Specialty A&H Underwriter

Specialty A&H Underwriter

18 Mar 2024
New Jersey, Princeton, 08540 Princeton USA

Specialty A&H Underwriter

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process.How does this role contribute to our collective success?AXIS Specialty A&H works with various Managing General Underwriters (MGUs) and Program Managers that are or will generate significant Accident & Health business in the U.S. and Canada in addition to new opportunities in 2023. This individual, will act within established guidelines to develop, analyze, review, evaluate and monitor new and renewal accounts, process accounts and handle underwriting activities.What will you do in this role? Perform all underwriting roles for K-12, Amateur Sports, Participant Accident, Outbound Student and Leisure Travel business. Underwriting existing A&H Partners: Evaluates cases as received from MGUs and Business Development Managers. For complex opportunities/programs, reviews and evaluates submissions to determine risk acceptability and coverage levels. Then works with Actuarial team for approval. Works closely with business development manager and external MGUs/Business Development Mangers to obtain additional required information in determining either our new business or renewal position. Works with Legal, Product, Operations and Business Development to modify existing MGUs/Programs. Develops and maintains both internal and external producer/program relationships. Sets appropriate premium rates, issues proposals for programs/cases, and letters of intent when appropriate. Performs a portfolio review on an annual basis to determine renewal position for the book of business. Reporting: Updates and Maintains Monthly Specialty A&H UW Reports. Creates ad hoc reports when necessary. Policy Issuance: Creates and issues all policies that are not within the Template authority delegated to MGUs/MGAs Achieve targeted loss ratios and combined ratios by maintaining underwriting discipline through the underwriting selection and renewal process. Manages day-to-day tasks of assigned risk portfolio. Acts as liaison between internal functional departments and external vendors. Handles special projects and assignments at the request of A&H leadership team. Ensure digital files are maintained per AXIS Insurance procedures including but not limited to proper documentation, structure, and authorizations.You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.About You: Bachelor’s degree in Business, Accounting, Mathematics, Finance, Risk Management, Insurance or related field preferred Requires at least two (2) years Accident & Health Underwriting experience. P&C insurance is not required but helpful. Requires at least three (2) years of experience working with and overseeing MGAs/MGUs or Program Managers. Market Segment knowledge: Amateur & Professional Sports, K-12 & College Students, First Responders, Volunteer Organizations and Leisure Travel. Product knowledge: Accidental Death, Accident Medical Expense, Catastrophic Medical, Disability, Participant Accident, Out of Country Medical Insurance and Leisure Travel Insurance a plus. Other product knowledge helpful but not required: Corporate Accident (Business Travel Accident, Voluntary Accident), Occupational Accident, Critical Illness, Life, Supplemental Medical, Dental and Vision. Ability to work with large data sets to evaluate past performance and use data to determining acceptable rating metrics.For this position, we expect to offer a base salary in the range of USD NY/NJ- 120-150k, CHI- 110-145k, ATL-100-130k. The specific salary offer will be based on an assessment of a variety of factors, including the experience of the successful candidate and their work location. In addition, all employees are eligible for competitive incentive targets, with awards based on overall corporate and individual performance. On top of this, we offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.Rewarding. Challenging. Meaningful.We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry.Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company.We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.

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