Underwriter II, Cyber Wholesale

AXA XL provides cyber insurance and technology professional liability on an open brokerage basis to start-up firms all the way up to the Fortune 500. This class has been identified as an exciting growth area with excellent prospects for the successful underwriter to grow their profile and advance their career. As digital threats grow more sophisticated, malicious, and hard to detect, our focus on innovation in providing tailored solutions to complex risks has earned AXA XL the reputation as a market leader.

About the role

An increased dependence on technology brings increased vulnerabilities. Data breaches threaten the security of financial, customer, employee, and other proprietary data, and at any time, a cyber-attack can disrupt a company’s operations. This role offers a unique opportunity to leverage your underwriting expertise and broker relationship skills to manage and grow a specialized wholesale cyber portfolio.

Responsibilities

• Portfolio Management & Growth:
  • Manage a diverse wholesale cyber insurance book, focusing on both renewal and new business opportunities.
  • Develop and execute strategic plans to expand the wholesale cyber portfolio in alignment with AXA XL’s overall business objectives.
  • Analyze market trends, emerging cyber risks, and client needs to identify new product opportunities and distribution channels.
• Broker & Distribution Channel Engagement:
  • Build and maintain outstanding, productive relationships with wholesale brokers, agents, and distribution partners.
  • Serve as a trusted advisor to brokers, providing expert underwriting guidance and risk insights.
  • Conduct broker meetings, presentations, and negotiations to facilitate business development and portfolio growth.
  • Educate brokers and clients on evolving cyber risks, coverage options, and best practices to foster a deeper understanding of cyber insurance solutions.
• Underwriting & Risk Evaluation:
  • Exercise self-supported judgment and technical expertise to evaluate complex cyber risks, ensuring profitable underwriting outcomes.
  • Review and analyze submission materials, risk data, and external information sources to assess risk quality.
  • Set appropriate terms, conditions, and pricing strategies for wholesale cyber accounts, balancing risk appetite and market dynamics.
  • Collaborate with actuaries, claims teams, and other stakeholders to refine risk selection and pricing models.
• Cross-Functional Collaboration:
  • Work closely with underwriting, actuarial, claims, legal, and product teams to develop innovative solutions and improve underwriting practices.
  • Participate in industry conferences, client seminars, and internal knowledge-sharing initiatives to stay current on cyber risk trends and regulatory requirements.
• Compliance & Best Practices:
  • Ensure all underwriting activities adhere to internal guidelines and external legal and regulatory standards.
  • Maintain thorough documentation of risk assessments and underwriting decisions.

You will report to the Underwriting Manager for the Cyber and Technology Group.

Requirements

• A bachelor’s degree or equivalent.
• Robust understanding of cyber and technology risks, data security, privacy, and related legal/regulatory frameworks.
• Demonstrated success in managing broker relationships and driving business growth through distribution channels.
• The ability to travel a minimum of 15% of the time is anticipated.

Skills

• Exceptional organizational and time management skills with the ability to perform accurate mathematical calculations.
• Excellent collaborative skills in a fast-paced team-centric environment.
• Outstanding interpersonal, presentation, written, and verbal communication skills.
• Ability to demonstrate critical thinking, decision-making, and problem-solving skills.

About Us

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. By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, we empower our team 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.

Benefits

• Inclusion & Diversity:
  • 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.
• Total Rewards:
  • Competitive retirement savings plan.
  • Health and wellness programs.
  • Wide range of learning opportunities to hone professional skills.
• Sustainability:
  • Sustainability strategy focusing on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across operations.
  • Volunteering and charitable giving programs, including Matching Gifts, Volunteering Leave, and Global Day of Giving.

Pay

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.