Such statements typically have the form: if a smallest, largest, or otherwise unique object which satisfies the property $P$ exists, then this object has the additional property $Q$. For example, one could say about a monoid: if a multiplicative inverse of $x$ exists, then it satisfies a property $Q$.
This is, in theory, equivalent to: for each $y$, if $y$ is the multiplicative inverse of $x$, then $Q(y)$. In practice, this would be a slightly strange way to think about such a statement.
The statement really says: $x^{-1}$ has the property $Q$ – with the proviso that we exclude cases where the term $x^{-1}$ does not refer to anything.
Of course, terms with no denotation are not allowed in standard first-order logic, so indeed if you wanted to formalize this in first-order logic, you would have to invoke some work-around, such paraphrasing the theorem using universal quantification along the lines you suggested: for each $y$, if $x \cdot y = 1$ and $y \cdot x$, then $Q(y)$.