Underwriter- Auto and Construction Casualty
XL Group Ltd
Toronto, CA,CA
13d ago

Underwriter- Auto and Construction Casualty(

Job Number : 14002793D20190326)


DISCOVER your opportunity

Growth in our Canadian Construction Portfolio has opened up the need for an additional Underwriter in our Toronto office.

Working as part of the Canadian Construction Team, the role will be focused on securing both new business opportunities and managing a renewal portfolio, while providing leading edge solutions for client needs.

The role therefore requires a significant amount of interaction with Clients, Brokers and internal stakeholders.

  • As an Underwriter, you will be responsible for delivering a profitable Underwriting’ service to your clients. Your key tasks include : underwriting business within the agreed business plan and individual authority;
  • supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims;
  • ensuring adequate reinsurance protection.

    What will your essential responsibilities include?

    Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account

    Calculating appropriate risk premium by considering the risk costs inherent to the sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability

    Proactively advising, assisting, servicing and following up with Brokers / Clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements

    Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention

    Controlling timely implementation of new and renewed accounts according to quality standards

    In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis

    Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy

    Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits

  • Maintaining awareness of all claims advised while supporting and providing input on settlement of claims
  • You will report to the Underwriting Manager.

    SHARE your talent

    We’relooking for someone who has these abilities and skills :

    Bachelor’s Degree (or equivalent);professional designations CIP, FCIP, CRM a plus.

    Minimum of 3 years’ experience in Auto and Construction Casualty (CGL,Wrap Up, Umbrella, Excess Casualty) class of business, possessing functionalknowledge and skills reflective of a fully competent practitioner

  • Strong Industry Knowledge and Commercial / Business Acumen
  • Analytical, negotiation and sales / marketing skills
  • Excellent written and oral communication skills. Excellent customerservice focus is a must

    Interpersonal Savvy - Demonstrated ability to build and maintain stronginsured and broker contacts

    Ability to develop and understand business processes, strategy andplanning

    Collaborative team player who provides creative solutions and ideas forresolution

    The job will involvelimited travel within Canada and the USA

    AXA XL is an Equal Opportunity Employer.

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