The Executive Underwriter, Natural Resources will lead the assessment and underwriting of complex, high-value risks across established and emerging natural resources sectors including Energy and Mining. The role is responsible for delivering profitable portfolio growth through disciplined risk selection, technical underwriting excellence and effective management of pricing, terms, capacity and aggregation.
As a senior market-facing underwriter, the role will build trusted relationships with brokers, clients and industry partners, identify new business opportunities and develop tailored solutions that respond to evolving technologies and risk profiles.
The successful candidate will balance commercial opportunity with long-term portfolio sustainability while helping strengthen the organization’s position in the Energy Transition and Natural Resources market.
What you’ll be doing
Underwriting and portfolio management
- Underwrite complex and high-value risks across all the key Natural Resource sectors with a focus on client solutions across both property and casualty.
- Evaluate exposures, loss scenarios, risk controls and coverage requirements.
- Establish appropriate pricing, terms, conditions and capacity.
- Manage renewals, new business and portfolio performance against agreed targets.
- Maintain accurate underwriting documentation and comply with governance requirements.
- Identify emerging risks and recommend portfolio actions.
Energy Transition and Natural Resources expertise
- Experience across established and emerging energy sectors, including renewables, energy storage, hydrogen, carbon capture, critical minerals and related infrastructure.
- Assess new technologies, changing risk profiles and evolving operating models.
- Monitor regulatory, environmental and market developments affecting the portfolio.
- Collaborate with internal specialists to develop appropriate underwriting solutions.
Technical leadership
- Serve as a technical referral point for complex underwriting matters.
- Coach and mentor underwriters, supporting the development of technical capability.
- Share market intelligence, lessons learned and underwriting best practices.
- Contribute to underwriting guidelines, risk appetite and product development.
- Support portfolio reviews and strategic planning.
Business development
- Own and drive a dedicated go to market offering across the Natural Resource sectors, driving strategy and engagement with a clear client first mindset.
- Build and maintain outstanding relationships with brokers, clients and industry partners.
- Develop a robust pipeline of profitable new business.
- Lead complex submissions, negotiations and account presentations.
- Work with distribution partners to identify opportunities in high-growth sectors.
- Represent the organization at relevant industry and market events.
Collaboration
- Partner with Claims, Risk Engineering, Actuarial, Legal, Compliance, Operations and Reinsurance.
- Incorporate claims trends, engineering insights and exposure analysis into underwriting decisions.
- Support consistent underwriting practices across regional and global teams.
- Contribute to broader Energy and Natural Resources initiatives.
You will report to Manager Construction and Energy
What you will BRING
We’re looking for someone who has these abilities and skills:
Required Qualifications and Capabilities
- Significant experience underwriting complex commercial or specialty risks.
- Demonstrated experience in Energy, Natural Resources, Renewables or related sectors.
- Proven record of developing profitable business and managing major accounts.
- Experience operating within delegated underwriting authorities.
- Relevant degree or equivalent professional experience.
- Professional insurance designation such as CIP, FCIP, ACII or CPCU is an asset.
- Ability to evaluate emerging technologies and complex risk information.
- Robust commercial judgement and portfolio-management capability.
- Established broker and client relationship skills.
- Ability to influence stakeholders without direct authority.
- Clear written and verbal communication skills.
Who WE are
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.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered 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.
Learn more at axaxl.com.
What we OFFER
Inclusion
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
Learn more at Inclusion & Diversity at AXA XL | AXA XL. AXA XL is an Equal Opportunity Employer.
Total Rewards
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 enterprising 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.
Sustainability
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.
Our Pillars:
- Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems - the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
- Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We're building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
- Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
- 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.
For more information, please see Sustainability at AXA XL.
The Canada base salary range for this position is CAD 121,000 to 170,000. Actual pay will be determined based upon the individual’s skills, experience and location. We strive for market alignment and internal equity with our colleagues’ pay.
At AXA XL, we know how important physical, mental, and financial health are to our employees, which is why we are proud to offer benefits such as a competitive retirement savings plan, health and wellness programs, and many other benefits. We also believe in fostering our colleagues' development and offer a wide range of learning opportunities for colleagues to hone their professional skills and to position themselves for the next step of their careers.
