Location: New York,NY, USA
Head of Small & Medium Enterprise, Cyber and Professional Liability
New York, NY I USA
AXA XL provides cyber insurance and technology, Architects & Engineers, and Commercial E&O to start-up firms all the way up to the Fortune 500. This space has been identified by AXA XL as an exciting growth area with excellent prospects for the successful underwriter to grow their profile and advance their career.
For more than fifty years, AXA XL Design Professional has been a market leading insurance provider serving the needs of the Architect and Engineering design industry. We provide our customers with market leading loss prevention and risk management education programs, best in class claims support and industry leading underwriting services.
We have been a trusted partner and advocate for law firms for over 20 years and remain deeply committed to supporting the legal profession. Policyholders can have confidence knowing that we have a proven track record of financial stability, superior claims service and underwriting expertise all backed by the economic strength and resources of a global leader.
The individual will be responsible for the portfolio's strategy, growth, and overall impact to the America's Region Chief Underwriting Office. You will lead SME Underwriting team, servicing a renewal book and be responsible for producing new business through exceptional underwriting practices. You will represent yourself as a true Cyber and Professional Liability leader, internally and externally, based on your extensive and unique knowledge and experience.
DISCOVER your opportunity
What will your essential responsibilities include?
* Build the strategy for SME Cyber, LPL, and Design Professional to achieve profitable growth with new business and renewal business within the customer segment to achieve profitable premium and rate goals, working with actuarial and claims, and successfully delivering results consistent with financial plan.
* Create and execute the annual business plan and strategy, ensuring consistency with agreed risk appetites. Responsible for underwriting profit and loss within the function, including revenue management on a gross and net level, and expense management.
* Execute a diversified Cyber SME strategy and business plan, evaluating the efficacy of: (1) build capabilities internally; (2) partner with big tech as a distributor; (3) build API capabilities; (4) provide capacity to MGAs or InsureTechs
* Maintain appropriate underwriting governance is maintained through policies, procedures, reviews, audits, and training.
* Promote the professional growth of a diverse and engaged underwriting community, while planning effectively to maintain the organization's business continuity goals.
* Manage underwriting teams to ensure operational efficiency around production and hit ratio reporting, retention ratios, production planning and tactical actions expected related to the established plans.
* Underwrite, manage, and service a cyber and technology renewal book and produce new business in accordance with business unit goals.
* Exercise discretion and independent judgment in the analysis and evaluation of risk.
* Collaborate closely with the leadership team to drive product development and innovation in the cyber insurance space.
* Build, execute, and maintain operational infrastructure for digitally enabled processes.
* Build, continuously, market cycle guidance for product and pricing
* Build best practices, align synergies, and increase operational efficiencies for Design Professional, Commercial E&O, and Cyber SME portfolios
* Oversee LPL Admitted, and any other SME portfolio within Design Professional, Select Professional and Cyber teams.
* Embody the AXA XL culture and act as a role model for all colleagues, irrespective of organizational alignment
This role reports to the CUO of Cyber, Design Professional, and Commercial E&O Americas.
SHARE your talent
We're looking for someone who has these abilities and skills:
Required Skills and Abilities:
* Extensive Cyber and Professional Liability Underwriting, inclusive of Managerial experience and SME or Operations experience
* Must reside in a major industry hub.
* Proven ability to lead a team and deliver exceptional customer experiences.
* Robust business acumen and the ability to anticipate customer and market trends
* Demonstrated capacity to differentiate AXA XL in the industry through innovative offerings and business practices.
* Ability to energize a team through a compelling vision of the business and for the future.
* Proven ability to drive the business forward regardless of uncertain environments.
* An engaged leader who proactively challenges the status quo to create momentum and action for change.
* Exceptional organizational time management, and interpersonal skills with the ability to perform accurate mathematical calculations.
* Excellent collaborative, presentation, and communication skills.
* The ability to demonstrate critical thinking, decision making, and problem-solving skills.
* The ability to travel a minimum of 20% of the time.
* A bachelor's degree is required with Continuing education or professional designations in insurance underwriting and information privacy
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 axaxl.com
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 axaxl.com/about-us/inclusion-and-diversity. 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 Sustainability at AXA XL.
The U.S. pay range for this position is USD 177,500 - 279,500. 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 benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers. For more details about AXA XL's benefits offerings, please visit US-Benefits-at-a-Glance_2023_US.pdf (myaxaxlbenefits.com).