Senior Captive Fronting Underwriter

AXA XL offers property, casualty, financial lines and specialty insurance and reinsurance solutions for mid-sized companies through to large multinationals globally. We blend underwriting discipline, analytic excellence, and a robust market focus to create stellar partnerships with clients and brokers. We help the world move forward by combining powerful analytics and deeper insights with innovative solutions to free up our clients’ potential.

About the role

The Senior Underwriter – Single Parent Captives 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 and external stakeholders. You will report to the Regional Director, Single-Parent Captives, Americas, and be part of the wider Alternative Risk Solutions unit.

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.

Skills

• 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).

Benefits

• Competitive retirement savings plan, health and wellness programs, and many other benefits.
• Wide range of learning opportunities to hone professional skills and position for career advancement.
• 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.
• AXA Hearts in Action volunteering and charitable giving programs, including Matching Gifts, Volunteering Leave, and the annual Global Day of Giving.

Pay

The U.S. base salary range for this position is USD 107,000 – 209,000. Actual pay will be determined based upon the individual’s skills, experience, and location.