Underwriter 2 - Specialty, Political Risk and Credit

As an Underwriter II, you will be responsible for delivering profitable underwriting service to your clients. Your key tasks include: underwriting business within the agreed business plan and individual authority;  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 covers 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, financial statements, credit memos, technical reports and legal due diligence reports to determine whether the transaction adheres to our Political Risk & Credit risk appetite standards with a  strategic focus on medium to long term transactions.
• Negotiating bespoke policy wordings.   
• Calculating appropriate risk premium by considering the political or credit risks of potential transactions,  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 increase PRC transaction flow and to initiate opportunities for cross-selling other AXA XL products.
• Controlling timely implementation of new and renewed accounts according to quality standards.
• 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.
• Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.

You will report to a Senior or Executive Underwriter.

What you’ll be doing

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

• Bachelor’s Degree (or equivalent) and Masters (preferred) in business, economics, insurance, international affairs or related field preferred
• Moderate to Extensive experience in the credit or political risk insurance business.
• Under technical direction, works within significant limits and authority on assignments of higher technical complexity and coordination.
• Possesses demonstrated technical knowledge and skills, including product and industry, reflective of successful progression through various job family levels.
• Advanced analytical, negotiation and sales/marketing skills.
• Excellent written and oral communication skills.
• Interpersonal Savvy - Demonstrated ability to build and maintain robust 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

Who WE are

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 axaxl.com.

What we OFFER

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 Inclusion & Diversity at AXA XL | AXA XL. 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 enterprising compensation and personalized, inclusive benefits that evolve as you do.

We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.

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 Sustainability at AXA XL.

The U.S. base salary range for this position is USD 87,400 – 170,000.

Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay.

At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefitssuch as an enterprising retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering ourcolleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to positionthemselves for the next step of their careers. For more details about AXA XL’s benefits offerings, please visit US Benefits at a Glance 2026.