Senior Captive Fronting Underwriter

About the role

The Senior Underwriter – Single Parent Captives role will be a key member of a high impact growth area, pursuing the growth of AXA XL’s captive business in the North America region, and providing deal-specific alternative risk expertise to internal/external stakeholders.

Responsibilities

• Collaborate with Distribution and Product Line Underwriting teams to identify and pursue new Captive Fronting opportunities through client and broker marketing, pipeline development, stewardship meetings, industry events, and strategic initiatives.
• Work closely with Product Line Underwriters and key internal stakeholders (e.g., Actuarial, Middle Office, Claims, Credit, Legal) to underwrite, structure, and service Captive Fronting placements at a high standard, including negotiating reinsurance commissions, terms, and collateral requirements.
• Serve as the technical expert on Captive solutions for new business and renewal transactions, leading elements such as deal structuring, negotiations, and post-binding activities.
• Partner with the broader account team to develop compelling deal proposals, participate in or lead pitch presentations, and coordinate across multiple coverage lines to deliver a ONE AXA XL solution.
• Ensure all Captive Fronting placements adhere to AXA XL’s Rules, Guidelines, relevant regulations, and compliance standards.
• Contribute to maintaining accurate portfolio reporting alongside other team members.
• Cultivate and maintain relationships within the Captive ecosystem, including Brokers, Captive Managers, Consultants, TPAs, and other vendors.
• Contribute to internal and external educational efforts related to Captive Fronting, alternative risk transfer, and other relevant AXA XL capabilities to generate new business, foster collaboration, and support cross-sell objectives.

Requirements

• Moderate experience in negotiating, structuring, and executing large, complex Fronting and Multinational programs.
• Deep understanding of Captives, fronting concepts, underwriting processes, and industry governance and compliance standards.
• Broad knowledge of various insurance product lines, with the ability to articulate clear value propositions to internal and external stakeholders to grow a profitable book of business.
• Proven ability to positively influence key stakeholders, including C-suite executives, across various functions and regions.
• University degree or professional insurance qualification in Actuarial, Insurance, Underwriting, Finance, or Legal fields.

Qualifications

• Direct experience in commercial underwriting of large commercial insurance programs, with a demonstrated ability to learn quickly.
• Excellent communication skills, both written and verbal, with the ability to clearly convey strategies, market insights, and complex ideas.
• Ability to work self-directed while being a collaborative team player, supporting the delivery of our value proposition and fostering effective cross-functional relationships.
• Outstanding organizational, time-management, and multi-tasking skills to manage multiple priorities efficiently.
• Willingness to travel (25-30% of time).

Skills

• Strong negotiation and deal structuring skills.
• Knowledge of regulatory frameworks and compliance standards.
• Ability to build and maintain strong client relationships.
• Proficiency in using relevant software and tools for underwriting and risk management.

Benefits

AXA XL offers a competitive total rewards package, including:

• U.S. base salary range: USD 107,000 – 209,000.
• Robust support for Flexible Working Arrangements.
• Enhanced family-friendly leave benefits.
• Matching Gifts program.
• Volunteering Leave.
• Global Day of Giving.

Pay

Actual pay will be determined based upon the individual's skills, experience, and location.

Schedule

Full-time position with occasional travel required (25-30% of time).