OverviewAs Senior Underwriter for AXA XL's Political Risk, Credit & Bond (PRCB) team, you will deliver profitable underwriting services to clients and help expand the business across Europe.
You'll work with an experienced global team to originate and underwrite political and credit risks, manage risk within authority, and build broker/client relationships.
The role blends strategy, risk analysis, and market engagement, with a focus on delivering quality data, pricing, and claims input while supporting planning and forecasting.
This is a high-impact, market-facing position within a leading specialty lines group.
Compensaciones / Beneficiosflexible working arrangements
enhanced family-friendly leave benefits
inclusive workplace
diversity initiatives
wellbeing and health benefits
equal opportunity employer
ResponsabilidadesUnderwrite within plan and authority limits to support profitability
Monitor financial exposure and premium income within set limits
Maintain awareness of advised claims and input on settlements
Build and maintain relationships with brokers and clients
Support design and structure of risk and contribute to business planning/forecasting
Analyze portfolio performance and act to drive profitable growth
Ensure compliance with underwriting guidelines and legal requirements
Develop and maintain long-term relationships in the London market




Promote AXA XL expertise via industry events and client/broker meetings
Negotiate with brokers to win targeted business at the right price
Operate within defined authority and AXA XL underwriting policies
Deliver service excellence and ensure high-quality data in underwriting systems
Possess expert technical knowledge of product and industry
Report to Underwriting Manager – Political Risk, Credit & Bond, Iberia (Madrid)
Requisitos principalesRelevant experience in banking or insurance with focus on credit and/or political risk analysis
Proven PRCB underwriting experience and best practice
Experience in trade/export finance, project finance or structured credit preferred
Strong credit analysis and interest in integral economic/political affairs
Ability to respond to market changes and create innovative customer solutions
Business development skills and strong negotiation abilities
Fluency in English and Spanish (additional languages a plus)
Team-oriented with strong organizational and time-management skills
Adaptability to a changing environment and ability to work with diverse seniorities
Negotiation
Relationship building
Team collaboration
Underwriting of political risk and credit bonds
Portfolio and account performance analysis
Risk assessment and compliance with guidelines

📌 Senior Underwriter Prcb (Madrid)
🏢 Axa Group
📍 Madrid