Senior Underwriter - Ocean Marine Cargo

Chicago, IL

New York, NY

Full time

REQ06779

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.

At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.

Senior Underwriter – Ocean Marine Cargo

New York or Chicago

The Senior Underwriter, Ocean Marine Cargo will act within established guidelines to analyze, evaluate, price, and manage new and renewal business in support of the growth of the U.S. Ocean Marine Cargo portfolio. The initial focus will include Small and Middle Market, Large Complex Transit, Stock Throughput, and Excess Stock Exposure risks

The role will also support AXIS’s broader Marine Logistics capabilities, which complement traditional Cargo coverage by addressing liability exposures throughout the movement, handling, and storage of goods. Relevant experience may include Cargo Legal Liability, Warehouse Legal Liability, Errors & Omissions, Shipper’s Interest, and packaged logistics solutions.

Candidate Profile

The Senior Underwriter, Ocean Marine Cargo will be a hands-on technical underwriting professional with a demonstrated history of success within a leading commercial insurance carrier, building and managing a complex Ocean Marine Cargo portfolio.

Candidates should have strong relationships across Ocean Marine Cargo wholesale and retail broker channels and full lifecycle underwriting experience, including solicitation and evaluation of submissions, risk analysis, structuring terms and conditions, pricing, preparing and issuing indications, quotations and binders, and portfolio management.

Candidates with Marine Logistics or related supply-chain liability underwriting experience are especially attractive, including exposure to freight forwarders, logistics providers, warehouse operators, and transportation intermediaries. Experience with Cargo Legal Liability, Warehouse Legal Liability, Errors & Omissions, Shipper’s Interest, or packaged Marine Logistics solutions is highly desirable.

The successful candidate should understand how traditional Cargo exposures interact with transportation, warehousing, contractual liability, and logistics-related risks across the broader supply chain, allowing them to evaluate opportunities from both a cargo/property and logistics liability perspective

Key Duties and Responsibilities

• Underwrite and manage complex Ocean Marine Cargo business, including Small and Middle Market, Large Complex Transit, Stock Throughput, and Excess Stock Exposure risks.

• Evaluate Marine Logistics opportunities that complement the Ocean Cargo portfolio, including Cargo Legal Liability, Warehouse Legal Liability, Errors & Omissions, Shipper’s Interest, and packaged logistics solutions.

• Assess supply-chain exposures involving freight forwarders, logistics providers, warehouse operators, transportation intermediaries, and other businesses involved in the movement, handling, and storage of goods.

• Review contractual and operational exposures to determine appropriate coverage structure, limits, retentions, pricing, terms, conditions, and endorsements.

• Work with brokers to identify cross-sell opportunities across Ocean Cargo and Logistics, and develop broader solutions for clients with complex supply-chain exposures.

• Prospect for new business and develop strategies targeting Small to Middle Market and Large Complex Corporate risks.

• Develop and maintain strong wholesale and retail broker relationships, using those relationships to generate submissions and expand the portfolio.

Required Experience

• 5+ years of direct Ocean Marine Cargo underwriting experience.

• Demonstrated experience building and managing complex Ocean Cargo business.

• Experience with Logistics, Cargo Legal Liability, Warehouse Legal Liability, Errors & Omissions, Shipper’s Interest, or related transportation/logistics liability products strongly preferred.

• Understanding of supply-chain exposures and the contractual relationships among cargo owners, freight forwarders, logistics providers, warehouse operators, and transportation intermediaries.

• Ability to build and expand retail and wholesale broker relationships.

• Strong technical underwriting, portfolio management, negotiation, and presentation skills.

• Ability to operate effectively in a collaborative underwriting environment with strong attention to detail.

We currently expect to offer a base salary of $150,000 -210,000K for this position. Your salary offer will be based on an assessment of various factors, including your specific years experience and work location. In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate performance and your performance. On top of this, you will be eligible for a comprehensive and competitive benefits package that includes medical plans.

This posting is for an existing vacancy.

Rewarding. Challenging. Meaningful.

We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry.

Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company.

We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.