Senior Onshore Renewable Energy Construction Underwriter

Job Description

Job title: Senior Onshore Renewable Energy Construction Underwriter

Company: AXA XL

Job description: AXA XL are emerging from a period of transformation following two of the largest acquisitions in the history of the insurance industry to build a truly Global, market leading organisation. Our brand, financial strength, resources and capabilities are second to none, providing us with the platform to positively differentiate ourselves in a dynamic Insurance market. Building on a very successful and profitable 2022, our future strategy centers on expert underwriting and strong leadership, coupled with excellent data & analytics to proactively adjust our portfolios to market cycles, and to provide unrivaled service to clients and brokers.

To ensure we maintain the quality of our underwriting decisions and market leading service we are actively investing in our underwriting teams and are proud to have the opportunity to grow many of our underwriting teams across the organisation. I hope you can join us in our very exciting journey. Simon Hearn, Interim Chief Underwriting Officer.

Energy Transition

AXA XL are committed to a carbon net zero future. Whilst the Energy Transition (ET) segment is still in its infancy, and the classification / taxonomy is still evolving, our ET team will support alternative fuel, carbon capture and renewable energy operations that contribute towards carbon net zero targets.

You will have the support of highly qualified & experienced risk engineers to keep abreast of the latest developments in technology, and actuaries to help you quantify and price these risks. You will also be working alongside an established team of power underwriters.

Construction Practice

The AXA XL UK & Lloyd’s Construction and Engineering team provides Construction/Erection All Risks (and associated covers) for a diverse portfolio of clients on a Worldwide basis.

Our clients include Coverholders, Contractors, Utilities, Developers and Engineering companies. We work with all the main broking houses in London and have a very strong pipeline of new business opportunities. This is an excellent opportunity to join a growing team to build-out our onshore renewable energy portfolio across Construction All Risks/Erection All Risks/ Delay in Start Up and first year operations.

The candidate will have renewable energy underwriting experience, and an extensive knowledge of the market and relevant technologies.

As Senior Underwriter, you will be responsible for delivering a profitable Underwriting service to your clients. Your key tasks include: underwriting business within the agreed business plan and individual authority; building and maintaining relationships with brokers and clients and supporting the design and structure of risks.

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

DISCOVER your opportunity

Joining AXA XL as an experienced Underwriter you will have the opportunity to work with a wide range of clients to provide an innovative and bespoke underwriting service. Each risk we consider is unique, which means our clients and Brokers should enjoy a market-leading experience of working with us.

What will your essential responsibilities include?

· Reviewing submissions including policy wordings, inspection reports and loss runs, while conducting appropriate analysis and research to determine the degree of risk for each account.

· Calculating appropriate risk premium by considering the risk costs inherent to the sector, 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.

· 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 Construction, UK & Lloyd’s

Qualifications

SHARE your talent

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

Required Skills and Abilities:

· Proven experience of underwriting profitable onshore renewable energy projects and annuals. Binder and lineslip experience is preferred but not essential.

· Good industry knowledge and awareness of factors affecting this market.

· Established network in the renewable energy sector including brokers and clients.

· Excellent interpersonal and customer service skills.

· Demonstrable analytical, negotiation and sales skills.

· Experience of using pricing tools and a good working knowledge of Microsoft Excel.

· Working knowledge of broker manuscript and industry standard Construction All Risks/Erection All Risks wordings in the onshore renewable energy sector.

· Understanding of linesize and portfolio management.

Desired Skills and Abilities:

· An Engineering/renewables industry background or a qualification to degree level in a relevant technical discipline.

· Working towards Cert Cii or higher

FIND your future

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.

How? 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.

Learn more at

Inclusion & Diversity

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 a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can 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.

Sustainability

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

Our Pillars:

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems – the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We’re building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see axaxl.com/sustainability

Expected salary:

Location: London

Job date: Fri, 05 Jan 2024 08:29:24 GMT

Apply for the job now!