Senior Captive Fronting Underwriter

AXA•Chicago, IL

4d•$107,000 - $209,000

About The Position

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. Combining powerful analytics and deeper insights with bigger ideas and innovative solutions, we free up our clients’ potential, thereby fulfilling our own. Take it seriously. Make it fun. Know it matters. AXA XL’s Alternative Risk Solutions (ARS) team combines innovative insights with proven analytical expertise to deliver tailored, intelligent risk solutions. With robust underwriting, advanced risk engineering, and global claims capabilities, we empower forward-thinking businesses to thrive. Leading organizations choose AXA XL for our responsive, experienced underwriters and proven success. At AXA XL, we can help businesses that want to manage some of their own risks. In collaboration with our Product Line teams, we can handle the largest, most complex placements, and issue local policies wherever they are needed. 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.

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.

Nice To Haves

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)

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.

Benefits

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 enables business growth and is critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most inclusive workforce possible, and create a culture where everyone can bring their full selves to work and 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
AXA XL’s Reward program is designed to take care of what matters most to you, covering the full picture of your health, wellbeing, lifestyle and financial security. It provides competitive compensation and personalized, inclusive benefits that evolve as you do.
We’re committed to rewarding your contribution for the long term, so you can be your best self today and look forward to the future with confidence.
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.
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.