Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfilment of their insurance requirements.
4. Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
5. Controlling timely implementation of new and renewed accounts according to quality standards.
6. In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
7. Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
8. Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
9. Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
10. Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.

You will report to the UK Head of Downstream, Power and Renewables.

1. Demonstrated underwriting experience within Power Generation, Downstream, Midstream or Renewables.
2. Under technical direction, works within significant limits and authority on assignments of higher technical complexity and coordination.
3. Possesses technical knowledge and skills, including product and industry, reflective of successful progression through various job family levels.
4. Advanced analytical, negotiation and sales/marketing skills.
5. Excellent written and oral communication skills.
6. Interpersonal Savvy - Demonstrated ability to build and maintain insured and broker contacts.
7. Ability to develop and understand business processes, strategy and planning.
8. Collaborative team player who provides creative solutions and ideas for resolution.

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.

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.

London, UK

Full-time

Standard

AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.